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FTMUSD trade ideas

FTM LongFTM is currently testing resistance at $0.71 as it enters a price discovery phase. The chart forms an early-stage symmetrical triangle pattern accompanied by positive momentum indicators. This pattern suggests a period of consolidation, where the price is likely to move sideways within a narrowing range. The 200-day moving average is acting as a key level for a potential breakout, while the MACD suggests an imminent surge. Given these factors, the outlook for FTM appears bullish, favoring long positions. Support - 0.62 Resistance - 0.76 RSI - Neutral Fear & Greed Index (Binacne) - 48 Neutral Fundamental Analysis: Fantom's approaching transition to the Sonic platform creates positive investor sentiment and contributes to its recent price appreciation. This EVM-compatible upgrade promises enhanced transaction speeds exceeding 10,000 TPS and includes a substantial airdrop of S tokens for existing FTM holders. Given these developments and the improving market landscape, analysts project that FTM may outperform significant cryptocurrencies like Bitcoin and Ethereum in the coming quarters, potentially positioning it as a notable player in the evolving blockchain ecosystem.
BINANCE:FTMUSD.PLong
by LOWCO_487
Head and Shoulders with price retestA drastic dip occurred with week buy action. FTM value has been reset to the low 0.60 zone. I expect a price bounce from the head and shoulder retract. I called a head and shoulder earlier this week on the XRP chart, and FTM has also followed that trend. 20MA and 200MA are still playing the break for all long positions. The moving average holds uptober excitement, but we will have to wait and see if it will hold strength and value next week. Support - 0.56 Resistance - 0.65 Momentum - Low Volume strength - Sell Fear & Greed Index - Greed (73) Fundamental analysis—With new price discoveries, it has been a rough week for all cryptocurrencies. I've noticed that the world crisis events will determine crypto price bounces. A lot of selling occurred with whale accumulation.
BINANCE:FTMUSD.PLong
by LOWCO_487
FTM update pushing momentumFTM is hitting the momentum Fib, the ever important signal of strength and momentum in my opinion. My late November target still remains pictured as the circle. There is moderate resistance around the next Fib but a wide range after that. The weekly stochastic might need a bit of a reset but the daily is just getting started. I would love a confirm above this Fib here, and then a pullback to build support above it. Short- Term = a test of 85 cents Mid term- my target Nov 11 =1.3$
BINANCE:FTMUSD.PLong
by Apollo_21mil
Fantom Inverse head & shoulders to reclaim last six month lossesGood afternoon Lads, The last six months have been very painful. I have been buying more and more crypto but my account goes lower and lower as things find their bottoms. But my total stack of crypto in terms of unit of account has gone up. There hasn't been much to post. But now I have a reversal structure in the shape of an inverted head and shoulders. So far this pattern has developed over around 70 days and its pretty close to the neckline. This is basic charting and Elliot wave theory. Price had an initial uptrend. This creates an opportunity for profit taking and a pull back. We can see that in the ABC correction. We have completed a reversal pattern around what use to be previous resistance (the black triangle). In short order we should see the price of fantom double. That is almost cute compared to what we are looking for in the long run. Here is a Fibonacci extension our current impulse and correction. Hitting 1.618 and 2.618 targets is standard long term targeting. That is an 11x then a 90x if you have strong hands Those targets become cute themselves when you look even further out. In a year, when things seem to have gone absolutely crazy and crypto and the world has lost its mind I expect to see fantom up there over 700x. I expect massive and vicious pull backs on the way centered on the 0.618 and 0.786 levels. But that won't matter to me. I will have reached my financial goals way before then. 54 weeks are left in the cycle. The longer we go sideways after the halvening the better I see the upside being.
CRYPTO:FTMUSDLong
by This_Guhy
2
Fantom: Come Back!We primarily expect a return into our orange Target Zone (between $0.3220 and $0.1866) before the orange wave v and thus the green wave comes to an end. After that, a sustained rise above the resistance at $0.54 should occur. However, as the price had already approached the range, the technical minimum requirement for the correction low has already have been met. Should we now see a rise above the resistance at $0.54 (33% likely), we will thus have to see the price in the orange-colored wave alt.i.
BINANCE:FTMUSD
by MarketIntel