BIG SHORTS So a lot of short would like to exit
and some one enter for few millions more.
Markets react with higheer volums, and that means it cancel a falling and going to rise up only.
at least to 0.9
GOOD LUCK
FTMUSDT trade ideas
FTM strong bounce …will continue ?FTM / USDT
#FTM has news regarding its rebranding to #S which affected the price heavily in past few days
Currently it shows great bounce
stability here = going for these targets
Lose red level in HTF = invalidation of bullish setup
"FTM eyes a rebound with Sonic conversion and airdrop catalysts! Fantom (FTM) shows a recent downtrend, but the upcoming Sonic (S) conversion and the associated incentives like the free swaps and airdrop could catalyze significant price action. Here’s a detailed analysis:
Current Technical Overview:
1. Price Action:
- The price is currently trading at $0.74250, down significantly from its recent highs, but it appears to be nearing a support level.
- Historically, these levels may attract buyers looking for value or anticipating upcoming events.
2. Moving Averages:
- The yellow line represents the 50-day moving average (MA), while the red line is the 200-day MA.
- The price is below both MAs, suggesting bearish momentum in the short term. However, a catalyst like the Sonic conversion could reverse this trend if it sparks significant buying activity.
3. RSI (Relative Strength Index):
- The RSI is near 38.93, which is close to the oversold region (below 30).
- This indicates potential for a rebound, especially with the upcoming news providing a fundamental driver.
4. Volume:
- There is moderate volume, but it hasn't yet shown the surge that might accompany the January 19 event. If trading activity picks up in anticipation, this could signal increased interest.
Impact of Upcoming Events:
1. Sonic (S) Conversion:
- The free swaps for the first 90 days provide a strong incentive for current holders to stay invested and for new investors to join.
- This could reduce selling pressure on FTM while potentially driving demand.
2. Airdrop*:
- A points-based airdrop with 6% of the supply set aside can encourage accumulation of FTM to qualify, likely increasing buying pressure over the coming months.
3. Psychological and Market Sentiment:
- Such large-scale events often generate positive sentiment and FOMO (Fear of Missing Out), potentially pushing the price upwards as we approach the event.
Strategy and Outlook:
1.Short-Term:
- As the January 19 date approaches, there is a strong possibility of a price rebound if volume picks up and sentiment turns bullish.
- Traders may look for entries near the current support level with tight stop-losses in case of further downside.
2. Mid-Term:
- The incentives from the free swaps and airdrop could sustain higher interest in FTM through Q1 2025.
- Monitor for a breakout above the 50-day MA as a confirmation of trend reversal.
3. Risks:
- If the broader market remains bearish or if the events fail to meet expectations, the price could consolidate or continue its downtrend.
- Keep an eye on the volume and RSI for early signals of a move.
Key Levels to Watch:
- Support: $0.70 (current zone) and $0.60 (major support).
- Resistance: $0.95 (50-day MA) and $1.20 (recent high).
With the January 19 event on the horizon, this could be a pivotal moment for Fantom's price action. It's a good opportunity to prepare for potential volatility and capitalize on positive momentum.
SHORT FTM It been quit a lot of SHORTS and we can place their space
there should be closed contracts untill last weeks , due to delisting
Fantom: A New Bullish Wave? You Bet! The Money AddictGood evening amazing you!
Do you like Fantom? Maybe you do.
Some charts are just easy to read...
Today's green candle just negated three days of bearish action. The correction on this pair started on the 16th of December. It is likely that it ended today. Notice how the down-move is many times faster than the up-move. This is good.
A two months long consolidation phase leads to a bullish impulse. The impulse is invariably corrected. The correction ends as a higher low. The higher low is invariably bought by the bulls and the market continues to grow.
We have a very nice dynamic depicted on the chart. First, we can see the Fib. retracement level working its magic. We can see that FTMUSDT moved below 0.786. This is because this pair is not as big as the others, so there is more volatility and thus it moves below 0.5 and 0.382. Another reason why it can drop so fast is because the rise was equally strong. After such a strong correction, all weak hands have been removed, we are bound to see additional growth.
Ahhh! The breeze... A green breeze. Can you feel it?
Can you smell it? Can you perceive it?
I think its money. I can sense money rushing towards us. Brace yourself, it will be so much that we might lose control.
Thanks a lot for your support.
Accept money.
Money is good.
Money opens the doors for love.
Money can give you security, confidence and the ability to experience many of the wonders of the world. Without money, many doors are closed. With Crypto, the money can flow.
Namaste.
FTMThe two specified ranges are suitable for entering short trades. Due to the New Year holidays, the risk of trading is high due to the low market volume. Can it be done now or risk management has entered
FTM Ready to Pump? Exclusive AI-Powered Analysis### Technical Analysis of the Market 🎯
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#### 📊 Overall Market Trend (Based on ADX Indicator)
The ADX indicator, with a value of 46.08, indicates a strong trend. Given the +DI value of 11.54 and -DI value of 23.83, the overall market trend is bearish as -DI is greater than +DI.
🔍 **Analysis:** In a strong bearish trend, traders tend to see more sellers entering the market, avoiding buying positions. Short-term selling opportunities (short positions) on similar assets may be attractive.
---
#### 📉 Overbought and Oversold Conditions (Based on RSI and Stochastic Indicators)
- **RSI Indicator:** The RSI value of 33.34 suggests the market is nearing the oversold zone.
- **Stochastic Indicator:** K-line at 24.50 and D-line at 22.57 indicate the market is already in the oversold zone.
🔍 **Analysis:** This situation shows strong selling pressure, but a potential price reversal or short-term correction could occur soon. Cautious traders may wait for clear reversal signals.
---
#### 📈 Moving Averages Analysis (EMA and SMA)
- **Short-term Averages (10-Day):** EMA at 0.6866 and SMA at 0.6819 are above the closing price of 0.6775, indicating bearish momentum.
- **Long-term Averages (50- and 200-Day):** Both EMA50 and EMA200 are also above the current price, reinforcing the bearish market sentiment.
🔍 **Analysis:** The downward movement relative to all moving averages across timeframes provides a strong sell signal. Traders may capitalize on this situation by selling or entering short positions.
---
#### 🔍 Key Indicator Analysis (MACD, CCI, and Momentum)
- **MACD Indicator:** The MACD value is -0.024, with the signal line at -0.025. The MACD line is below the signal line but close to a bullish crossover.
- **CCI Indicator:** The CCI20 value of -82.30 indicates an oversold condition.
- **Momentum Indicator:** The Momentum value of -0.029 confirms declining price strength.
🔍 **Analysis:** These indicators continue to signal selling pressure, though there is a slight possibility of a minor reversal in the short term.
---
#### 🛑 Key Support and Resistance Levels
- **Support Levels:**
- First support level: 0.6830 (based on classic pivots).
- Second support level: 0.5832 (based on classic pivots).
- **Resistance Levels:**
- First resistance level: 0.8686 (based on classic pivots).
- Second resistance level: 0.9684 (based on classic pivots).
🔍 **Analysis:** Traders may use the support level at 0.6830 as an entry point for short-term buying, while the resistance level at 0.8686 could serve as a take-profit target.
---
#### ✅ Summary and Recommendations
📉 **Recommendation:** The market is currently in a strong bearish phase. Traders can adopt short-term selling strategies and cautiously buy near identified support levels.
💡 If the price approaches the 0.6830 support level and is accompanied by reversal signals (e.g., rising RSI or positive MACD), a good buying opportunity may arise.
⚠️ **Disclaimer:** This analysis is AI-generated and should be combined with personal knowledge and experience. Trading decisions are solely your responsibility.
FTMUSDT.1DThe daily chart of Fantom (FTM) against Tether (USDT) showcases a volatile trading pattern marked by significant peaks and sharp declines, reflecting typical behavior in a high volatility asset. The chart captures a potential reversal zone as the price approaches a critical support level.
Price Action and Trend:
Fantom's price has been on a downward trajectory after reaching a peak, indicative of a bearish trend. However, the current stabilization near a support level suggests that the market is considering a potential reversal or further consolidation.
Key Technical Levels:
Resistance Levels (R1 and R2):
R1: $1.2218 - A near-term resistance level that could act as a target in a bullish reversal scenario.
R2: Represents a long-term bullish target that could be tested if a significant upward momentum is established.
Support Levels (S1, S2, and S3):
S1: $0.6875 - The price is currently testing this support, indicating a pivotal point for traders to watch.
S2: $0.5220 - A breach below S1 could lead to price action targeting this lower support.
S3: $0.2537 - Represents a critical lower boundary that may come into play if the downward trend accelerates.
Technical Indicators:
MACD: The MACD line is below the signal line and negative, suggesting bearish momentum. The increasing distance from the signal line may imply strengthening of this bearish trend.
RSI: The RSI is nearing the oversold territory, which might indicate that the asset is becoming undervalued, potentially leading to a buying pressure increase.
Volume:
Recent volume patterns show spikes corresponding to price declines, indicating that sell-offs are accompanied by higher trading volumes, thus confirming the bearish trend.
Conclusion and Forecast:
The current positioning of Fantom near support levels with oversold RSI conditions suggests the market is at a decision point. It can either bounce back as a correction from the oversold conditions or continue to decline if the support levels fail to hold.
Trading Strategy:
Bullish Scenario: A rebound from the current or the $0.5220 support level, targeting resistance at $1.2218. Confirmation of a trend reversal would be critical before taking a long position.
Bearish Scenario: Continued bearish pressure pushing the price below current support, targeting $0.5220 and potentially $0.2537.
Summary:
FTM/USDT presents a critical juncture where its response to the current support levels could determine the direction for the coming weeks. Traders should closely monitor these levels and adjust their strategies based on confirmed price actions and volume signals.
FTM/USDT longWe have two support levels, after crossing which I expect a strong upward movement. You can enter the position in parts - at level 1 and level 2.
Don't forget about the upcoming Sonic update for January 13 - 16, 2025
Entry range: $0.5 - $0.6
Target 1: $1
Target 2: $1.3
Stop: none
Great LONG Approaching for FTM
For those who missed the SHORT on FTM, don't miss the LONG that is almost here on the 1 hour, 4 hour and daily charts. We just need to see some volume increase and a few green candles and this should have a nice rebound. Currently oversold on all timeframes.
The FVG on the daily has been touched, we may go a few cents lower to the Weekly FVG.
Take profit level at this stage would be at the 0.9395 (0.5 Fib Level and Bearish FVG Resistance Level). If it breaks through this, 1.18-1.19 would be another take profit level (Fib 1.0 and Bearish FVG Resistance.
FTMUSDT: Trend in weekly time framePlease pay special attention to the accurate trend, and very accurate colored levels.
The setup is very sensitive, do not get a position without SL.
Be careful
BEST
MT
Fantom at a CRITICAL LEVEL!!! Make it or Break itUPCOM:FTM
5-10x potential to previous all time high.
Beautiful price action on higher timeframe. Since the bottom in 2022, price has made 3 higher highs signaling bulls are back.
Price is currently at a critical level.
On the 2 week chart we have broken above the 50 RSI and we are now retesting the 50 (ideal entry). Price has currently retraced to the 0.618 fibonacci retrace of the latest impulse.
Monthly timeframe’s also at an ideal entry. After making a new higher high and closing November with a huge bullish expansive and engulfing candle, price is currently trading at previous month lows.
Will it hold?
possible scenarios for $FTM.Two scenarios can happen for FTM. The bullish scenario will happen if Fantom again breaks and holds 0.95$. In that case a double top could be formed on the monthly chart or a similar massive bullish move will happen just like the previous time. In both cases the price will reach 3$ first. If the ATH is broken and things got real bullish the maximum price of 30$ could be a realistic target before months of consolidation.
If UPCOM:FTM fails to hold 0.50$, 0.20$ is the major support zone and it will be real hard for 0.50$ to be broken again and in that case things will get real bad.
Im expecting the bullish scenario to happen. For now, the price can reach 0.60$, 0.95$ should be broken & then 3$ is the target, I’ll update the chart later.
FTMUSDT.1DThe daily chart of Fantom (FTM) against Tether (USDT) showcases the asset's price movements and helps in identifying broader market trends.
Price Action and Trend:
FTM's price action on the daily chart indicates a series of ups and downs, with a notable uptrend supported by a rising trendline. This suggests a positive sentiment among traders, but the presence of sharp peaks indicates volatility.
Key Technical Levels:
Resistance Levels (R1, R2):
R1: $1.2218 - The next significant resistance level, representing a recent peak that could challenge bullish momentum.
R2: $1.4782 - The highest point reached in recent months, serving as a strong psychological barrier.
Support Levels (S1, S2):
S1: $0.5508 - A crucial support level that has seen multiple interactions, indicating a possible reversal zone.
S2: $0.1642 - A much lower support, suggesting a significant fall if S1 fails to hold.
Technical Indicators:
MACD: The MACD is below the signal line, indicating bearish momentum. The negative histogram reinforces the potential for further downside.
RSI: The RSI is approaching the midline at around 45, suggesting a neutral to slightly bearish sentiment. It indicates neither overbought nor oversold conditions, providing room for both upward and downward movements.
Volume and Market Sentiment:
Trading volume shows fluctuating interest, correlating with the price spikes and falls, which might indicate reactionary trading to price movements rather than a steady trend.
Conclusion and Forecast:
The analysis of FTM/USDT suggests cautious optimism but with readiness for potential volatility. The asset is currently navigating between key support and resistance levels, with a leaning towards testing lower supports due to the bearish signals from MACD.
Trading Strategy:
Bullish Scenario: A secure position above S1, followed by a push towards R1, could validate a bullish outlook. Traders might consider buying on dips near S1 with a stop-loss below this point.
Bearish Scenario: A break below S1 could trigger a slide towards S2. In this case, short positions may be considered, with R1 serving as a stop-loss point for such trades.
Summary:
FTM/USDT exhibits a potential for both growth and significant pullbacks. Traders should keep a close eye on the mentioned technical levels and adjust their strategies based on confirmed movements above or below these critical points.
2 RRLooks to be a relatively safe trade to me. If cautious enter at the safety hold instead of indicated level.
FTMUSDT - All eyes on Sonic!Weekly chart displays A very strong support level where the price is expected to rebound significantly, located at the 0.75 area
This zone converges several weekly supports, including the 50 EMA, the 0.5 Fibonacci level, and the upper side of the symmetrical triangle pattern.
accumulation is suitable now and up to the 0.7 level.
On January 13, 2025, the token will automatically be rebranded to (S) , meaning Sonic .
This represents an upgrade to the FTM token, similar to what happened with RNDR transitioning to Render .
This is a significant update to FTM’s infrastructure to align with leading projects in the space.
And as a token supported by Dubai, you can be confident in its bright future.
Buy between: 0.8 - 0.7
Targets: 1 - 1.6 - 3.5 - 7.5 - 21
Best regards Ceciliones 🎯
FTMUSDT TARGET PRICES 1HIn this price action drawing we can see the FTMUSDT target prices, it can move a little down and after that the market will give a good gain to FTM holders.
Fantom is experiencing a potential pullback around the resistancWe need to wait for Bitcoin to show us that the holidays are over, but we are waiting for a pullback. If it can't hold the support, we may need to take another short position.
