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FTMUSDT trade ideas

TM on the Rise or Fall? In-Depth Crypto Analysis Revealed✨ Welcome to my channel. Here, we analyze a new crypto project or Forex pair every day. 📅 Let's dive into today's analysis, focusing on the FTM coin in the crypto market. 🗂 About the Project : FTM is a blockchain-based project with its own ecosystem and blockchain. It is one of the popular networks for DeFi enthusiasts, and if you're interested in this space, you're probably familiar with this blockchain. ⌛️ Weekly Timeframe In this timeframe, FTM experienced a significant upward movement with high volume, pushing the price up to 1.0993, reaching a critical supply zone. After hitting this resistance, the price started a low-volume correction, indicating the strength of the upward trend and volume-price convergence. However, in the last wave of decline, as you can see, the volume is increasing while the price has corrected a significant portion of its upward movement, currently sitting at the 0.4138 support. 📈 If the price is supported and candles stabilize above the 0.5720 area, we can confirm that the price trend has regained bullish momentum with the potential for further price increases. The main resistance for confirming an upward High Wave Cycle (HWC) is at 1.0993. For FTM to have a significant pump, the price must stabilize above this area, allowing you to enter a buying position according to your trading strategy after confirmation. 📉 If the price returns to the range box between 0.1756 and 0.5720, we can confirm this after the price stabilizes below the 0.3276 area, as this is the last low before the range box breakout and move towards 1.0993. It could be the final defense against further price drops. 📊 In both scenarios, candle volume must confirm the price movement, and there should be no volume divergence; otherwise, the trend will not be healthy. ⌛️ Daily Timeframe In this timeframe, you can see more details of the price movement. As indicated, the price ranged for a long period on the 0.6147 support and, after a breakout and pullback, initiated another downward wave to the 0.4163 area with the 0.5334 trigger. Currently, there is significant bearish momentum in this timeframe, and the volume aligns perfectly with the downward trend. Given the strong support at 0.4163, we can expect another bearish wave if candles stabilize below this area. ⌛️ 4-Hour Timeframe: In this timeframe, the price has pulled back to the SMA99 and simultaneously reached the critical 0.4889 resistance, which was the main market low in the previous cycle. The volume is gradually decreasing, indicating that the long-term downward trend impacts the 4-hour timeframe. In my opinion, this upward movement offers a better entry point for a short position. 🔑 Key Levels : For a long position, the key levels are 0.4889, 0.5350, and 0.6147. For a short position, 0.4150 and 0.45 are critical areas where the price may react in the future. 💥 RSI Oscillator : The RSI is ranging between 45.01 and 60.97, and breaking either of these levels can provide confirmation for opening positions. However, be sure to use these levels only for confirmation and rely on candles to find the trigger. 🎲 My Strategy : Given the bearish market in the 4-hour and daily timeframes and the potential trend change in the weekly timeframe, I prefer to open a short position on this coin as I always trade in the direction of the momentum. However, there's no necessity for you to do the same; everyone should trade based on their strategy and plan. This is a personal decision, and each trader must find their strategy. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Short
by itsparham96
3
FTM/USDT 1D Interval Hello everyone, I invite you to review the FTM chart in pair with USDT on a one-day time frame. Let's start by identifying the main downtrend channel in which the price is systematically falling with the blue lines. However, locally we can also determine a downward trend line, which currently shows how the price is struggling to go higher. Going further, we can see how strongly we are approaching a very important support point, which is currently the main support for the price at $0.31. Looking the other way, it is worth determining the resistance that FTM must face. And here you can see how we are approaching the resistance zone from $0.52 to $0.61, then there is strong resistance at $0.75, and then the price will have to face a very strong resistance zone from $0.84 to $0.97. It is worth looking at the RSi indicator here, where we can see a reflection from the lower border with room for continued growth, but here we can see how there is currently a fight to maintain the place where we could repeatedly observe reflections in one and the other direction.
by cryptodailyuk
Fantom — Another Leg Down? Chart And Indicators Say Yes! FTM dipped ~35% during the last few days. Even worse, current technical indicators and charts indicate more downside potential. Here's why: 1️⃣ Bearish MACD Crossover FTM flashed a bearish MACD crossover on the 4H chart. Based on backtests, the signal is solidly reliable when it comes to 2%—5% profit targets (downside potential in our case). 2️⃣ Bear Flag Moreover, the 4H chart indicates that Fantom trades in a playbook bear flag pattern. How To Enter 👇 Wait for a break of the lower bear flag boundary and confirmation. As a first profit target, it makes sense to go for the lowest point of the recent dip. However, it is likely that FTM will encounter even more downside potential in the case of a breakout to the bottom.
Short
by ben_walther
5
FTMUSDT.1DUpon analyzing the FTM/USDT chart, here's a detailed breakdown from a technical perspective: Support and Resistance Levels: Support Level (S1): The support level at $0.2958 is a crucial area where FTM found buying interest in recent months. This level must hold to prevent further declines and stabilize the price. Resistance Levels (R1, R2, R3): R1 is positioned at $0.6066, which FTM needs to break through for any bullish continuation. R2 at $0.9390 and R3 at $1.2289 represent historical peaks and are important targets for longer-term bullish scenarios. Technical Indicators: Relative Strength Index (RSI): The RSI at 36.05 indicates that FTM is approaching oversold conditions, suggesting potential buying opportunities unless the RSI dips further, indicating even stronger bearish momentum. Moving Average Convergence Divergence (MACD): The MACD shows a bearish crossover with the signal line above the MACD line, suggesting bearish momentum in the near term. Given the current technical setup, my approach would be cautiously optimistic with a keen eye on the $0.2958 support. If this level holds, it may present a good entry point for a potential upward move towards the first resistance at $0.6066. Breaking past R1 could ignite further buying interest, targeting R2 and R3 in the medium to long term. However, traders should be prepared for volatility and potential downside if the support level fails, as this could lead to a retest of lower price levels. Monitoring the MACD for changes in momentum and the RSI for signs of oversold conditions becoming extreme could provide additional clues on the strength of the market's movements. Overall, maintaining tight stop-losses and being ready to adjust positions based on price action near these key levels would be prudent.
by MarsSignals
1
FTM → Fantom Fall to $0.35!? Then to $1.00? Let's Answer.Since my April 11th update, FTM has fallen into a pullback, as expected. We found resistance at $1.25, created a micro double-top, and then pulled back in two strong legs—truly three in total. Should we be bearish or bullish on Fantom? How do we trade this?  🤔 FTM predictably printed a double-top after three strong pushes up into the immediate resistance zone of $0.97 to $1.25. That reversal pattern played out into a three-legged pullback, leaving us near Push #1 support at around $0.40. I think we can expect to continue testing this support area for a while. However, I do not believe we will break and hold below $0.40. I would not enter a long position just yet unless you're fading. What we need now is two or three tests of the Push #1 support area between $0.35 and $0.40, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in FTM. A final point of data is the RSI low and below the moving average of around 39.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us. 💡  Trade Idea  💡 Long Entry: $0.45 🟥 Stop Loss: $0.285 ✅ Take Profit #1: $0.64 ✅ Take Profit #2: $0.82 ⚖️ Risk/Reward Ratio: 1:2 🔑  Key Takeaways  🔑 1. Three legs up into a resistance zone after a breakout 2. Micro Double-top reversal pattern 3. Three-legged pullback to Push #1 Support 4. Wait for a double-bottom followed by a strong signal and confirmation candles 5. RSI at 39.00 and below the moving average. Supports waiting for a long entry. 💰  Trading Tip  💰 It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account. ⚠️  Risk Warning!  ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
FTMUSDT long Spot TradeFTMUSDT Elliott Wave Technical Analysis Mode: impulse Position: Wave (4) Direction: Wave (4) is still in play Details: Wave (4) is still in play which I expected to be end around 0.81-0.74 which will be my entry point. Next Direction: Wave (5) Target : the area between 1.41-1.48 with 80% profit Wave Cancel invalid level: Daily closing below 5.6 with 30% loss, it is a little big stop loss, but FTM proved that it was not greatly affected by the declines of Bitcoin in the past months, which gives it high reliability, in my opinion Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
Long
by ahmadsaad83
FTMUSDT.1DUpon analyzing the daily chart for FTM/USDT, several key technical elements provide a detailed view of the current market dynamics and potential future movements. Technical Analysis Observations: Support and Resistance Levels (S1, R1, R2): Support Level 1 (S1): At approximately $0.2958, this level has been significant in providing a floor for the price action. Its strength as a support level will be tested if the price continues to decline. Resistance Level 1 (R1): Positioned at $0.4435, this level represents the immediate resistance. Overcoming this level could indicate the beginning of a bullish correction. Resistance Level 2 (R2): Located at $0.6066, this higher resistance level would be the next target in a sustained bullish movement. Trend Indicators: The downward trend indicated by the red trendline shows a bearish dominance in recent price action. The green arrow suggests a possible reversal if the price can break above this trendline. The overall trend has been bearish, with consistent lower highs and lower lows. RSI (Relative Strength Index): The RSI is at 37.79, which is close to the oversold territory. This indicates that the selling pressure might be overextended, and a reversal or consolidation phase could be imminent. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line, and the histogram is negative, indicating continued bearish momentum. However, the flattening of the MACD lines suggests a potential slowdown in bearish momentum. Conclusion: The FTM/USDT pair is currently navigating near a critical support level at $0.2958. The proximity of the RSI to oversold levels indicates that a potential rebound could be on the horizon. However, the bearish sentiment confirmed by the MACD suggests caution. Potential trading strategies could include waiting for a clear breakout above the downward trendline (R1) with confirmation from volume and other indicators like a bullish MACD crossover. A successful breakout above $0.4435 could target the next resistance at $0.6066. On the downside, a break below $0.2958 would suggest further declines, and traders should monitor for new support levels. As always, implementing risk management strategies such as setting stop-loss orders just below support levels and taking profit near resistance levels can help mitigate potential risks and optimize gains. Monitoring market conditions and external factors that could influence price movements is also essential.
by MarsSignals
Alikze »» FTM | Corrective wave 2 scenario🔍 Technical analysis: Corrective wave 2 scenario According to the previous analysis, the phantom currency had an upward structure in the form of wave 3. 💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle. - In the daily time frame, it has been moving in an ascending channel, which is currently out of the channel. - An AB=CD pattern has had an ascending cycle within the channel. - Now the complex corrections combined inside a triangle are placed in a density. - By maintaining the current zone, it can have another attempt to trigger the dynamic range of Fibo 1.272 and the supply zone. - If it can break the supply area, it can move up to the Fibo area of ​​1.618. 💎 In addition, if it does not have the ability to stabilize the upper supply range, this pullback to the ascending channel can be an alternative scenario to continue the correction. 💎 Alternative scenario : if the green box breaks down and the price range of 0.58 is broken, the correction can continue and extend up to the range of 0.39. 🛑 Resistance zone: Fibo range 1.272 and 0.8301 - 0.8545 🟩 Support range: 0.6090 - 0.6349 »»»«««»»»«««»»»««« Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support. Best Regards,❤️ Alikze. »»»«««»»»«««»»»«««
Long
by alikze
7