FTMUSD.P trade ideas
Bearish. FTM USD chart looks like it is forming a head and shoulder's on the daily chart. If bitcoin decides to drop, it drags alts down with it. Bitcoin has a decision to make in the next upcoming days to determine if an uptrend is still valid therefore the market reverses up, otherwise we could see downside. The dollar is pushing up since the feds are going to raise interest rates to fight inflation. The market sentiment is bearish as well, but this can change in a heart beat so it is not a major factor. Finally I remain bearish untill bitcoin closes above 53k and FTM closes above 2.66.
FTMUSD long termTHIS is a long term consolidation pattern. If true, more pain ahead. I'm long now, but if we push down I'm going to wait until we reach $1.60, then fill my bags so freakin full oh lawd. Don't get me wrong. I very much want this to be wrong, as I'm deeply invested in $FTM, but I'll take the opportunity. Based on these cyclic lines I've plotted, this pattern could play out by end of January. This is also if FTM decouples from the rest of market, as it did when it ran the last bull run.
FTM Long ~1.9-1.8
FTM looking very strong, I expect this downward trend to continue for a bit. FTM had one hell of a rally previously, its realistic to have a cooldown.
FTM Short - Added more to position, but not other shorts. In my previous few ideas I entered short into FTM, today I have added further to this position.
I am also short AVAX and LUNA. But why haven't I added more short to those 2 but I have to FTM? FTM still looks like it has 10-15% drop to horizontal support and even further to major trendline support. AVAX is at a confluence of levels and LUNA is quite close to major support. So overall I'm adding to the position that has the best risk to reward for a) taking profit and b)not getting stopped out.
The aim of the game with shorts is to be safe, critical of entry and exits, and to not will the market to do something. Take the profit that is given and be patient. If you exit short, that should indicate your long entry.
FTM breaking to the downside!Here we go $FTM lovers!
Unfortunately FTM formed a bearish flag and broke out of it to the downside and this suggests even more downside, especially as the whole market is very weak, and macroeconomic context is not too bright.
Bearish elements that are coming together:
1/ We have a lower high
2/ The rejection happened at the EMA
3) We have a bearish flag which broke to the downside
3) RSI is moving to the downside looking for a new low.
The best case scenario would be that we get a bullish divergence around 2$ followed by a impulsive move up.
FTM - Portfolio value saviour - Andre Cronje to the rescueFTM - Portfolio value saviour - Andre Cronje to the rescue
The supporting smaller cap project to buy alongside this is BOO, or you could also take a riskier bet (imo) on SCREAM the lending platform for FTM. Both have good TVL/market cap ratios.
Don't worry Andre will save us.
Lets see how this fractal goes. Very similar (identical) momentum structure; look back to aug 21 to see where this fractal comes from.
Please note the altcoin market cap chart is lookin pretty fuckin dicey right now so I'd be careful overall.
Good luck to us all. God speed.
FTM WedgeFTM is consolidating after run in this descending wedge pattern.
FTM could find support at 3 areas: wedge boundary, pitchfork median line or fib - all right around the same level.
Watch for confirmation of breakout and price action (or lack of action) from BTC.
FTMUSTRegardless of the information within the network and based on the technical analysis, you can expect $ 17
FTM Short - I like this project, however it looks a good entryFTM - A Fantastic, scaleable solution with better transactions, speed and breadth then ETH. I truly think this will be a Top 5 coin in the future.
However, right now it does not present a good opportunity to enter. I have entered short at 2.7. It has held it's trend well recently but is overdue a correction. If it follows the rest of the market then this will break its upward support and fall down. The R:R is good here compared to many other cryptos which have already fallen dramatically.
Elliot wavesIn this example.
We could to see the waves 12345 and correction ABC et the big waves in blue. :)
It is necessary to correct all this increase of 221k%
FTM diamond topThis is a short term analysis of FTM. FTM failed to break the previous high on its uptrend it recently started and is due for a correction. With that we have what looks like a diamond top on the shorter timeframes. If this plays out the target is the 2.25-2.40 range.
*NOTE* Long term analysis looks quite bullish on FTM however.
This is not financial advice and, as always happy trading!
Lets try it #FTM !!We are seeing a Strong Long for $FTM so we are waiting for the price going up with the Trend and we hope we will se a ATH, if not we will see FTM at $2,50.
Lets wait and see the price then open a position.
FTM finding supportFTM has completed the 1H IHS and is now trading within the pitch fork.
Before hitting the median line, FTM needs to flip the WHITE resistance line into support. But after the S/R flip is complete, the ATH should come really quick for FTM.
Good Luck
Junior blockchains are on a rollJunior blockchains like Polygon (MATIC) Cosmos (ATOM) and Fantom (FTM) show exceptionally strong performance, while the broad crypto market has pulled back quite a bit.
Which one will be the next Etherium?
ichimoku trade : long positionbreaking the cloud,green cloud in future,free laggingspan. best situation by ichimoku
buy at 2.40$
stop loss: 2.07$ and if it rise it would be kijunsen.
LONG FTM 2.78 TARGET 3.2 and 3.7the stoploss is at 2.60 which is yesterday's target, if price turns back from here we could get an extension down. The overall structure is bullish. I've just checked the 2 hrs time frame it shows that the bounce happened at its 38% which is a sweet zone for bounce. MY reasons to play long is that there's more growth opportunity than the decline probabilities from here. Yesterdays downfall was almost expected and quite violent, it was needed to shakeoff a few noobs which were long and induce a bear mindset, this is how the market gets you shorting the bottom while it goes slowly and steadily up. Yesterday we shorted the top now we long a bounce, it's the most probable trade to do
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FTM SHORT FROM 3.10 TARGETS 2.7656 , 2.653 and final targets 2.6This trade is a pullback to be traded on the 30 min time frame not 5min; it's a pullback trade so be cautious and just set the profits as mentioned in the title. my leverage X7 on ftx
FTM SHORTWe are expecting the price to get rejected at the resistance therefore it could be a good entry price for a short position.
FTM recovered very fast but we believe that it´s time for a pull back now as also RSI is overbought
We recommend a short position with a stop loss
No financial advice
FTMUSD Fibonacci correlationsIf we count $2.48 as the first complete move, this current high of $3.16 is the 1.618 extension. This total move accounts for 150%.
$2.89 is the .618 Fibonacci ratio for the move from 1 to 1.618. This is also where the last high volume cluster of volatility occurred. If we pull back here, I’ll be eyeing this range as the next support zone.
