FTM DOUBLE TOP AND H&S IN PLAYI think that FTM will reverse for a bit,
TP: 2,20$
Watch out for 2.8 level if it breaks it will go down to 2:20-2,40 levels
FTMUSD.P trade ideas
FTM/USD ShortHead and shoulders Pattern - Short.
I think a reversal pattern will play out in the short term.
EASY FTM SHORTVery easy short for FTM. literally the exact same formation as LINK except on a lower time frame.. LINK did -10% out the formation
Ftm looks good for a short trade.Ftm is at resistance , also adding a fibonacci we can see it is holding nice at 78.6% retracement , and we can see a nice double top formation is in play .
Macro ascending channel These are just lines on a chart but interesting to see how FTM has stayed within this ascending channel for over a year, also holding the 20 week SMA and 21 week EMA support band well on the weekly time frame. If we can trend sideways and bounce off the lower trend line of the channel we could see an explosive move to the upside between $20-$50 FTM.
Although this will be met with a lot of selling pressure from long term holders, many new investors will begin to look at FTM, due to its massive TVL and increasing wallet addresses. A true layer 1 powerhouse which is extremely undervalued.
FTM LONG 50% upsideFTM with a cup and handle pattern.
FTM blockchain is becoming popular. I can see it around 4.50 - 5 very very soon.
FTM 3H Bear Divergence - Breakout to $3.5 or retest $2.2Interesting 3H Bear Divergence. Will it correct, rebound and breakout to $3.5 by end Jan or with retest previous low of $2.2?
Let's see,,, ,,, NAF DYOR
What Happens To A Token When There Is No Sell Pressure?Check out this chart of Liquid Driver, priced in USD.
For my followers who aren't crypto native / interested, Liquid Driver is essentially a protocol within the Fantom ecosystem where you can go to stake your LP tokens, and LQDR will autocompound them for you. They pay you out in LQDR, and allow you to lock LQDR for further rewards, based on protocol revenue. People are also excited about LinSpirit, which is too complicated to go into here now. Suffice it to say though, the token has an inbuilt yield, and has some utility.
(you get LP tokens when you provide liquidity to a pair of coins to a decentralized exchange. By doing so, you get a cut of all transactions you facilitate)
However, there is one caveat. LQDR is only worth something if you stake it within the revenue sharing vault for a period of time - locking it. The average time lock on LQDR right now is about 645 days.
This means that if demand stays the same, but the supply (willing sellers) doesn't exist - because it's all locked - you can get price moves like this.
I was aware of the move on December 29th (at $8!!) when I told a couple friends about it, but thought it was overbought so I didn't do anything. Turned out to be a huge mistake, but hey, it happens.
Going forward, im paying more attention to the ACTUAL supply / demand tokenomics on a lot of these projects. I'll leave the inflation theorycrafting to people with more time on their hands.
FTM at $3 resistanceThis may be a resting point for FTM.
Look for the classic squeeze pattern to form against the $3 range and then in a few hours after RSI and MACD recover, FTM should have more continued growth. Look to add during any draw backs because FTM has a long climb ahead.
cup n handlecup and handle spotted on the FTM chart. we're about to go parabolic --- unless BTC pushes us back down
Pivot Yearly predictions for FTM using hidden pivotsThis is a very basic but powerful trading idea published as part of my Crypto market analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $FTMUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
FTM zig-zag to $4.5 by end Jan?Possible FTM pathway on 4H chart for price to zig-zag to $4.5 by end Jan 22.
long FTM short SOLFTM good, SOL less good
The rest of this description is because Trading View is making me post a longer description. You can figure this one out yourself or ping me
FTM to 7$Some fantom hopium for you FTM anonz out there. Doesn't make sense to stay below 20 billion mcap.
FTMUSDT Many good news about FTM coming this Q1
Once we break the level, FTM should have a $20b market cap and with a price of $8 range
FTMUSD approaching resistance testFTMUSD needs to clear this resistance trend line or the next swing would be large. Given the range volatility of fantom, and if this wedge I've drawn is in play, the next swing would take us down around 40%. However, network adoption for Opera is skyrocketing. It passed $AVAX recently. The fundamentals so bull. All that being said, I'm very long on FTM.
#Fantom (#FTM) all time high next door - looking strong.Fantom (FTM) all time high next door - looking strong.
The last breakout is confirmed on RSI and OBV as well - very nice.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
FTM continuationffantom comfirmed breakout and retest blowing past TP 1 - 2.66
looks ready to flip it, i expect a tap of 2.8 to show signs of resistance.
2.66-2.7 could be entries but risky with better alts on the table
$FTMA beautiful retest of the neckline of the inverse heads and shoulders on $FTM. If you scale down to the 4hr chart, you'd see that price has formed a potential double bottom. I see the price reaching $3.61 soon. However, note that there's a lot of resistance ahead starting at $2.66
