It's not time to sell Fantom, yet... $1 soonFTM coin price will surpass the $1... More precisely as long-term savings
FTMUSD.P trade ideas
FTM intraday setupFTM inside falling wedge pattern,
short below resistance or at current price 0.4672
target at 0.4513
good luck
FTMUSDTThe roof of the channel will be broken soon. By breaking the ceiling of the weekly channel, the next target is 1 euro.
I have set $30 for FTM for 2024.
As long as we are on this channel. It is a good buying opportunity.
This analysis is for spot.
If it breaks, we will see $1 soon.
Fantom: A thing that exist only in your imagination!FTMUSD is a great opportunity to take profits!
Extraordinary Risk to Reward trade for a cryptocurrency that is favored by crypto experts fundamentally! around days which BTC potentially is experiencing last days before a sharp move!
Look at my old days BTC analysis and see how easy was to get a good profit out of short and long positions during the last 24 months!
What we see in the chart is a powerful OB+ and what we expect is a reversal!
FANTOM TO 1$ - +120%Like many other alts, FTM is going up to the 1.618 levels. I put two fibonacci extensions setups to find out possible target.
The 1.618 religion is back!
FANTOM - Boom! +150% Banked ✨In our last analysis, we identified we were in a correction were looking for a move up to complete wave B, subwave c. We are now nearing its completion and have banked over 150%.
We are now focusing our efforts on finding the reversal point for the next big trade. We have the fib levels falling in line with the recent highs.
Trade Idea:
- Watch for price to enter our reversal zone within the fib levels
- once there, look for rejection signs
- use trendline break or BOS for entry
- Targets: 0.17, 0.8, taper thereafter
Goodluck and as always, trade safe!
See below for our previous analysis.
FTM hit first targetFTM has hit the first price target for December of 43 cents, the bearish price target is marked as a dashed green. My second bullish target is the next dashed green level of ~53 cents. The supertrend indicator has maintained bullish since that low of volume. Volume is on a high uptrend along with RSI. This past CPI print could bring us to 1$ by Feb.
FTMUSDFTM could be interesting. After long time, it could go up. 0.19 usd is very important level. If it takes and hold, it will go very very up
#FTM/USDT#FTM
The price has been moving in a descending triangle since last February
The price gained support at 0.1730
The price is expected to break the downtrend at the current price
First target : 05160
Second target : 0.6555
Which represents 200% of the current price
With an oversold presence on the MACD
✅Thank you, for more ideas, hit 🚀 Like❤️ and 🌟Follow🌟!
#Ftm#Ftm
The falling wedge breakout has been confirmed, and a move towards $0.50 is expected in the near term.
FTM/USDT Assessing Bullish Breakout Potential?👀 🚀Fantom💎 Paradisers, turn your attention to #FTMUSDT as it presents an intriguing trading scenario. Currently positioned in a demand zone and having recently executed a Break of Structure (BOS), FTM is showing a strong likelihood of breaking above resistance and initiating a significant bullish movement.
💎 Reflecting on #Fantom market behavior, it has been adhering to a descending trajectory. Presently, it is approaching a critical resistance level at .4428. If the price respects this level, we might witness a pullback to the BOS level. However, a successful breakout could lead to a vigorous bullish rally, aiming to overcome a higher resistance level at $.6599.
💎 However, it's crucial to stay grounded in the volatile crypto market. #FTM traders should be prepared for multiple outcomes. If it faces challenges in breaching the resistance zone and loses momentum, shifting focus to a recovery strategy from the support level of $.2855 becomes essential.
💎 A decline below this support level would necessitate a strategic shift. This development would call for a reevaluation of the bullish perspective and an adjustment of trading strategies to adapt to new market conditions. 🌴💰
FTM breaking the fibFTM has broken the fib on the four-hour chart and awaiting a daily confirmation. Despite BTC dominance rising this is pretty bullish. The uptrend is apparent and the volume is much higher than the previous year's average. My short term bullish price target is still marked by the green dashed line. I updated the daily demand. Careful as this can easily break down when BTC corrects heavily and I expect that to happen soon. I am net long spot.
FTMUSD SIDEWAYS MARKET FTMUSD behaves as a sideways market so here I can place support and resistance to open both long and short positions at the same time.
FTM outlook dailyFTM is on an uptrend with the overall markets, including crypto & BTC. A trend line is forming towards a pivotal fibonacci level. This level will serve as resistance. My short-term target is marked with the dashed green line. If BTC falls or alts take a beating I am eying the dashed red or 28 cents as the first target. The most bullish scenario is abut 53 cents imo. RSI is on an obvious uptrend, along wit volume. All EMAs are curled upward, I think the trend continues, the momentum is there, I am long and have been with spot FTM for a while. I added a demand for context, it is small so not much support.
Echoes of Prosperity: FTM's Ascent to $380 in the Next Bull RunDrawing from the rhythmic patterns of the past, our analysis delves into the potential of FTM's price trajectory in anticipation of the next bullish wave. By meticulously overlaying historical price behaviours onto the current market canvas, we've unearthed a compelling scenario where FTM could ascend to the remarkable height of $380. This projection isn't merely speculative; it's grounded in the cyclical nature of digital assets, where previous peaks and troughs often carve the path for future surges. Join us as we chart the course of FTMUSD, exploring the signposts of history that could illuminate the road to a lucrative zenith in the cycle ahead. Our chart idea doesn't just capture a price target; it's a narrative of potential, market dynamics, and the echoing momentum of FTM's previous accomplishments.
The FTM chart is amazing!The FTM symbol is inside a very large structure. Wave C of this large structure is a diametric, whose sides I marked with dashed lines. Now wave e is ending and we are entering wave f.
The Fibonacci on the chart is the ratio of wave A to G of the diametric pattern that I marked with a dashed line, and it is expected that wave G will end in this area in the future.
We expect the completion of the drawn movements from the FTM as shown.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Fantom – Channel BreakoutFantom is in a downtrend since February 2023.
Fantom’s PA created a descending channel, with the 50D EMA acting as additional resistance.
Today (October 23rd), FTM broke out of the channel and formed a bullish ChoCh.
Fantom presents a long opportunity. IMO, you should consider the following factors:
Pros:
1. FTM is above the 21D & the 50D EMAs.
2. Channel breakout.
3. FTM is above the immediate resistance level of 22 Cents.
Cons:
1. the daily RSI is elevated. Daily RSI is at 74. I am not sure it can support continuation without a pullback.
2. The channel resistance line was not tested as support.
3. the 22 Cent level was not tested as support either.
4. Fantom made more than 25% gains in five days. This pace is unsustainable.
Suggestion:
Wait for a pullback. A pullback will confirm the trend and show us where the support is.
Possible Trade Ideas:
Trade Idea 1:
• Entry: 0.21 (ChoCh line)
• SL: 0.19 (just below the 50d EMA)
• Target: 0.31(weekly resistance)
• TP: 0.26 (200D EMA), 0.31
• R: R: 1:3.8 to first TP.
Consider leaving some on the table. FTM could go much higher.
Trade Idea 2:
• Entry: 0.22 (local s/r flip)
• SL: 0.205 (ChoCh line)
• Target: 0.31(weekly resistance)
• TP: 0.26 (200D EMA), 0.31
• R: R: 1:2.8 to first TP.
Consider leaving some on the table. FTM could go much higher.
NFA.
What do you think? Please share in the comments.
Best Wishes.
