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Fantom / TetherUS

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FTMUSDT trade ideas

Fantom (FTM/USDT) - Bullish Long TermPay close attention to Fantom, in the short term could be bearish due to not having any daily or 4hr candles etc close above minor Resistance at: "1.02". Rejections off this level could leave the bulls behind and get pushed futher downwards from the bears to "$0.89" roughly. Long term, if you decide to take this trade, a potential to make a +46% will be with ease. Next target is= $1.46 so keep close details on the key levels I provided on the chart to take advantage. Line of Support= $0.89🟢 Line of Resistance= $1.02🔴 Target!= $1.46🌟 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION. SEEK PROFESSIONAL ADVICE FROM A CERTIFIED FINANCIAL ADVISOR.)
by Bitcoin_Benny
✴️ Fantom Full Correction (Name Your Altcoin)Fantom grew around 300% from Nov. '22 through Feb. '23 and it started a very long, drawn-out correction. While this can be boring and surely maddening, it is still technically bullish as it trades at higher lows compared to the November 2022 bottom support (grey on this chart). The MA200 line curving down, pulls prices up. We can expect a recovery soon... Within days or maximum a few weeks... I would say days because the 28 of October is less than 2 weeks away. Fantom will grow together with the start of the next bullish wave. Namaste.
Long
by AlanSantana
14
FTM/USDT planning for bullish move? 👀 🚀 FTM Today analysis💎 Paradisers, let’s dive into the #FTMUSDT analysis! A fascinating shift has unfolded as it breaks free from its descending channel, creating an exciting stage for a potential bullish surge. 💎 Over an extended period, #FANTOM has meticulously traced the contours of a descending channel. Presently, the price is testing a critical support level at $0.9116. Our confidence in its potential to embark on a bullish trajectory remains unwavering, challenging the overhead bearish order block (OB). 💎 However, prudent preparation is essential: should the price dip below the pivotal support zone, we may witness a pronounced bearish downturn. In such a scenario, our focus shifts to anticipating a bullish rebound from the lower support level at $0.8536. 💎 Remember to employ sound trading strategies and implement proper stop-loss measures! Stay vigilant, monitor market movements, and eagerly await further insights. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
5
FTM's RiseFantom (FTM) has been showcasing an interesting price development, currently trading at $0.9297. On the 4-hour chart, FTM's recent climb shows it's approaching a local, dynamic resistance level which may indicate a near-term challenge for the price to push higher. The Bollinger Bands reveal that the price is nearing the upper band, which can often act as a short-term resistance. This proximity to the upper band at $0.9473 might suggest a potential for either a temporary pullback or, if the price breaks through, a continuation of the bullish trend. The trading volume for FTM is healthy at 11.604M, which underscores a decent level of trader interest at these prices. The Moving Average (MA) at $0.8966 is below the current price, indicating that the recent price action is still favored by a bullish bias. The MACD histogram is positive, albeit marginally, with the MACD line slightly above the signal line, hinting at a continuing bullish momentum but cautioning that it may not be particularly strong at the moment. Stochastic Oscillator values are high, indicating that the price might be in overbought territory, which sometimes leads to a subsequent price correction as the market consolidates. Finally, the Relative Strength Index (RSI) is above its MA and remains in a healthy range without showing signs of being overbought. This suggests there might be some room for the price to go up before facing selling pressure due to being overbought. In summary, Fantom's market dynamics are showing signs of a bullish trend, but as it nears the dynamic resistance level, traders will likely watch to see if it has the strength to break through or if it will retreat and consolidate before making another move.
by MonoCoinSignal
FTM TO 1$FANTOM is a decentralized blockchain platform designed to enable fast and secure transactions, and to support the development of decentralized applications (dApps). The FANTOM platform uses a unique consensus algorithm called Lachesis, which allows for high transaction throughput and fast confirmation times. The FANTOM platform also features a smart contract system that enables developers to build and deploy dApps on the platform. The platform supports a variety of programming languages, including Solidity, Java, and Python, making it accessible to a wide range of developers. The native cryptocurrency of the FANTOM platform is FTM, which is used to pay for transaction fees and to incentivize network participants. FTM can be traded on a variety of cryptocurrency exchanges, and it has been listed on major exchanges such as Binance, Bitfinex, and Huobi. first target = 0.65 second target = 1.
Long
by FireFlow
1
How setting stop-loss effects your entry-pointAbsolutely, trading without implementing a stop-loss strategy can indeed lead to significant challenges and ultimately undermine a trader's success. The Crucial Role of Stop-Loss in Forex and Crypto Trading In the dynamic world of forex and crypto trading, where market fluctuations are the norm rather than the exception, the importance of implementing a stop-loss strategy cannot be overstated. A stop-loss order serves as a vital risk management tool, protecting traders from excessive losses and preventing emotional decision-making during volatile market conditions. Let's delve into why integrating stop-loss orders into your trading approach is paramount for long-term success. Maintaining Discipline and Psychological Stability One of the primary reasons why stop-loss is indispensable lies in its ability to foster discipline and psychological stability among traders. Setting a predefined exit point not only helps in managing risk but also cultivates a disciplined mindset crucial for navigating the intricate landscape of financial markets. By adhering to stop-loss levels, traders are compelled to analyze entry points meticulously, thus enhancing their decision-making process. This disciplined approach not only minimizes the impact of emotional trading but also promotes rationality and consistency, two cornerstones of profitable trading. Enhancing Risk Management Practices Effective risk management is the cornerstone of successful trading endeavors. Without a stop-loss mechanism in place, traders expose themselves to the peril of unchecked losses, potentially jeopardizing their entire trading capital. Stop-loss orders act as a safeguard against such scenarios by limiting losses to a predetermined level. By calculating the appropriate position size relative to the stop-loss distance, traders can ensure that each trade adheres to their risk tolerance and overall trading strategy. This proactive risk management approach is fundamental for preserving capital and fostering sustainable growth over time. Optimizing Risk-to-Reward Ratio A key aspect often overlooked by novice traders is the significance of maintaining a favorable risk-to-reward ratio. Trading without a stop-loss not only compromises risk management but also skews the risk-reward dynamics of each trade. A well-placed stop-loss allows traders to define their risk upfront, enabling them to seek out trades with a favorable risk-reward profile. By aligning potential losses with anticipated gains, traders can strive for asymmetrical returns, where the profit potential outweighs the risk undertaken. This strategic alignment not only bolsters profitability but also instills confidence in traders, empowering them to execute trades with conviction. Conclusion In conclusion, the incorporation of stop-loss orders into your forex and crypto trading endeavors is indispensable for maintaining discipline, mitigating risk, and optimizing profitability. Beyond serving as a risk management tool, stop-loss orders foster psychological resilience, enhance decision-making processes, and uphold the principles of disciplined trading. As such, traders must recognize the pivotal role of stop-loss in safeguarding their capital and fostering long-term success in the dynamic world of financial markets.
Education
by traderstube
FTMUSDT- Bearish TrendPhantom is in a downtrend with clear LH's and LL's on 15M timeframe and following a trendline drawn by connecting the LH's. There are 2 possible scenarios for entry point, one at fib retracement of .382 with immediate rejection from that level. the other is a would be confluence point of trendline and .382 fib retracement level. Both the scenarios are marked on the chart. RSI shows bearish continuation signal as there is no bullish divergence on the chart as marked
Short
by arsalankhan9394
Fantom. USDT1) Fantom left the upward trend at point A. 2) After the pullback, it continued its downward trend. 3) RSI. On the weekly and monthly time frames, it is not very interesting, it is at the overbought point. 4) In the time frame of one hour, it is normal and almost suitable. 5) But it is in the best position in the daily and 4-hour time frame. The result: I don't recommend for new entry, but for people who have Fantom, holding until the B point and at least around one dollar is the best option. (Considering that it tried to break out of the downtrend line 3 times in the 4-hour time frame. In addition to that: It has positive divergence in the 4-hour timeframe.).
Long
by bozorgzadeh
🚀🔄 FTM Spot Trade Setup! 🔄🚀📊 Analysis: Support & Oversold: FTM is currently at a support level, with medium timeframes showing oversold conditions, indicating a potential rebound. Bullish Sentiment: Anticipating a bounce in the altcoin market, with FTM showing promising signs. 📈 Trade Plan: Entry: Consider laddering into a long spot position in the $0.80 - $0.86 support area. Take Profit: Target profits at $1.00 - $1.04 or aim higher towards $1.14 - $1.23. Stop Loss: Set stop loss just below $0.77 to manage risk effectively. 💡 Note: Stay vigilant for price confirmation and adjust strategy accordingly as market conditions evolve. 📈💰 #FTM #SpotTrade 🚀📉
Long
by Richtv_official
FTMUSDT.4HAlright, let's get into the technical analysis of this Fantom (FTM) chart against Tether (USDT) on the Binance exchange from a first-person perspective as a trader. Upon inspecting the chart, the first thing that stands out is that Fantom's price has been trending downwards recently as it's trading below the Ichimoku Cloud. This suggests a bearish market sentiment in the short to medium term for FTM. The price below the cloud often signifies that the asset is in a downtrend and that the cloud is likely to act as resistance on attempts to move higher. The Conversion Line (blue) is below the Base Line (red), which traditionally means the bearish momentum is currently stronger. The Lagging Span is also below the price line and within the cloud, which reinforces the bearish outlook. The pivot points on the chart show resistance at R1 and R2, with support levels at S1 and S2. Given the price is below R1, it is currently acting as a resistance level. If the price begins to rise, R1 is the first hurdle it would need to overcome before we can consider a change in the immediate trend. Conversely, if the price continues to fall, S1 and S2 are levels where we might anticipate potential support or a reversal. The Relative Strength Index (RSI) is around 28.65, which is quite close to the oversold boundary of 30. This could indicate the possibility of a trend reversal or a pullback, as prices often revert back after hitting such extremes. As for the Moving Average Convergence Divergence (MACD), the MACD line is slightly below the signal line, which typically suggests bearish momentum. However, both lines are very close to each other, so I'd watch out for any crossover which could signal a change in momentum. In conclusion, FTM's current price action is bearish, but with the RSI being close to the oversold territory and the MACD lines close to a potential crossover, there may be a reversal on the horizon. As a trader, I would closely watch these indicators for signs of a momentum shift, especially any bullish divergence on the RSI or a MACD crossover above the signal line. Trading near support levels could provide a favorable risk-reward ratio, but it's important to wait for confirmation signals before making any trades, as countertrend trading can be particularly risky.
by MarsSignals
🔥 FTM Fibonacci + RSI Bounce SignalWith BTC selling off, alts are naturally following suit. However, I think that it's more likely than not that alts will bounce soon. As for FTM, this token is currently around 30% down from the top after a massive run-up. The 4H RSI is oversold for the first time since the huge run-up started in January. Furthermore, the price is currently sitting at the 0.382 Fibonacci retracement, which often functions as a strong support during up trends. Target at the current local top of 1.20$.
Long
by FieryTrading
4