🔥 FTM 6-Month resistance Break Out!FTM has broken through a 6-month resistance. This might be the moment that bulls have been waiting for to step in.
Note the break-out and consequential retest of the diagonal resistance. This often means that the switch in trend has been confirmed and that we will continue to go this way.
To get the best risk-reward, I put the stop below the daily low and the target at the April highs.
FTMUSDT trade ideas
Fantom H1 2023 OverviewThe blockchain landscape continues to evolve at a rapid pace, with innovative projects
seeking to address the scalability and performance limitations of early-generation
blockchains. Among these projects, Fantom has emerged as a promising contender in the
very competitive landscape of Layer 1 blockchains, boasting a high-performance blockchain
architecture that aims to revolutionize decentralized applications and financial systems.
In this quarterly analysis, we will dive into the architecture of Fantom, exploring its key
components, strengths, and potential areas of improvement. The purpose of this report is to
highlight recent developments being made on Fantom’s roadmap, observe the broader
Fantom ecosystem and how it's held up with the tumultuous post-FTX crypto landscape and
observe potential futures for Fantom as a highly performant Layer 1 blockchain.
Fantom places scalability and throughput at the forefront of its design philosophy. At the
heart of its architecture is its Directed Acyclic Graph (DAG) structure, an alternative to the
linear designs present in other blockchains’ architectures. This DAG structure helps enable
the parallel processing of transactions, unlocking the potential for significantly higher
transactions per second, one of the key benchmarks for highly scalable blockchains. By
leveraging this innovative design, Fantom aims to overcome the scalability challenges faced
by traditional blockchains, allowing for real-world applications that require rapid transaction
finality and high throughput.
Critical to the Fantom architecture is its consensus mechanism, the Lachesis Protocol. This
mechanism, built upon an asynchronous Byzantine Fault Tolerance (aBFT) algorithm,
ensures secure and efficient consensus across the network. With aBFT, Fantom achieves fast
transaction finality, with confirmed transactions occurring within seconds. This rapid finality
enhances user experience and opens doors to high-frequency trading, real-time payment
systems, and other time-sensitive applications.
Through the use of Fantom’s aBFT technology, it’s also possible for the blockchain to
achieve true finality, a term that describes the fact Fantom doesn’t have to worry about
waiting for transaction confirmations; when a transaction is sent, it is confirmed. The chart
below shows the benefits of Lachesis aBFT compared to other consensus mechanisms, with
Fantom achieving scalability, lower latency and a relatively high ratio of decentralization.
For the full report click here .
ftmIn the previous analysis, we expected an upward movement in this area. If there is support in this area, we can consider the three red lines as resistance in the first step.
$FTM ANALYSIS UPCOM:FTM is retesting the strong horizontal support at $0.18. A successful retesting of this support level and rebounding would be the bullish confirmation, while a breakdown of this support level will result in a bearish momentum.
At least, we can see a marubozu candle in a weekly timeframe with high volume and #MACD crossover is losing bearish momentum.
adam and evePossible adam and eve formation.
just looking on smaler timeframe for entry.
always use SL.
good luck.
sorry for my bad english.
Focus on FTM : Breakout on the Horizon with Rising Momentum💎Yello Paradisers! Prepare yourselves for an exciting journey with FTMUSDT. We've identified a successful exit from the descending channel, laying the foundation for a likely bullish rise.
💎Based on our previous evaluations, we observed the transformation of demand into supply, with FTM making contact with the lower channel support.
💎Currently, the notable volume in VRVP is hinting at a potential upward journey shortly. Surpassing the monthly resistance is expected to strengthen this upward momentum.
💎On the other hand, if the price penetrates the 0.1707 level, it may escalate the bearish momentum, with the price potentially reapproaching the previous support level.
💎Proceed with prudence and apply rigorous stop-loss protocols for trading Fantom. Remain alert to the unfolding market scenarios and stay updated with more insights!
FTMUSDTFantom found support at the bottom off the range. Currently breaking bearish trend.
Buy the blood.
Fantom might be a repeat setupFTM 1day took a good beating lately with the Multi exploit and other issues but the FF is still out there transparent and open with users and investors to build back This time is nothing they have not endured in the past to come back stronger like many other protocols With increased volume we think FTM could be a good bet for some gains through the coming months The team is still building and the release of the FVM is scheduled for the eoy 2023 The Foundation has acknowledged the need to be more attentive to business building into the future and to us is looking solid still Price is at long-term support from about a year ago and looks likely to be the pivot point Other indicators are backing the pivot but this will be relying on BTC behaving itself and also increased volume through October-November for the push to 0.33 resistance area first stop
FTMUSDTHello friends. nothing is impossible. We see that on the daily time frame, the price crossed the long-term bearish line and reached high resistance. Although the possibility of horizontal movement is greater than the increase in price
#LQR #TOBTC #FTMthese levels are important for next 8H in Fantom
add to you'r watchlist and allways DYOR
FTMUSD ❕ reached the supportFTM has reached support.
Trading volumes remain stable.
I think that the price of the asset will start growing after fixing above the resistance level.
FTM Possible Playout ChartFTM price movements are predicted to increase after indications of a double bottom on Monday. Of course, this is a consensus that FTM is likely to experience quite a strong increase this week. The potential increase for FTM is at $0.1979 with a potential of 5.56% and for bearish confirmation from FTM it is at $0.1837 if the price closes below. In terms of RSI, currently FTM is in the golden cross area and is in area 43, which means it is in consolidation and sideways. paraphrase and provide the necessary sentences
FTM ANALYSIS (1D TF)Examining the waves, I found that FTM inside a time-consuming diametric. This corrective diametric is large and time consuming and is related to the daily time frame. Now, we seem to be inside this diametric wave E, which itself is a diametric. I have drawn the expected movement path from FTM on the chart. I have such an expectation from FTM.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Fantom is a big Scam??Fantom Downhill. This coin has no attempt to grow. A big scam that the programmers of this currency brought to investors. There is no hope for this coin. It seems that this currency is empty of buyers and sellers. Curse on the creators of this currency.
