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FTMUSD trade ideas
Possible FTM bounce backFTM has seen heavy sell pressure. I believe this could opportunity for Long as it reaches major Support. Please do note we have another support at $1.15.
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Possible Falling Wedge setup on $FTMKeep a close eye on falling wedge setup. If $BTC flips bullish over 40K. I fully expect a move to $2.50 on $FTM
FTM Long IdeaFantom has the highest rising TVL in Crypto. Just a matter of time before we see $5 and above in the future. Short-term, long as it holds bottom of trendline, it should retest the top at $3
Trade Idea On Phantom (FTM/USD)Crypto is still in Bearish conditions - FTM has rallied nearly 60% from the Swing Low but failed to hold above the 100ema.
This is an Area Of interest (AOI) for a short set up.
Confluences (Ideally looking for 3+ confluences to enter a trade)
Price Rejected POC VALUE
Key Area acting as Resistance
Shooting Star candle
Price rejected the 100ema
Educational purposes only (hopefully providing traders ideas)
BINANCE:FTMUSD
FTM PERP IDEAFTM is declining to our support at 1.31 should that floor hold we could see BULLS come in and take this to 2.98 area or 3.32
fantom Mid-term downtrendMid-term downtrend ↘️
🏴twin roof Range flag poleback points 🔛1.14 - 1.36
Best price for Hold 0.38 - 0. 40 🌹
twin roof Range flag 🏴Mid-term downtrend ↘️
🏴twin roof Range flag poleback points 🔛1.14 - 1.36
Best price for Hold 0.38 - 0.40
FTM long formed a double bottom on the pull back and bounced off support. taking profit 2.02 SL 1.86735
FTM/USDT - Potential 76% SetupHello Traders!
This week the market put geopolitical risks in the price. Many assets are corrected locally with a renewal of minimums.
It is possible to look for purchases of FTM in the range of $1.48 - $1.68. It will be necessary to close the deal by a stop-loss only in case of renewal of the minimum at $1.25
Targets of short-term purchases will be price levels of $2.43 and $2.96
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
FTMUSD exit from trendWe exited the wedge to the downside. I wish I could say I was surprised, but I suspected there's enough negative news on Ukraine - Russia and the US/Nato's tepid response that it would sway the total market. Uncorrelated markets correlate more often than they don't, funny enough. At any rate, hope rebound from a potential double top on long time scales.
BEARISH TRIANGLE ON FANTOM (FTM/USD)Fantom has been consolidating within this triangle for 29 days and today it looks to be confirming a Bearish Triangle (I have attached an image for reference)
The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market.
Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!!
"Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
FTMUSD wedge still in playThis wedge has been playing out consistently for months. This means we should dip below $1.60 before the new bullish swing begins. Overall volumes are declining, and technical indicators are near the bottom (RSI, AO, on-chain, etc.)
FTM Possible Reversal zoneshighest probability area for a bounce would be the weekly supply zone level from 1.30-1.40
Get ready for the pump FTM 80% updsideDescending triangle about to break. We need a strong green candle.
Key levels approaching for FTM Some key levels directly ahead for FTM... Hold? or back to Goblin Town? Likely have to get a wagon to pull around my bag for awhile...
FTM USD - Potential Wyckoff Accumulation PatternFTM USD looks to be creating a Wyckoff accumulation schematic.
Price is currently showing signs of putting in a "spring" and we could expect to see one last test of the lower level of horizontal support which is where I am aiming to take an entry. Aiming to take profit at the top of the range.
Headed to Goblin-town? Not alot of option left on the table for $FTM... UP or a one way ticket back to Goblin Town... Bummed
