FTMUST trade ideas
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.
Accumulation areaTo me it is obvious we have accumulation at the strong support level .15-.18 area. Will it make a Head and Shoulders formation, time will tell but as of now, I have been DCA inside the FTM ecosystem.
#FTM No mans landSupport level is $0.3019 -FIB 0.382
Next support is $0.2884 -FIB 0.5
In this zone is a lot Liquidity
$0.3019 - $0.3187
On the Daley chart
We need to brake above 0.3187
And stay above on Daley close,
And than we need to retest the trendline,
Better break ;)
(My) opinion we test first $0.3019
Depends also on BTC
We hit TP-1
No one goes broke from taken profits!!!
FTM daily 🔥 FTM is very nice, with great marketing, I hope you only see green candles and the news of its ecosystem will come out soon, everything will be compared to Bitcoin.
FTM daily 🔥 FTM is very nice, with great marketing, I hope you only see green candles and the news of its ecosystem will come out soon, everything will be compared to Bitcoin.
FTM/USDT In the Crucial Area. Break and Bullish or Rejected ???💎 FTM's recent market activity has undeniably garnered attention. The coin's trajectory showcases a breakout from the Descending Channel, further emphasized by its significant volume and upward momentum.
💎 Interestingly, FTM didn't undergo the typical retesting phase on the resistance trendline post-breakout. Instead, it surged forward, breaking and closing above the resistance level at $0.2195. This resistance has now transformed into a support zone for FTM. Observations indicate that probability FTM has been consistently bouncing off this newfound support, aiming for the next pivotal point: the supply area.
💎 This supply area is a critical juncture for FTM. For the coin to continue its bullish trajectory and reach the subsequent supply zone, it needs to break and sustain above this area. However, the crypto market's inherent volatility means there's always a chance for a reversal. If FTM faces rejection at the current supply zone, it might retreat to its support at $0.2195 to gather momentum for another upward push.
💎 A failure to bounce off this support could see FTM descending towards the demand zone. This demand area is FTM's last bastion for bullish hopes. A breach here could trigger a bearish trend, potentially pushing FTM towards its key support zone.
💎 In a pessimistic scenario, if FTM revisits the demand zone and fails to uphold its position, it could mirror the trajectory of FTM, as mentioned. This would mean a potential downward spiral for FTM, with the coin possibly gravitating towards a strong support area, emphasizing the delicate balance between bullish optimism and bearish caution in the crypto landscape.
#FTM/USDT breaks the Diagonal Trendline and Local support level #FTM/USDT breaks the Diagonal Trendline and Local support level in 4-Hour TF!
UPCOM:FTM looks heavy and we can short it with tight stoploss. The major resistance level is $0.346. The local support level is PDL $0.2955.
#FTM Double Bottom Weekly TimeFrame#FTM
Volume is increasing, Double bottom on weekly time frame,
Some new updates Like Test net,
And FTM didn't a major run yet,
Its a risky one but with high reward
Resistance Zone, can be reversedLast idea
On 4H TF
The first candle has rejected #Resistance. This Resistance is supported by Descending Trend Line and Previous High
I found a #FairValueGap around 0.287 and Support Zone around 0.26 by Ascending Trend Line and Fibo Clusters
I think Fantom can be reversed if it can break this resistance
Wait for next move
Reversal Pattern, A Triple Bottom | Long BiasOn Week TF
Easily spot the reversal pattern which is triple bottom.
Now, Fantom is trading at 0.231x and will being move up to resistance 0.33
Fantom is trading in Triangle Pattern so wait for a breakout
Next weeks for FTM#FTM is very nice, with great marketing, I hope you only see green candles and the news of its ecosystem will come out soon, everything will be compared to Bitcoin.
🔜🔥
Is that a super morning star?Is that a super morning star?
A morning star on valid weekly support and a +RD.
FTM Speculative Asset Play - DeadCOIN?FTM is one of those coins that is in a pretty uncomfortable place for me, Not much going on in the Fantom Ecosystem and a ton of new competition has sprung up over the past three years, However from a technical standpoint FTM looks incredible right now, Id recommend accumulating at least a small bag in case these targets do come to fruition.
Support Zone : $.2570 - $2670
Major Resistance Zone: $.2960-$.3210
Target 1: $.3863 +31%
Target 2: $.4880 +64%
Target 3: $.6101 +105%
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.
