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FTMUSD trade ideas

This Logarithmic Chart Shows Fantom at Key IntersectionThe weekly Fantom (FTM) chart exposes a massive logarithmic channel that shows the FTM price at a key intersection between the bottom of the channel and a multi-year support level. An analysis of the FTM price action behavior within the logarithmic channel may reveal its next move. FTM Logarithmic Channel Long term, the FTM price remains locked in a logarithmic ascending channel. By connecting the previous peaks and bottoms, we can outline a clear ascending channel that shows potential future directions of FTM price. In the short-term, FTM is already bouncing off the bottom of the channel. The bottom of the channel also aligns with a multi-year support zone between $0.15 and $0.16, which adds more confluence to this price area. FTM Bullish/Bearish Cycles The channel’s middle boundary played a major role in delimiting FTM’s bullish and bearish cycles. When the FTM price broke below the middle of the channel, we entered a bearish cycle. We can also note an almost perfect symmetry between the length of the bullish cycle and the length of the bearish cycles. On average, FTM price has experienced a 60 week cycle. If we project the same 60-week cycle into the future, we can expect FTM price to break the middle of the logarithmic channel by mid-2023, which would also be the start of the next bullish cycle. RSI Oscillator The Relative Strength Index (RSI) has the tendency to call the breakout of the middle channel in advance. A break above the 50 midpoint can potentially signal that the bottom is set in place. Looking forward: The first resistance level comes near $0.42 level followed by the $1.0 big psychological level.
BINANCE:FTMUSD
by cryptohopper
1
FTM/USDT Elliott Wave count 3D TFFantom may drop soon to end a 5th subwave from a 5th wave of a C wave from an extended flat correction that probably is wave 2. What I expect next is a downward movement of the price to the 0.1455 zone marked by fib projection 3 vs 4 that you see in the zoomed picture of the last price action moments to complete this 5th wave from an ending diagonal . I think that soon we will have the end of wave 2 and the Fantom will start the formation of wave 3 from a higher degree. At this time I expect this wave 3 to start from 0.1455 zone where probably we will have the bottom of the correction. I will stay short untill this ending diagonal is completed! I have also a scenario with wave 4th a triangle but I will put it as a comment so as not to clutter the view but the overall things are bearish . If you like my analysis please hit the like button and subscribe for future elliott wave counts! Good luck!
BINANCE:FTMUSDShort
by Cross10XSignals
FTM Pumps Higher! What Levels Are Next? FTM has been quite the outperformer today pumping more than 15% and leading the charts on Coinmarketcap! Let's take a deep dive into some technical analysis and where my current targets lie: 1. Looking at the 12h chart for Fantom, we can see the Whales buy-sell indicator flashed a buy and combined with our RSI that was also over the signal line, that gave us our entry at 0.18. Since then, it's pumped over 33% :) 2. The next big resistance level for FTM is 0.245. This coincides with our previous resistance on Oct 31st. I'm watching this level closely and starting to take profits as we are very over-extended. I would look towards the 0.21 level if you're thinking of entering. That was key support on Oct 28th and was previous resistance turned support on Nov 11th. If it falls through that, then 0.19 is your next bet as it was previous resistance turned support on Nov 16th. 3. I believe FTM still has room to run this year as Andre (founder of Fantom) has been publishing various articles confirming it's longevity and continued progression in the space. If you enjoyed my TA, please give this article a boost to help spread to the masses! And if you have any questions about my TA or indicators used, leave a comment please or send me a PM :) Thanks for reading!
BINANCE:FTMUSD.PLong
by CryptoScripts
8
Fantom FTM Getting Ready for The Next Huge Move?Fantom FTM looking bullish, following the news of the return of #DeFi coder Andre Cronje. Scholastic RSI: Monthly - Oversold; Weekly - bullish; Daily - Overbought; Fantom is expected to go one leg down on the daily time frame before the next huge move. Fundamentals: Watch out for Dec 1-2, 14 (Fed data). On December 01, Fed Chairman Powell speech on the U.S. economic outlook and job market. On December 2, the United States Unemployment Rate data for November. The probability of a 50bps rate hike on December 14 is currently 75%. Noteworthy: The trend is your friend; Identify the trend, ride the trend until it end and reaches it bend. Once you get risk free, ride the trend it end and reaches it bend. No one ever went broke taking profits whenever the crypto market trend (direction and time) is in your favor. Do not forget the historical wise saying, "Never invest more than you can afford to lose." Not a financial advise, I suggest using this only as a guide - Do your own research. Let us know what you think about this subject in the comments section below. Kindly support this idea with your like and comment, thank you.
BINANCE:FTMUSD
by cryptoblockmeta
FTM primedAs you can see FTM has had 2 accumulation phases which stretch from June-October, its a perfect time to start accumulating with low leverage/spot before it pushes towards the local supply. We are currently seeing similar pattern on a few different alts in the market, now that the majority of retail trades are staying on the sidelines until the market turns bull. This gives us an opportunity to dca in and have a very low entry. Stay safe and remember let the reddit trades get emotional while we stay cool and trust the process!
BINANCE:FTMUSD.PLong
by nirrex
1
FTM - Fantom - ghosts of Andre / pick your poison degensFTM - Fantom - ghosts of Andre / pick your poison degens Last idea attached was range prediction which worked out well, just needed to be stretched out a bit but hey same shit. THIS IDEA: option 1 ; yay option 2 ; poo + extra poo maybe option 3 ; poo + extra mega poo (not on chart but its like -8373738% i even put the fractals on for your viewing pleasure. I have no idea which fractal plays but i feel like one of them will. note the option 1 CMF looks very similar, where as option 2 not so much. RSI could play both ways but option 1 looks a bit better. Invalidation levels are quite clear ; id play it on a macro scale to those. note; if option 1 is a go then interestingly avax ran a few days earlier for its first pump. so maybe the nifty move is to all in avax, get that pump to last high, then go all in ftm. ill be trying that anyway if option 1 seems likely. then again maybe we are in completely uncharted waters and this thing does something novel. theres a good chance of that too. i just use fractals to try and give me some bearing not read the future. that said they often play out very well (until they suddenly don't). my theory on that is the market makers algos basically run the same programs to fleece the noob leveraged degens might do a avax chart but this is prob my last until we see where this ship is headed. should find out very soon. gl
BINANCE:FTMUSD
by Crypto-Quantum-Fox
Fantom (FTM) - macro bearish divergenceOn the above 1-day chart price action has appreciated by 2000% in less than 6 months! Astonishing. A number of reasons now exist to be bearish, including: 1) The confirmed bearish head and shoulders pattern with neckline break. Expect a back test. 2) The ‘pi cycle top’ alert. 3) Numerous oscillators are printing bearish divergence with price action. 4) Lastly on the weekly chart (below) price action prints a significant bearish divergence between price action and the RSI. Is it possible price action prints a new all time high? Sure. Is it probable? No. Trade is void with a break of $3.20. Good luck! WW weekly bearish divergence
BINANCE:FTMUSDShort
by without_worries