Fantom running in wave 2Hello
I see Fantom running in wave 2
What is your counting
What do you think about it
FTMUSD trade ideas
FTMUSD ❕ Sharp declineAfter falling 16% FTM jabbed at the support level, where the level below was sharply redeemed.
Volatility began to decline.
I expect that with further decrease in volatility and price fixation above the support level we can correct to resistance levels.
FTM Analysis - How Low Can It Go?Hello Traders!
This analysis for FTM was done at the request of one of our members. I was actually quite Bullish on this crypto last year long before the leader left and chaos ensued.
So where is price headed?
- To be brutally honest... This is one of the worst charts that I've seen in a while. I can't find a single Bullish indicator anywhere on the chart. I actually think FTM could be trading around 0.20 or less by the end of the year and I'm serious about this.
- In the short term I would like to say I think it could bounce considering it's at a support level and has come into this level quick (indicator of potential bounce) but this crypto has underperformed so much that even when a bounce setup occurs it blast through the level and continues lower.
***I really don't have much to say regarding this crypto, if it was me I wouldn't put a single penny into FTM. It's done nothing but trade down with the exception of a couple bounces but aside from that this has got to be one of the worst performing coins in Cryptoland.
- For anyone holding FTM, I'm not trying to be abrasive, I'm just giving my honest opinion.
***I suppose you could short FTM but I would caution against shorting period unless you are experienced.
***Let me finish by saying this...
- If you are HODL'er of FTM, I would think very carefully about your plans for this crypto. The probabilities of you continuing to lose money with FTM are VERY high especially considering BTC is projected to hit $20K in the coming months.
- Personally I learned the hard way and had liquidated my account on several occasions when I first started trading. I left my money in cryptos like ADA, holding on because my emotions told me to. There was no logical reason to it, the charts said otherwise but I was attached to it and couldn't bare taking that size of a hit. In the end I lost all the money invested and learned the lesson of what happens when you allow your emotions to dictate your trading decisions.
- Lastly, I don't know if anyone reading is in this particular situation, but either way it's a good lesson to be learned. Charts like FTM will undue months if not years of work saving money to invest.
That's all, thank you everyone and best of luck trading!
BEARISH SETUP ON FTM 30/04/2022 !!!!!!!!!!!!Crypto is struggling to break through key areas to flip the sentiment to bullish.
I follow what I can see on the charts and not the noise (hype) on platforms such as twitter and YouTube. (seeing is believing)
Bearish conditions means bearish confluences and we saw this on FTM a couple of days ago,
we had break of support and retest on the 25/04/2022
Bearish Rectangle formed
Increase in Bearish Volume
Rejection off the 50EMA
Rallie Candle at Resistance of Range on 1H
Using the Fib Extension tool from a local swing high - swing low - end of rallie, we ended up taking 15% from this trade (no leverage)
FTM Parallel Channel Exit to $2FTM is supported by the RED trend line and is trading in a parallel channel.
Once the channel has confirmed exit. Profit Target is at the MA 200/50% retrace at $2.
Good Luck
Poker Hands Relating To Trading (((FTM APRIL 2022)One major similarity between poker and trading is that they both involve incomplete information. A poker player may have a strong hand, but he or she is still not 100% sure of what cards other opponents hold. The same thing applies to an investor/trader who may predict a good return but may not be 100% of it. So, decisions in poker and trading are often based on incomplete information.
Once the market has dealt the hands (provided us traders with information of market behaviour) we can play the hand, stronger the hand the higher the probability of the trade becomes.
How much do we want to risk ??
With due diligence, we need to know the EV+ ( Positive Expected Value) and RMultiple expectancy and with this information we can assume a 60-70% chance of making money and now its up to how much we are willing to risk on the trade.
Risk Management
Position size of £100 with a 10x leverage = £10.00 Risk Per Percentage
With a 2/1 RR, the Reward Per 2% = £20.00
Fantom #ftm in daily chartin this chart we can see a strong support zone and in this area, a long position could be profitable.
entry point: green box as shown on chart
Stop loss : 18 % belo the EP.
Take Pforfit : ~100 %
FTMHello everyone, if you like the idea, do not forget to support with a like and follow.
FANTOM STILL IN THE BULLISH PATTERN.
REMINDER: THIS IS NOT FINANCIAL ADVICE
Elliott Wave Analysis: Cryptocurrencies Can See Deeper PullbackHello everyone.
In this video, I will talk about cryptocurrencies, in which will cover Bitcoin miners' outflow who were massive lately, so miners want to sell or exchange bitcoin for something else. At the same time, I see an even "strong" Luna now in the late stages of an uptrend. It appears there is a chance for a deeper pullback on cryptos.
If you like the video, please press a like button below or leave a comment below.
Thank you.
Enjoy your weekend.
GH
FTM/USDT - LONGDeadcat or a genuine bullrun do we have here?
First TP would be the white arrow then reassess from there. BTC looking like it can run 64k form here.
Safe trading all
Fantom GOING BULLISH!! 🚀🚀💣💣BINANCE:FTMUSD
Fantom will provide you significant gains these coming months!! 🚀 🚀 🚀
For a steady profit set your take profit limit @ 15% on your entry
Don't follow others advice but follow technical based analysis!
- David van Delden
Next Level Quantum Trading - www.financeimperial.weebly.com
Fantom in descending wedge scaring away all evils 👻💀The price is in an interesting region on the Pitchfork fork.
And MACD is confirming uptrend.
A good time for entry I believe is at 50% of Fibo correction.
The uptrend will expand upon breaking above the wedge.
Against Bitcoin, the asset is also at an interesting moment.
We had a rejection of the last support breakout, and consequently a diagonal resistance breakout.
FTMUSD (4H) Bullish Wave We2Hi Traders
FTMUSD (4H Timeframe)
A Med-High probability, entry signal to go LONG will be given with the upward break of 1.620 after the market found support at 1.510. Only the downward break of 1.510 would cancel the bullish scenario.
Trade details
Entry: 1.620
Stop loss: 1.510
Take profit 1: 1.780
Take profit 2: 1.950
Score: 6
Strategy: Bullish Wave We2
FTM PUMP 15/03/2022 FTM has dropped 50% since 02/03/2022 after key personnel associated with its project announced departure, this has left FTM near an area not touched since 09/21.
Looking at the 6H chart, we have Bullish Divergence + Hammer Fractal (currently this is still Subjective until a clear break in Market structure)
As the market has overextended to the downside - an automatic rally was very likely.
As a trading idea, price would need to be > $1.30s as this would clear a key level and the 50ema
I am early in my development in charting, any tips to improve would be very helpful - Many thanks :)
Ftm longJust a long position for ftm, used some trnd analysis on this and hopefully it hits entry and take profit.
FTM/USDFantom flirting with a breakout in momentum as well. Keeping a close eye on it. Macro target aims for $30.
FTM ready to push higherFTM is squeezing against resistance at the 4H MA200. That should break soon causing an impulse to the parallel channel between $1.65 and $1.70 over the next few days.
Good Luck
