FTMUSD trade ideas
Correction in an uptrendOn the 4-hour chart in Phantom we saw a strong bullish wave after a long bottom, we are now seeing a correction.
The first support will be 0.5 range, the next support will be 0.417, this is just an analysis and respected investors with capital management can base their decision.
FTM ~ Approaching the resistanceTime to fade this BMR aka bear market rally around 0.64$.
For Bull to take control, price need to take support at mid level around 0.35-0.38C.
If fails, 0.10~0.13C would be good levels for investment.
FTm bull penn playing outWe are almost to the target but i wanted to point out this textbook breakout and retest of the bull pennant
FTM tripped on the hurdlewe have been rejected in the .50 cent again so we have all signs pointing to the double top target you see on the chart ....will it play out????
FTM one last hurdle.52 cent is the only line we have not broken since mays dump .46 needs broken again now and i would like to enter at .42 if we can revisit it. After that .68cent then 1.00 to 1.08
$FTM LONGFTM after breaking out of the falling wedge pattern has now formed a cup and handle pattern. It is currently facing a resistance at $0.48.
Breakout from here and we should be looking at $0.52
FTM: Macro Head and Shoulders FTM has put in a temporary bottom at .382 fib at $0.2 along the 1.618 fib channel line with Weekly Bullish Divergence finally playing out. I do expect the cryptocurrency rally to continue after a breather/period of consolidation. Expecting FTM to eventually make a 50-61.8% retracement back to $0.8-$1.12.
FTM ~ Approaching resistanceExpecting roundtrip to range low once DXY reverse.
Deviation and under touch 43c would be trigger.
FTM Elliott wave analysis Hello, it seems that the FTM currency in the form of zigzag Elliott waves has a correction ahead, and wave A seems to be completed and ready for wave B.
FTM: short setupThis is one of the most dangerous short set-ups in the market.
Untouched prices since Jan21 Run-up resulting in 'air' below the current price level.
breaking 0.174 will be the first confirmation.
Targets:
1) 0.060: previous ATH
2) 0.028 : Origination of move and 0.61 extension of the current range
FTM/USDT. Another coin on our watchlist today is going to be FTM coin. well currently at $0.2042 this coin is sitting just above the trend and also is currently in a range of tight BB path which is usually referred as "Calm before the Storm". So here we are with two possible scenarios here - any thought?
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FTM/USDT Elliott Wave count 12H TFFantom into a falling wedge pattern what I think it is a 5th wave ending diagonal, translated into Elliott wave theory.
Probably we ended the wave A from an ABC 5th wave of a 5th wave bigger degree and now we may enter into wave B from this ABC pattern(red count).
A trade plan here is to sell into 0.5 - 0.618 fib retracement (0.235 - 0.226 zone) of the wave A where also we have a strong resistance, the red pointed slope trend line.
Targets for this 5th wave is 0.150 - 0.145 zone where we have previous low from July 2021. We may take into consideration a truncation here as 0.618 fib extension 3rd vs 4th it perfectly aligns with the previous November 22 bottom.
Bigger picture remains bearish on FTM.
Any breakup of the wedge pattern will invalidated the count!!
If you want me to analyze other coins that interest you, please write in the comments, I will gladly do it within the available time.
Good luck!
$FTM Long & Short Scenario$FTM Long & Short Scenario
$FTM Long & Short Scenario
$FTM Long & Short Scenario
$FTM Long & Short Scenario
FTM Looking ready for breakoutFTM is at trend resistance again for the 6th time and it looks ready to breakout after a bull flag consolidation.
I am looking at a move to $0.33
Good Luck
FANTOM - FTM flexing - Andre's ProphecyFANTOM - FTM flexing - Andre's Prophecy
Update DEC 2022 ;
Andre posted some pumpy financial stats. FTM immediately initiated an off the bottom pump structure.
His stats etc are indeed very bullish for FTM's future (basically have massive cash dev runway/managed/ponzid their way to a very strong position going forward). That means DEFI round 2 will prob see FTM rocket up the ranks faster on the next bubble.
Long term accumulation imo.
May have one leg down; if BTC does the 10k thing then make no mistake FTM will PLUMMET; even if it has a big future. because; its a shitcoin and it went up so much already. like RUNE.
We seem to always be at a pivot, but here is another one here. if the price action produces another strong roll over, exit all markets and watch out below; if we keep grinding up like this its going to quick moon and buckle up.
Catch the ratio with higher risk FTM small cap plays; SPIRIT - BOO - LQDR etc
FTM downside boysmore downside incoming for FTM, love to see this action hopefully simulating the accumulation phase, however it is too earyl to tell. will most liukely bounce around these lower levels for a while, after clipping the .15 it might have taken out the low and therefor coult start to trend upwatds, completly depends on what eth does and how it trades. watchout for some downside to come.
Fantie's about to FlyFantom is showing a divergence in sentiment after positive news of the Foundation's finances.
Trend looks to be building up steam.
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.
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 .
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Good luck!
FTM/USD shortFantom getting rejected on 0.618 fib retracement confluence with long-term trend line and bearish divergence with RSI + Stoch RSI crossing down on 4h chart.
Short opportunity/ trend reversal after breaking the white trend line.
