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FTMUSD trade ideas

FTM. POSSIBLE PULL BACK IN THE MAKINGFTM has only been under the 200 moving average on the 4 hour chart one time in the past. we made a few re-tests, but failed. We are below it again, and failed the first re-test. It could start to trend down to my purple support trendline, and we could be seeing a bounce in the 1.80 area. If we break the purple support line, we can find further support in the 1.56 area. Next support levels are 1.26, and 0.96 areas we also have resistance in the 2.44 area
BITFINEX:FTMUSDShort
by Bull-Flag-Buyer
1
FTM short after retraceFTM has been on a steady downtrend, and is looking for a new leg up, not only technically but also fundamentally. A lot more users are starting to discover the possibilities of the FTM ecosystem. Presuming that the trendline from ath is respected then we can see FTM reach the $1.8 zone which is an optimal place for longs. Watch for rejection from the support trendline (red dashed) and keep tight stop loss. If we get confirmed breakout from descending trendline (red) Raise stop loss to breakeven. Depending on whether the overall market is bullish support should hold, but with the current situation a shakeout is possible.
BINANCE:FTMUSD.P
by nirrex
My Coin of the Year 2022 - FantomHey Trader, Today I want to introduce you to my favorite Crypto Pick for the Year 2022/2023 - Fantom. I'm a purely technical trader, I indeed am interested in fundamentals since I am very interested in economics but the key for my decision is always the chart. The Chart on Fantom looks just amazing. As you can see I use Elliot Waves for my technical analysis. In this case we have already printed wave 1 and 3 which leads to our last Wave of the first Cycle - Wave 5. What's really interesting here. is, that our Wave 1 and Wave 3 are very similar in length, which leads to the conclusion that our last wave has to be longest. Usual targets for an extended fifth are in this case either the length of wave 0 to 3 or the 162% extension of wave 1 to 3, which leads to the target of around 3500 $. Based on this knowledge I see high chances of FTM to become one of the best performing Cryptos for the next year. Let me know what you think. This is no financial advice, just my technical opinion and view. RT
BINANCE:FTMUSDLong
by RT_Trading_
8
FTMUSD signal convergenceFTMUSD telegraphed current market conditions with a convergence of signals. The black line indicates the day we could safely make a decision with proper risk management, by making sure we wait for patterns and signals to completely mature before making a decisive move. 1. On 17 January 22 FTM was trading above $3.00. That day it reached a local all-time-high, meaning on this particular time frame of a few weeks. The resistance trendline formed by price action (1) shows an uptrend. However, all of my other indicators signaled an imminent failure. 2. Volume was in decline (2). Old school traders used to say wait for volume confirmation, though I see that less and less now. However, in this context, volume is confirming a weakening of purchasing. You can then see, right of the blackline, an increase in selling to present. 3. The relative strength indicator (RSI) showed two signals. A bearish divergence illustrated in the trendline, which is also a failure swing. RSI has been extremely useful in FTM and SPELL recently and I've watched it very closely. 4. The awesome oscillator (AO) showed a bearish "twin-peaks", which diverged from the price action as well. This demonstrated again a weakening in total momentum. Using all these indicators to back a theory has become a cornerstone of my charting. Price action alone may not have telegraphed this movement, and if you combine that with good money management principles you could trade this. As an investor (long term holder with staking and farming yields) this tells me when to save cash for discount prices. In addition, in tells me not to rely on yields from liquidity pools that are pegged to this asset. Perhaps, if you were so inclined, this would have been the time to rotate liquidity pools to stablecoin farms, or other strategies.
GEMINI:FTMUSD
by Aps3
FANTOM ECOSYSTEM (Request)- FTM is one one of the big winner in this bullrun, the price seems low in price, but i checked many indicators and noticed that FANTOM was bullish 80% of the time. What is the Fantom ecosystem? The Fantom Foundation is building a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies. Fantom is a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol. Dyor it if you want to know more about FTM. - Basically, i don't see this coin retracing for now, but like always, all depends on TheKing. So manage your % investment. ---------------------------------- Trading Plan ---------------------------------- - Buy : Now - Rebuy : 2.5$ - Rebuy : 2$ TP : 4.95$ ---------------------------------- - Check in comments for Older Analysis. Happy Tr4Ding!
BINANCE:FTMUSDLong
by thecryer
7
FTMDaily Crypto Report FTM sitting at a very critical support level. The 1.82 support level also coincidence with the fib golden pocket retracement. If the 1.82 support level is taken out then it will be an easy ride down to the 1.29 and then 0.93 support level. FTM does seem to have a double top breakout to the downside with increasing volume so it might retest to the blue lines and then sell off. A full measured move for the double top is down to the 0.93 level. The double top can only take place if it takes out 1.29 support level. I also want to note that on the weekly chart it is doing a bearish engulfing candle. I'm staying neutral until the 1.29 level can be taken out.
GEMINI:FTMUSD
by pravenmoorthy
DONT FREAK OUT!! FTM is still in consolidation.On the longer term chart we can see that FTM is still in a bullish consolidation pattern. Even though we had a decent drop this is the best thing that could've happened for fantom on the long term. If we can get a third confirmation of the lower trend line as well as the upper, this pattern will be confirmed. Remember though, even confirmed bull flags only break bullish 60-70% of the time. Patterns can fail and do all the time. I expect FTM to break out of this pattern sometime april-june, as these patterns usually don't exhibit breakouts until the price action has moved to about 70% the way through the pattern. Notice where I have circled the volume. The volume now is much much lower now than it was when FTM was in a rally. This is also supports the idea that were still in a consolidation pattern, however a long-term one.
BINANCE:FTMUSDLong
by MarketM8ker
3