FTMUST trade ideas
FTMAfter supporting the desired area, the sharp move started. The first level I expect to react to is the red box.
FTM/USDT holding opportunityLong time no see,
a possible FTM opportunity for holding is right here although I missed to broadcast it faster here but it is what it is, feel free to enjoy and take your information notes from this chart.
^_^
#FTMUSDT_D Wave II of the recent upward movement in the price range of $0.2550 to $0.2230 is expected to be completed with ABC zigzag pattern and create a suitable buying position.
In this range, there is also the possibility of forming a QM pattern.
The Stop Loss specified in this analysis is very necessary to protect the capital.
FANTOM 💎👻 - Small break and Off to 1.32Wow what a day... what a good day actually.
Price in ascending channel and probably time to take some profit (i did at least).
We have had many delays but 1.32 remains a valid target for the year.
Bitcoin helps, Alts can follow and FTM is one of the favorites.
one Love,
the FXPROFESSOR 👻
let's go!!!!!
(During the process we leave many followers behind. We remain loyal to those who stay💎)
Fantom longFantom broke trough the descending trendline. Asset broke trough the resistance level. Bullish movement to resistance level at 0.35 is expected to happen.
FTMUSDTFTMUSDT was in bearish trend and recently give breakout from falling trendline. Will the instrument continue with bullish momentum?
Fantom – The Path Ahead, Deep DiveTLDR:
Unfortunately, Fantom lost all bullish structure.
The upside of this correction is that FTM’s price is good enough to DCA if you are a long-term investor. I provided the next support levels; in case you are interested.
I charted three scenarios, two relatively bullish and one bearish scenario.
I included two possible swing trade ideas. However, I must say, there are better trades out there, IMO.
Background:
On November 2022 fantom created a bottom in the region of 0.1636 – 0.19 USD in a double bottom.
The first significant resistance FTM had to breach to was in the region of 0.255 – 0.276 USD, which is the same as FTM’s current price.
During FTM’s impulse to the upside it achieved nearly 300% price appreciation in 74 days.
In the past 4.5 months FTM’s price corrected by more than 67%. The time ratio between impulse and correction is 1:2 which is indicative of a deep correction possibly paving the way for the next leg up.
I immediate Support & Resistance Levels:
Resistance:
0.2761. Weekly & Daily Level
Support:
0.255. Previous ChoCh level.
0.2251. 50% of the Wick and 0.786 Fib Retracement (approx.).
0.2124. Daily Wick.
0.1883. Double bottom Support.
0.1637 Double Bottom Support.
Where Do We Go from Here?
Green Scenario:
If BTC and the broader crypto market change direction in the next few days, there is no reason why FTM should be the exception. The first sign of recovery would be a break above the immediate resistance of 0.2761 USD, retest as support and a strong move up.
Orange Scenario:
Assuming that the current correction is not resolved to the upside in the short-term, I expect FTM to retrace at least to the 50% of the wick, move up towards the 0.2761 level resistance and continue up.
Red Scenario:
If the whole market goes to crap, FTM will continue to dip further. However, I don’t think it is likely to drop more than previous bear market low. But, who knows!? Everything is possible (just remember that the good is also possible).
Possible trade Ideas:
1. Support/Resistance Flip
Entry: 0.2761 USD, after retest as support
SL: 0.25 USD, below the last support level
Target: 0.55 USD
TP: 0.33, 0.39, 0.55 USD.
R: R: 1:5 assuming TP2 is achieved.
2. Wick Fill Trade
Entry: 0.2252 USD. 50% of the Wick + 0.786
SL: 0.21 USD. Below the wick.
Target: 0.39 USD
TP: 0.276, 0.33, 0.39 USD. Leave a moon bag.
NFA.
What do you think? Please share in the comments.
Best Wishes to all.
Fantom towards Moon..?👀!! 🚀FTM Today Analysis💎FTM has been tracing a downward channel for approximately a month, signaling a bearish trend. a bullish scenario could unfold if a breakout takes place.
💎If successfully breaks free from the channel, it could signify a change in market sentiment and the onset of a bullish phase.
💎High demand implies substantial buying interest in the token, which could potentially elevate its price.
💎When its price crosses above its EMA 20, it's seen as a bullish signal. This crossover suggests a potential transition from a bearish to a bullish phase.
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
FTMThe FTM cryptocurrency is quite interesting for both spot investors and futures trading. The pattern that has now formed on the chart has worked itself out more than once on other assets. As well as on crypto-exchanges and on currency and commodity assets. Compressing prices in a wedge very often leads to increased volatility after breaking such a wedge. I think that this time he will not let you down. Moreover, now altcoins are at the bottom, the probability of growth is very high. As the issues on Binance and Coinbase are resolved, the market will recover. P.S. Be sure to follow the risk management!
FTMUSDTWe have a strong support that I expect growth from this area. I hope you enter with capital management
FTMUSDT.4HHello dear friends,
*Mars Signals Team wishes you high profits*
This is a time frame analysis for FTMUSDT.4H
We are in a 4 hour period. As you can see, the price is moving above our first resistance zone and we have two scenarios.
First scenario: If the price can stabilize above our first resistance line, we expect it can move to our second resistance zone.
The second scenario: if the price stabilizes below our resistance line, we expect a further drop to the first support zone.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Take care
FTMUSDTHello dear friends
The price range of $0.2929 is very attractive for Phantom, it has reacted interestingly when approaching this range in the past. Of course, it should be noted that the reaction did not create a higher ceiling.
If the downward trend line is broken upwards, provided that the loss limit zone is maintained, there is a possibility of forming an upward trend.
FTM/USDTIn my last FTM analysis I talked about the potential Pennant pattern that FTM was trading in. After founding temporary support at the bottom of the wedge, BTC continued trading bearish and dragged FTM down with it.
As a result, FTM has fallen through the support and is currently looking bearish in the near-term.
Before any chance on a reversal, I think we have to go further down. Blue areas are my targets for the next couple of weeks.
Fantom max pain as unconfirmed double bottom formsFTM weekly 'Never forget what they did' last time FTM looked like this the bears got slayed like butter left behind in the face-rip that pursued FTM racked an impressive 25000% in months and you could hear the bones crack in the silence We, of course, don't suggest the massive run will happen again but a modest return to ATH would still be an impressive 2000% move potentially life-changing for not only the maxis but all buyers around these levels stay true UPCOM:FTM
