FANTOM - Easy Corrective Play ✅Fantom is currently in Wave B correction = 3 subwaves. We have almost finished subwave B and looking to capitalise on subwave C.
Trade idea:
- Watch for a break of the red trendline for confirmation that we've started wave C
- Risk entry can be done on lower timeframe once reversal pattern appears
- Stops below price once red trendline breaks
- Target: 5 and then taper and get ready to short
Goodluck and as always, trade safe!
FTMPERP trade ideas
FTMUSDThe analyst is using a descending analysis to predict the price of Fantom. This means that the analyst believes that the price of Fantom is likely to go down . If the price reaches $0.4211, the descending analysis will be invalidated
The analyst is also using a time-based profit limit
Risk warning
Financial markets are at risk of losing assets. Investing in financial markets is risky and there is always the possibility of losing assets.
FTMUSDT SHORT OUTLOOKHello Traders, this is outlook that i think might be work. All Entry, Stop Loss, and Take Profit its already showed up. All trade it is on yourself. Be carefull for the PPI News. It gonna make market in high volatile. DYOR
FTMFTM moving in a range currently in a downtrend we will look for breakout or breakdown with volume and consider it after retest.
FTM Daily Chart Hi
It seems that FTM has 2 possible scenarios.
Scenario 1 : Wave II is the bottom and we are in up trend
Scenario 2 : Price 0.165 was wave A primary and we can expect a Zig three down.
Wait and See
Thanks
FTM Weekly HistoryHi
As you see in the chart our dear FTM has been completed its huge bullish rally after hitting the price ATH 3.3593 and made wave 1 cycle and then started its corrective waves (1,2,3,4,5) to make a ZIGZAG for wave 2 (as usual). Wave A (Primary) of this ZZ (Zigzag) ended in 0.1614 and after that an ABC (Intermediate) started. Wave A (Intermediate) and then wave B ended to make a Channel to estimate the end of this FLAT{(ABC)}.
For next days we can expect a bullish motive wave to make wave (C) and complete B (Primary).
If our interpretation is correct so we can expect another bearish movements for this PRIMARY CORRECTION (ABC) to make the next lower low for wave 2 (Cycle) in the level of 50 to 61.8 or ever lower levels to 78.6 AND THEN OUR BIG WAVE 3 WILL START.
Do not forget that Elliott Wave counting method is an ocean of possibilities.
THANKS
✴️ Fantom Bulls | Test And Retest CompletedThe Fantom bulls are ready.
When a bullish breakout happens there is always a retest before additional growth, let me show you in detail.
Fantom started its bullish phase after hitting a low in November '22.
This low is the "test" that leads to the first wave in the 5 up wave pattern of the Elliot Wave bullish impulse.
In mid-December '22 we get a higher low and that's the "retest" which matches wave 2 of EW.
Fast forward to 2023 present time.
June 10 FTMUSD hits a low and starts a new bullish wave, can be a 1,2,3,4,5 bullish impulse. After a bullish break, a retrace is normal and this we are calling here the "retest".
This happened 7-July and ends in a Doji candlestick, meaning indecision. Today going green and then closing green would give a confirmation for a reversal (resumption of the bullish move).
The test and retest can also be seen as a short-term higher low.
Classic retrace after a bullish breakout that leads to additional growth.
And thus we can expect higher prices as long as the 10-June low holds.
Namaste.
ftmFinishing the Phantom modification and ready for big growth
The long-term goal will be $100
Decide for yourself
ftm usdti am looking to open 2 positions after the candle close i have to wait to see what will happen
✴️ Fantom | 11 Bullish Signals1) Trading back above 0.786 Fib. retracement of the Nov. '22 - Feb. '23 bullish wave.
2) Trading above EMA10.
3) Bullish divergence with the MACD.
4) MACD bullish cross.
5) MACD histogram turns green.
6) Long-term higher low (June '23 vs Nov. '22).
7) Falling wedge pattern bullish breakout.
8) Bitcoin and the rest of Cryptocurrency market bullish; What one does, the rest follows.
9) Long-term hidden bullish divergence with the RSI.
10) RSI became weak/oversold on a long-term higher low.
11) Cryptocurrency is the future of money!
Namaste.
FTM entryftm stochastic on the 4hr needs to reset or bottom that correlates with the touch of the trendline this being our entry after which we can look for a 5% push to the next order block that also correlates with the upper trendline
FTM - King of altcoins?Ladies and gentlemen...
I have talked about this in our last video and with great pleasure i want to announce that we are going to cover Fantom more frequently in the future.
Originally our altcoin package consisted of Solana, Chainlink, Polkadot and Vechain, from now on Fantom will be a part of our updates too!
Additionally, I want to announce that we as Mendenmein Capital will start our own Youtube channel where we will cover a broader range of assets and in a more detailed way.
Now let's get to the chart.
Most Fantom holders have been crushed in the bear market last year, to put things into perspective, Fantom declined by nearly -96%.
It isn't surprising that most investors sold their positions at a huge loss, and I have seen people on here and other platforms such as reddit pretty much give up regarding this project.
Sadly, those circumstances are a perfect "Bottom-Signal" and the price skyrocketed by +300% in a matter of weeks!!
The momentum in this coin was astounding, and the price breached above the three important lower high's of the bear market. (0.33$ / 0.41$ / 0.52$)
More good news are pouring in regarding the fundamentals of this project, and we established a very clean bullish 5 wave impulse.
Everyone who wants to prepare for the upcoming wave (iii), the following information is very important.
We estimate that Fantom is establishing a bearish wave (ii) and we already finished wave (a) in a bearish 5 wave impulse.
This means that we shouldn't experience an overshooting wave (b) and the price should tumble below the last wave (a) low at exactly 0.40$!
We highlighted a buy zone on the chart which ranges from 0.41$ - 0.265$, we as Mendenmein Capital will start to accumulate coins as soon as this zone is reached!
We choose to share our long term chart with everyone on here below.
FTM desceding triangleLooking for a bounce to .44 - .46$ level, then back down below .30$ in the summer.
Fantom- $1 by the End of the YearI feel like we're gonna consolidate in this big triangle. Which resistance line will be the top of the triangle? Perhaps one of those lines I drew. There's a methodology there, trust me.
Within the triangle, I see resistance at
$0.40,
$0.60,
$1.00 (or $1.10)
Good luck!
FTM is in Danger of Testing Much Lower Price RangesFTM chart is not looking very good in the near term.
If FTM breaks below 0.20 level, it could accelerate down to 0.04 level which is aligned with the 0.618 golden pocket.
FTM is also forming a head and shoulders pattern and if it breaks the neck line of 0.1660 the price target for that is also right below 0.04.
Fantom at a clean looking channel I don't know, some nice looking touches. Everyone thinks alts are dead, anything is possible but I'm not giving up on the altrun yet, Bitcoin has followed my plan so far, didn't think alts would go this comeback down again but we'll see if we can get going again.
[UPDATE FTM] Ok, they did it again. Next is 0.27.Redistribution is happening fast. Schematic #1 was invalidated. Now we are going down fast.
FANTOM - Get Ready...Fantom is currently in an ABC correction for a move higher.
We've already made the bottom so we have a strict invalidation level to work with. The upside potential is incredible (1500% gains) compared to the downside risk associated with this trade.
Trade Idea:
- For a safe entry, watch for a break of the channel
- For a risk entry, enter on break of lower timeframe trendline
- stops below the bottom
- Targets: 0.97,1.47, 3.5, HODL the rest and manually close.
Goodluck and as always, trade safe!
FtmusdtProbably, we are again facing a wave five of the terminal type, the total return of which is conceivable in less than half the time of its formation, and this will be the first step of a growth, after observing the internal structure of this growth, the probability of the next scenario or scenarios will be more visible. made
Fantom Faces Potential 60-80% Summer Price Drop Based on HistoryRepeating Patterns Signal Potential for the Cryptocurrency "Fantom" to Experience Rapid Price Drops Again: A Shorting Opportunity with Short-Term Profit Potential. This article displays the observed recurrence of significant price dumps in FTM, presenting a potential golden opportunity for shorting. Traders may consider capitalizing on the anticipated price decline to strategically buy FTM at the bottom for short-term gains. Please note that this analysis does not constitute financial advice but reflects the author's current trade strategy.
**The Foundation has been selling FTM in the past several days, adding up to the millions. This could also be an indicator.**
Legend
Horizontal Lines:
Red: Represents potential support that is highly likely to be breached.
Orange: Indicates support that is still likely to be breached, but with lower probability than red.
Yellow: Suggests a probable bottom.
Green: Suggests a buying opportunity for FTM if the price falls below the Yellow horizontal line.
Trend Lines:
White: Refers to repeated Descending Triangle patterns observed after significant price pumps. If these patterns break downward, historical data suggests a potential freefall, resulting in a potential downside ranging from 60% to 80%.
Yellow channel: The Yellow channel, established in 2021, may offer support for FTM in the near future, potentially leading to a return to the channel.
Yellow Trend line: Beginning in 2020, this trend line could potentially act as support for FTM if the trend continues to unfold.
FTMUSDTNobody Knows Where is Price Going.
Hey traders, here is the analysi.
If you guys like my analysis please hit like?? and follow.
Thanks.
DISCLAIMER- This is not financial advice.
SMART MONEY CONCEPT.
identify Liquidity Or Become Liquidity
LINK and FTM Both Chainlink and Fantom are in a similar accumulation channel for more than a year now. When we break above this will be very bullish.
ETH - FTM comparison; apples and oranges? updateETH - FTM comparison; apples and oranges? update
this chart comparison fascinates me. whats crazy is i STILL cant tell which of those two points in more likely. though it does seem overall very very similar.
i think with their dev runway etc ftm will pump hard for the first big bear market rally.
using that same ratio of time gone by since x point; seems we already bottomed. but macro in general indicates we haven't. id be ready to buy, but try staying above fake small time frame pumps.
gl
