Is $FTM Ready to Moving Forward to $0.5?Hi everyone
After two swings in the descending channel and the re-reaction of the $0.16 support level, which followed the return of UPCOM:FTM to the upside, we now see UPCOM:FTM officially breaking out of the descending channel with the intention of reaching the short-term targets of $0.38 and $0.51.
The unexpected and very positive price performance of WigoSwap, the decentralized financial platform of the Fantom ecosystem, has made investors and fans of UPCOM:FTM hope to see such growth in UPCOM:FTM soon.
If Bitcoin does not fall sharply and ends this week above the level of $37000, we can hope to see a new wave of uptrend of UPCOM:FTM during the next week.
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Goodluck
FTMUSDT trade ideas
#FTM (Brake Out) 1 Hour Chart#FTM
I draw 2 trend lines on the 1 hour chart,
End one other trend line a smaller on inside the trend lines, that brake yesterday but came fast back and brake it again!
The white DOT lines are Fib Retracement Levels 1 Hour Chart
What i expect we come to the smaller trend line end the first Fib level,
if we that hold we move further,
Vol is also higher than yesterday
later i give another update, (TP 1-TP 2)
First we need to hold the FIB Levels and Trend Lines
You don't go broke from taken profits ;)
ftm flyFTM has been falling like the rest of crypto, but the price failed to fall through the main bullish support of the last few weeks.
In my view, this gives us a nice opportunity to play the bounce with a clearly defined stop and profit target
Fantom buying zone for the next bull run i see these buying zones for FTM :
1- (0.193-0.1550) (DCA) 20%
2- (0.056 - 0.04 ) (DCA) 80%
other support zones , are unlikely to be reached , only if something very bad happen to bitcoin and the crypto market !
strong supports zones are indicated in red (strength mesured from 1/10 to 10/10)
lines in red are ichimoku kijun support lines (daily ) .
Of course this study , is valid only when we still do not have any good fundamental news for crypto , and by that i mean , eth pos , btc spot etf only .
macro economy factors such as inflation and recession would lead to move deeply from support zone to another .
Notice : as we are right now , 21-17k BTC range , every one can begin to accumulate their desirable tokens , for example 30% now and the rest when prices reached the area mentioned , because the market is a guessing game , no one know exactly what would happen . its okay to start DCA now , because we are already +80% down from almost all ALTS ATH . I want to point out , that the price could go even lower than the zone mentioned , however , as i mentioned before , from here every one can start DCA , no one could catch the real bottom unless he has a time travel machine .
not a financial advice
thank you
Fantom Gas Fees Are Surging, What’s Driving The Traffic? Key Takeaway
1. Fantom reached 2.945 million transactions, bringing gas fees to unprecedented highs.
2. Fantom recently introduced the gas-heavy FRC-20 Protocol.
3. Gwei values soar, yet actual costs remain low.
Fantom’s Gas Fees Rise After FRC-20 Protocol Goes Live
On Thursday, November 22, Fantom’s blockchain witnessed a record-breaking number of transactions, reaching approximately 2.945 million. As a result, gas fees on the network surged to 11,000 gwei, far above the normal amount.
This surge in activity coincides with the introduction of the Fantom Inscription FRC-20 protocol, similar to Bitcoin ordinals. The FRC-20 protocol has sparked significant interest in crypto, offering new possibilities for token inscription and NFT creation.
Despite the high gwei values, the actual gas fee cost on Fantom remains relatively low. This is considering that 1 Gwei equals 0.000000001 Fantom and that the current Fantom price is around $0.30. Therefore, the current gas fees on the Fantom blockchain, ranging from 11,000 to 12,000 Gwei, translate to approximately $0.0033 to $0.0036.
Inscription Protocols Drive Gas Costs on Major Chains
Similarly to Fantom, inscription protocols are driving up volumes, along with gas fees on other major chains. For instance, Avalanche C-Chain has also seen a major surge in activity. On Thursday, driven by its Inscription ASC-20 protocol, the network surpassed 6.3 million transactions.
Avalanche’s scalable architecture has so far managed to accommodate this spike without a substantial increase in gas fees. In contrast, the Bitcoin network experienced a noticeable surge in gas fees earlier in November, attributed to a spike in ordinal inscriptions.
Ordinals are a relatively new concept within cryptocurrency, primarily associated with the Bitcoin network. They represent a method of inscribing unique data, such as images or texts, directly onto individual satoshis, the smallest units of a Bitcoin.
On Brighter side
1. While Fantom maintains low gas fees despite high Gwei, such an equilibrium might be challenging to sustain as the network grows.
2. While offering potential utility, ordinals face criticism over staggering gas costs and the potential to cause network congestion.
Why This Matters
The emergence of inscription protocols is shaping the future of blockchain development. As these features become more prevalent, they are likely to influence how new blockchains are designed and how existing ones evolve.
FTMUSDT is BearishFTMUSDT has entered the declining phase by printing fist LH followed by LL, this could mark the beginning of a bearish rally.
#FTM Depends on market#FTM quick update
Market has to settle first to much news!!
But this is how i see it now,
support we need to hold and the trendline
RSI did a cross on the 4 hour chart
Tomorrow i do a update because now its not to much going on First a drop than a Rise,
Have a good night
# FTM Bull flagLike #RLC #FTM has also Bull flag pattern
But this is more obvious Bull flag pattern
It is now on support $0.3189
like i said before this is a imported level
Check other chart!
But we know all everything depends on BTC!!
🔥 FTM Easy Bounce Trade: Support Holds!FTM has been falling like the rest of crypto, but the price failed to fall through the main bullish support of the last few weeks.
In my view, this gives us a nice opportunity to play the bounce with a clearly defined stop and profit target.
BTC appears to be reversing as we speak, so it's a matter of time before alts start regaining their losses.
FTM to $0.40? This Trade Separates the Novice From The Pro!FTM has fallen out of the bull channel and is pushing aggressively toward the downside. One might think, "We're going back to $0.20!". Not so fast! The 200EMA acted as strong support on November 9th and it has a good possibility of repeating history.
How do we trade this?
We may have fallen out of the bull channel but we're still seeing higher highs and higher lows, so we should remain bullish. Before entering into long, wait for a bull signal and confirmation bar as evidence that we're still going up. A bull signal bar will have a long tail and close near its high, a confirmation bar will follow the signal bar, be of a size similar to the signal bar, and close on or near its high.
The RSI is also below 30, which is a weak indicator on its own, but supports the other data points in this analysis. Bitcoin also acts as a leading indicator and as shown in my BTC 4HTR analysis, may fall to its 200EMA at $35,000 and hold FTMs price down. This is why we need to wait for confirmation before entering the long.
Key Points
1. Fell out of the Bull Channel.
2. Current Price at 200EMA Support.
3. Wait for a bull signal and confirmation bar.
4. RSI Below 30. Reversal to the upside is probable.
5. Use Caution, Bitcoin could fall further.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
Fantom (FTM) coin completed setup for upto 26.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of the Fantom (FTM) coin with US Dollar pair.
Our last successful trade of FTM was the below one, and it was almost 44% pump:
Now on a daily time frame, FTM has formed a bullish Gartley move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#FTMUSDT #LQR #TOBTC #LaqiraProtocol Price involved in Middleline channel support. In case of failure and disapproval of this Level in the bottom of the channel we expect a reaction according to your own strategy to look for reasons to enter. This analysis is a personal view and the offer is not buy or sell.
🔄 FTM/USDT: Accumulation Phase Underway 🔄Overview:
The FTM/USDT pair appears to be entering an accumulation phase, suggesting a period of consolidation before potential future movements. Let's delve into the critical technical and fundamental aspects driving this analysis.
Technical Analysis:
Support and Resistance: The price is currently consolidating around the key support level , indicating an accumulation pattern.
Volume Analysis: Observe declining trading volumes, a common characteristic of accumulation phases.
Divergence Indicators: RSI and MACD may show divergence or flat patterns, supporting the notion of consolidation.
Fundamental Considerations:
Market Sentiment: With a broader market that may lack clear trends, FTM/USDT is in a position of accumulation, awaiting a catalyst.
Developmental Updates: Keep an eye on Fantom's project developments, as they may act as a catalyst for price movements.
Trade Strategy:
Exercise caution during accumulation phases. Consider the following:
Accumulate Range
Hold Time: Medium to long-term
Risk Management: Use a conservative stop-loss strategy to protect against unexpected breakdowns.
This analysis is for educational purposes only and not financial advice. Conduct thorough research and consider your risk tolerance before making any trading decisions.
👉 Like and follow for further updates on FTM/USDT!
FTMUSDT is ready will go to 0.55Hello SSE community
As you can see Fontom has been broken the daily resistance in the area of 0.30 - 0.32 and retested the broken level
I can see bullish engulfing candle stick pattern at 0.3260 - 0.33 and it seems ready to moving upward to the target levels as following :
0.40
0.45
0.50
0.54
FTM Time to Buy!? Or Will The Price Fall Back to $0.20?FTM is in a strong bull channel eyeing a target of $0.42 at the Weekly 200EMA! But with Bitcoin potentially pulling back, will it hinder FTM's chances of reaching the target?
How do we trade this?
The most important aspect of this moment is that FTM is in a bull channel, which means the probability of profit is greater when longing. There are no definitive reversal patterns yet, so we should be looking for long entries. Bitcoin may be signaling a minor pullback as shown in my recent analysis, and if that pans out, it may hinder FTM's ability to climb in price. This will likely bring FTM down to $0.325 at the bull channel support line, where we should look for either a bounce or breakout to the downside.
A bounce should consist of a bull signal bar followed by confirmation, a strong bull bar closing on or near its high. If the price falls through the channel support, we should be looking for a strong bear bar closing near its low followed by a test of the channel low. At this point, we should be looking for a short entry.
Key Points
1. Bull Channel, Always in Long
2. Weekly 200EMA Target
3. Gap to bottom of channel, $0.325
4. Bitcoin leading indicator, risk of pullback
5. RSI around 55.00, Wait for more Price Action.
You are solely responsible for your trades, trade at your own risk!
Let us know what you think in the comment section below!
#FTM Brake out 30 min (watching)#FTM Brake out 30 min (watching)
Small update about #FTM
Vol is increasing nicely
it make a bottom at $0.3424
Now i watching for a possible brake out on the 30 min chart (blue line)
FTMUSDTFTMUSDT is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea ?
Update on $FTMI hope we reclaim the resistance and focus on the target above or we retest below before taking out the targets in the upside
FTMUSDT.P FTMUSD.P Hello dear how to trade learners. This is a long term analysis for #ftm, make sure that you do not enter with all your money. And do not forget this is not a financial advice. This is the reflection what I believe what will happen in the future.
Keep learning.
