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FTMUSD trade ideas

Possible Upper Triangle FormingHi Traders, FTM had been in a downtrend. If that breakout will be successful, it might form a upper triangle in case a re-test. I've seen many breakout pattern with that kind of structure: First it is in a downtrend. Then, it form a smaller uptrend in that downtrend. Then, the uptrend gain some momentum in order to break that downtrend. We are observing that situation. Of course, this is not the main reason that I believe FTM is bullish. You see the massive green volume in the SS. This is the most important signal of the beginning of a uptrend. So what is my plan? First, I will buy after the candle close in 4 hour period in the spot. If there is no re-test, I will keep it to the end of the orange arrow. If it does a re-test, I am gonna take a LONG position again with the leverage of 3 at most ( this is totally dependent of the trader. I can handle this risk. Before taking a position, manage your risk. ) I will stop loss if there is a candle close in or below the pink area. Based on the situation, I will probably sell 50% of the position. If it close below the key level, I will close totally.
FTX:FTMPERPLong
by bahadirkisbet
FTM SOL Correlation?I have recently noticed that FTM price is almost exactly following SOL intraday. If you watch an intraday chart it is almost to the tick they are tracking with each other. When I zoom out I see they have been following each other closely since mid June. Unsure why besides they are both L1s, but I have not noticed this with other L1s and SOL. Today when SOL was experiencing technical problems and went down, FTM was still up and working fine, yet FTM price followed SOL to the downside. When SOL bounced later this evening, FTM bounced as well. How much longer this correlation continues I don't know, but it will be interesting see what happens if/when they do decouple. Thoughts? I am long FTM so am certainly biased, but with transaction and TVL growth in FTM going up so dramatically lately and a niche being carved out as a great L1 for gaming, I see FTM as undervalued and more upside to come as opposed to SOL if they decouple. For now it seems FTM price is getting carried along in the slipstream. Edit: SOL in orange, FTM in blue, if you couldn't tell.
BINANCE:FTMUSDLong
by zzatchh
2
A range with huge volumeHi traders, You may observe that the volume has increased dramatically in last days. And also you can say that the traded volume is concentrated higher price levels by using volume profile. I interpret this situation as an important indicator of a strong bullish trend. By this information, the price level seems good to take a position. I've drawn stop loss level. I will HODL until there is a good implication about the end of the uptrend. The TA is short but the thing is that the huge volume does not need any interpretation. Stay safe.
FTX:FTMPERPLong
by bahadirkisbet
FTMUSD Prediction The Fantom price soared to an ATH on Monday as demand for the asset soared. The FTM coin jumped to an all-time high of $1.30, bringing its total market cap to more than $3.2 billion. It has risen by more than 87% in the past seven days, which has propelled it to become the 48th biggest coin in the world. It is currently placed between Kusama and BitTorrent. Fantom is designed as a platform that enables developers to build custom decentralized finance applications. The network uses the Direct Acyclic Graph (DAG) smart contract platform that helps to improve the scalability of the network. The FTM is the primary token for the Fantom network. Its main utility is to secure the network using proof-of-stake technology. The four-hour chart shows that the FTM price has been in a strong bullish trend in the past few days. The rally accelerated after the coin jumped above the key resistance level at $0.5968, which was the highest level on August 22. On the four-hour chart, the coin managed to move above the 25-day and 50-day moving averages (MA) while the bullish momentum has continued. The price is also substantially above the ascending trendline shown in black. Therefore, the Fantom price will likely maintain the bullish trend so long as the price is above the 2 moving averages. The next key level to watch will be $1.400. On the flip side, a drop below $1.1200 will invalidate the bullish view.
FTX:FTMUSD
by thomasfullerofficial