FTMUSDT.1DUpon reviewing the daily chart for FTM/USDT, I see a fascinating trend and pattern development that deserves attention. Currently, the price is around $0.4712, showing some signs of recovery after a prolonged downtrend.
Trend Analysis: The previous downtrend was marked by a series of lower highs and lower lows, as depicted by the descending trendline. Recently, the price has broken above this trendline, suggesting a potential reversal or at least a pause in the downtrend. This breakout could be an early signal of changing dynamics in the market.
Key Support and Resistance Levels:
Support 1 (S1): $0.2563 - This level, marked on the chart, has previously acted as strong support. It's critical because if the price were to decline, a hold above this level could reinforce bullish sentiments.
Resistance 1 (R1): $0.5715 - This level is the immediate hurdle for any upward movement. It coincides with past price reactions, making it a significant threshold for further gains.
Resistance 2 (R2): $0.7985 - Should the price move past R1, this next level would likely act as a substantial resistance, being a previous high area.
Technical Indicators:
MACD: The MACD line is above the signal line and both are above zero. This indicates increasing bullish momentum, which supports the potential for further price increases if the trend continues.
RSI: The Relative Strength Index is around 31.60, close to the oversold territory. This suggests that the market could be undervalued at this point, potentially leading to a buying opportunity.
Conclusion: The break above the descending trendline along with supportive indicators like MACD and RSI near oversold levels suggest an emerging bullish scenario. My strategy would be to watch for a sustained hold or consolidation above the trendline and possibly enter long positions near the support of $0.2563, targeting the next resistance levels. However, it's crucial to be vigilant and prepared to adjust strategy based on how the price reacts at these key resistance levels. Setting stop-losses below S1 would be prudent to manage potential downside risk. This approach offers a balanced view between optimistic recovery signals and the need for cautious risk management.
FTMUSDT trade ideas
Long on ftmusdtAfter the ascent, we need a correction, and I have two areas in mind to finish the correction and start the upward trend again. If the reversal is confirmed, we can enter the long-in position.
Ftm long position After the ascent, we need a correction, and I have two areas in mind to finish the correction and start the upward trend again. If the reversal is confirmed, we can enter the long-in position.
latest overviewi have traded long on ftm spot and have two loss and this the end of the day for me,despite I had bearish move in my analysis but I didn't follow up y trading plan and I had trades without enough confidence and confirmation and as you see all of them was loss
FTMUSDTFTM ~ 1D ✅
#FTM Make purchases gradually after successfully breaking through this resistance line. at least for a minimum increase of 15%++
FTMI am shorting FTM because I believe it needs correction. I plan to take profits at nearby levels and am not aiming for a large reward.
Ftm#ftm
#ftmusdt
Ftm is framing falling wedge, broke it and confirmed
Nice an opportunity to long here .
#DYOR
#NFA
🐺 small correction ? 🐺Hello my friends ! 🐺 .
I think everything is clear in the chart , so I make it quick and easy for you guys , we looking for a correction to 0.55$ mark and it could be a nice entry for this bullish wave .
Have nice trades my friends 🐺 .
Fantom (FTM): Possible Rejection From HereFantom Coin is having another re-test of local EMA here after we had a crossover of 100 and 200 EMAs.
We are mow looking for a possible rejection to happen from here and a further movement to lower zones so eyes on that one there.
If we somehow break the 200EMA, we are expecting to see more of a fakeout, not a full breakout, and a bullish movement.
Swallow Team
FTM Long Position (Support Test Opportunity)Market Context: FTM has retraced to test the upper range of support, providing an opportunity for a long spot trade.
Trade Setup:
Entry: Ladder into a long spot trade at around $0.45 on the retrace.
Take Profit:
First target: $0.54 - $0.63
Second target: $0.75 - $0.85
Stop Loss: Just below $0.38
📊 This setup leverages the support retest for potential gains with clear profit targets and risk management in place. #FTM #CryptoTrading #SupportTrade
FTM/USDT: BULL FLAG BREAK OUT! READY FOR 250% PUMP!!Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
FTM looks good here. Break out from the bull flag-like structure in the daily time frame and currently going for a retest. Accumulate it in the green zone.
Entry range:- $0.43-$0.48
Target:- 200-250%
SL:- $0.34
What are your thoughts on FTM's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
FTM: FML! If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
Bounce out of Golden Corner Pocket, reaction off PF median line. 👌
May have one more W4 in there.
Looking for an impulse down and internal retrace, as
always.
Trade Safe,
Trade Clarity.
Inverse Junk Bonds indicating $FTM priceThe inverse Junk Bonds is showing the possible price for UPCOM:FTM in the short term. DYOR. NFA.
FTM#FTM / USDT
Price is showing bullish signs:
1- Falling wedge breakout
2- Potential inverse H&S
Conformation:
ema 200 breakout (red dotted line) will be the conformation for trend reversal
Best of luck
FTM/Sonic is a bargin - longWill Fantom/Sonic overcome all skeptics?
My thoughts, not financial advice....
Anything under $0.50 for FTM is ridiculously cheap. Be prepared for the Sonic-train to move quickly.
Sonic testnet delivers speed of light, time to finality <0.7 seconds (today). Probably the fastest blockchain on earth?
Serious backing, great tech, and trend breakout (D)
DCA or come back later (buy higher)
Fantom FTM price forming a powerful movementThe #Fantom price has been accelerating upwards quite aggressively for 3 days now.
Now OKX:FTMUSDT is approaching the neck, which is the critical point of the inverted head and shoulders pattern.
And now we have two options:
1️⃣ wait when #FTM price to breakout and consolidate above $0.51 and take a long from there.
2️⃣ or put “buckets” in the global purchase zone of $0.36-0.42, which we wrote about in our previous idea. 👇
Well, the take profit is $1 or $1.8, it depends on your trading strategy and patience)
Fantom (FTM) — $0.9, Here We Come!Fantom (FTM) is one of the charts I watch closely. This token has every bullish ingredient you want to see and should run like crazy once the market turns on the "bull mode."
The price broke out of the long-term downtrend (red line).
Moreover, FTM retested the breakout successfully.
It printed a perfect higher low on the daily chart.
And forms a beautiful triangle pattern!
A breakout to the top will fuel a massive pump that would quickly bring $0.9 to the table. So keep an eye on the triangle pattern!
FTM Balanced Up As you can see FTM respects a lot the Composite Market Profile Value Areas.
It broke into from below, retested, then traversed to the upper side, on three lower composites.
I was scouting price under the wick (first RR tool on chart) for a quick SFP liquidity grab, but it didn't gave me that opportunity.
Another lower RR opportunity would be at the retest of the Range VAL (pink arrow), with a target at about $0.507 at the naked time POC & vol POC.
FTMUSDTsee and watch :)
It seems that the price is forming a Head & Shoulders pattern, which is targeting the $0.9-$1 range...
Buy Trade Idea for FTM (Fantom)Description
Fantom (FTM) is a high-performance, scalable blockchain platform that continues to attract attention due to its impressive technological innovations and growing ecosystem. Here are the key fundamentals supporting a buy trade for FTM:
- **Scalability and Speed:** Fantom's unique Lachesis consensus mechanism enables high transaction throughput and near-instant finality, making it one of the fastest platforms in the blockchain space.
- **Low Transaction Fees:** The Fantom network offers exceptionally low transaction costs, making it attractive for developers and users alike, particularly in the DeFi space.
- **Ecosystem Expansion:** Fantom is experiencing rapid growth with a broadening range of decentralized applications (dApps) and partnerships, which is driving adoption and utility for the FTM token.
- **DeFi Integration:** Fantom has become a significant player in the decentralized finance (DeFi) ecosystem, hosting numerous protocols that offer liquidity, staking, and yield farming opportunities.
Given Fantom’s strong fundamentals and its expanding presence in the blockchain space, FTM represents a compelling buy trade opportunity for those looking to capitalize on future growth and adoption.
Disclaimer
Trading and investing in cryptocurrencies involve significant risk and can result in substantial losses. The content provided here is for informational purposes only and should not be considered financial advice. Always conduct your own research, consider your risk tolerance, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results, and the value of investments can fluctuate widely.
