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FTM Perpetual Futures Contract

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FTMUSD.P trade ideas

Fantom “Big W” Pattern developingI absolutely love it when we can discard more complex names for chart patterns, like the Bump and Run or ascending inverted scallops for more simplistic names. The Big W looks like a big W. And Fantom looks like it is in the second low of a big W. My source material for the Big W is Bulkowski’s The Pattern Site and I use his lettering system. TL:DR at the bottom. www.thepatternsite.com The Pattern and Trade The Big W is identified by its steep fall to target and then a rise that is at least 10-20% of the low. Because we are looking at crypto we have a Point D that is over 200% above the low at B. The uptrend is provisionally supported by a bullish MACD cross below zero. I always like to visualize the MACD EMAs and we can see that price has gotten above the short span and is sandwich between it and the long span. Given my assessment on the macro crypto environment I suspect a quick move to D is very likely. As a somewhat aggressive trader I am in my position now. A more cautious trader enters when price gets above point D. A 15x (non-margin) on this trade would suit me rather well. I don’t want to assume to much what I will do when price returns to the A level. I may rotate fully or partially this stack into another promising project or I may just hold. About Fantom Quite frankly the thing I know most about this project is the chart looks amazing. I am looking at layer 1 projects but everything else is noise to me if the chart looks bad. Fantom tries to solve the trilemma by using be asynchronous Byzantine Fault Tolerance? Great. Don’t really understand, the chart looks great. It uses Lachesis to be asynchronous Byzantine Fault Tolerant? Great, the chart looks good. They have Defi and GameFi. Great! The chart looks good. fantom.foundation A bit more seriously, I know that Fantom NFT platform atrion (artion.io) uses chainlink as an oracle, which is nice given my interest in chainlink (my most recent idea was on link). You can link your metamask or Coinbase wallet and pay for your fantom NFT with other currencies and chainlink sets the exchange rate. Pretty neat. Sidenote: I have never bought a NFT. There are some “waifu” NFTs on atrion and I am not sure what negative emotion best describes the idea that someone would buy a image of a waifu. I certainly am not spending money on one. But there may be some money in it for you if you want to. I know it has fast finality and relatively high through put, and smart contracts. Probably why the chart looks so good. Also, this is a relatively low market cap coin. It is not advisable to try and put on large amounts of margin or large market buy orders. You may very likely find yourself in a buy way above your intended price as you draw up the available liquidity. If you do that in a margin account you can quickly blow yourself out. TL:DR The chart looks good, come help pump my bags. We are all going to make it.* *Not financial advice. I am not a financial advisor, and even if I was, I am not your advisor.
BINANCE:FTMUSDLong
by This_Guhy
9
Fantom (FTM)Fantom needs no introduction, a popular project which maintained its usefulness as well as high trading volume. After FTM price skyrocketed, a corrective wave started which seems ended at 0.382 Fibonacci retracement. The 0.382 area is a strong and important one since it was able to supported price several times; if this area breaks downward, for any reasons, the grey line below can come to rescue. Anyway, it seems an upward impulse wave has started and currently price consolidating in a triangle shaped pattern. If price breaks this consolidation area upward it means continuation for the impulse wave. Let's see what happens.
BINANCE:FTMUSDLong
by SaeedSalehinia
FTM Eyes 70% Hike Overnight Jump: FTM price has experienced a significant overnight increase, maintaining its position above the 23.60% Fibonacci retracement level. Bullish Engulfing Candle: The appearance of a bullish engulfing candle indicates strong underlying bullish momentum for FTM. Price Projection: If the current uptrend continues, the FTM price could potentially reach the $1.75 mark. Market Capitalization Growth: Fantom's market capitalization is nearing the $3 billion mark, signaling a bullish trend for its native token. Reaction to Bitcoin's Volatility: Despite the overall market weakness and Bitcoin's price dip below $70,000, FTM has shown a significant jump, raising questions about its sustainability amidst rising BTC volatility. General Market Sentiment: There is an optimistic market sentiment projecting FTM's price sprint to $10 within the year. Trend Reversal and Performance: Visible trend reversal in the weekly chart, indicating a significant upside potential. The price has seen a 462% increase over the last 175 days, crossing the $1 mark. Current Price Status: Despite a recent 18% drop over two weeks, FTM is trading above $1, currently at $1.0298, with an intraday increase of 1.11%. Technical Indicators: The weekly Relative Strength Index (RSI) remains in the overbought zone, suggesting a strong demand for FTM. Daily Chart Analysis: A bullish reversal from the $0.8197 mark (or the 50-day EMA) has been noted, with the coin now showing a 5-candle bullish streak, indicative of a rounding bottom reversal. Optimistic Outlook: Should the buying pressure continue, FTM's uptrend might reach the $1.75 mark, corresponding to the 50% Fibonacci retracement level, suggesting a 70% upside potential.
BINANCE:FTMUSDLong
by Coinpedia-Market-Insight
FTMUSD support and resistance Hi, welcome to my Fantom analysis Today we have 3 level support, Support 1 are previous higher low at fibonacci 0.382. If 0.9242 able to hold bearish movement, our target at 1.2289 with 33.75% profit projection Support 2 also as strong support, becuase this level are fibonacci 0.618 support and also previous strong support. If this level hold bearish, our target at same level as target 1, with 69.25% profit projection Support 3 are the last support for Fantom. If this level stop bearish movement, target at 1.2289 with 136% profit projection. I will update more about Fantom if I get a new key level or a new pattern.
BINANCE:FTMUSD.PLong
by AzrulAzir
5
FANTOM - Bulls Are Done. Bears Coming In!Following on from our last analysis of Fantom, we closed our long setup with over 200% gains! We are now looking to take Fantom short. On the higher timeframe, we are in wave 2, which is an ABC correction. We are now looking for wave C to take Fantom down. Trade idea: - Safe entry on break of red trendline - risk entry on lower timeframe trendline break - tight stops above the highs when either entry trendline breaks - Targets: 0.17, 0.07 Please note that we have confirmations in place in order to tell us whether we're in wave C and to confirm our short idea. Goodluck and as always, trade safe! See our previous setup below:
BINANCE:FTMUSD
by WicktatorFX
10
FTMUSDT.PCertainly! Here's a description for FTM USDT.P: --- **FTM USDT.P (Fantum USDT Pegged)** FTM USDT.P is a groundbreaking cryptocurrency designed to bridge the stability and reliability of the US Dollar Tether (USDT) with the innovative Fantom blockchain technology. This digital asset serves as a vital bridge between traditional finance and decentralized ecosystems, offering users the benefits of both worlds. Powered by Fantom's lightning-fast blockchain infrastructure, FTM USDT.P ensures swift and cost-effective transactions, catering to the demands of a rapidly evolving digital economy. Its integration with the USDT stablecoin provides stability and mitigates the volatility often associated with traditional cryptocurrencies. **Key Features:** 1. **Stability:** FTM USDT.P is pegged to the value of the US Dollar, providing users with a secure and stable medium of exchange within the decentralized finance (DeFi) landscape. 2. **Efficiency:** Leveraging Fantom's high throughput and low-latency consensus mechanism, transactions involving FTM USDT.P are processed swiftly, enhancing user experience and facilitating seamless transfers of value. 3. **Interoperability:** FTM USDT.P is interoperable with a wide range of decentralized applications (dApps) and platforms within the Fantom ecosystem, empowering developers and users to explore diverse financial services and utilities. 4. **Transparency:** Built on blockchain technology, FTM USDT.P ensures transparency and immutability of transactions, fostering trust and confidence among its user base. 5. **Accessibility:** As a digital asset, FTM USDT.P offers global accessibility, enabling users worldwide to participate in decentralized finance, remittances, and cross-border transactions with ease. **Use Cases:** - **Remittances:** FTM USDT.P facilitates instant and low-cost cross-border remittances, empowering individuals and businesses to transfer value globally without intermediaries. - **DeFi Applications:** FTM USDT.P serves as a cornerstone for various decentralized finance applications, including lending, borrowing, yield farming, and decentralized exchanges (DEXs), unlocking new avenues for financial inclusion and innovation. - **Commerce:** Merchants and businesses can accept FTM USDT.P as a reliable payment method, benefiting from fast settlements and reduced transaction fees compared to traditional payment networks. **Conclusion:** FTM USDT.P represents a significant milestone in the convergence of decentralized finance and stablecoin technology. With its unparalleled speed, stability, and interoperability, FTM USDT.P is poised to catalyze the mainstream adoption of decentralized finance, offering users worldwide a robust and efficient alternative to traditional financial systems. --- Feel free to adjust and customize it further based on specific details or preferences!
BINANCE:FTMUSD.PShort
by silarock123
FTM USDT 27% PROFIT TARGET READ DISCRIPTIONCertainly! Let's break down the potential trade setup for FTMUSDT: 1. **Market Analysis**: FTMUSDT is currently positioned within a buying and demand zone, typically areas where significant buying interest exists. Additionally, it's identified as a reversal zone, suggesting a potential change in the direction of price movement. This zone ranges from 0.94 to 0.97, indicating levels where buyers are likely to enter the market, potentially leading to a reversal in the downtrend. 2. **Price Action Analysis**: The price action analysis reveals that FTMUSDT is within a buying zone and forming an ascending triangle pattern. Ascending triangles are bullish continuation patterns characterized by a flat upper trendline and a rising lower trendline. This pattern suggests increasing buying pressure and potential upward momentum. 3. **Trading Conditions**: To initiate a trade, specific conditions must be met. Firstly, a bullish candle breaking above the upper trendline of the ascending triangle acts as a signal for a potential bullish breakout. Secondly, confirmation of the breakout occurs when the accompanying volume surpasses the moving average, indicating strong buying interest and supporting the validity of the breakout. 4. **Profit Target**: The profit target for this trade is set at 29%, indicating the desired percentage increase in price from the entry point. This target reflects the trader's expectations for the potential upward movement in FTMUSDT following the breakout from the ascending triangle pattern. 5. **Risk Management**: Alongside profit targets, implementing effective risk management strategies is crucial. Traders should consider placing stop-loss orders to limit potential losses in case the trade moves against expectations. Additionally, monitoring the trade closely and adjusting positions as necessary is essential to manage risk effectively. 6. **Market Psychology**: Understanding market psychology is key. The presence of a buying and demand zone, coupled with the formation of an ascending triangle pattern, suggests increasing optimism among traders. This optimism could further reinforce the bullish momentum if prices start to rise, potentially attracting more buyers into the market. 7. **Flexibility and Adaptability**: Traders should remain flexible and adaptable in their approach. Markets are dynamic, and unexpected events can occur. Being prepared to adjust strategies in response to changing market conditions is essential for successful trading. In conclusion, the trade setup for FTMUSDT presents a compelling opportunity based on a combination of technical analysis, price action, and market psychology. However, prudent risk management and continuous monitoring of market conditions are essential to navigate the trade effectively and maximize potential returns.
BINANCE:FTMUSDLong
by MOAZAM1133