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FTM

FTM TO REACH PREVIOUS HIGHS 🥷🏻Greetings, Today we're looking FTM. Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. During May 2021 whilst all alts were booming, FTM went from 15c to 94c, then went back to 15c. In the short term i'm keeping a close eye on the upwards parallel channel that it is working in. If the market structure changes and falls out of this pattern I will act accordingly. Below is a longer time frame of FTMUSDT - We can see the all time high currently sits around $3.40. Buy Zone $1.42 - $1.48 $1.48 - $1.55 Targets $1.78 $2.06 $2.34 $2.58 FTMBTC Chart - We can see here that FTM has really not moved much from it's low support against BTC. Which is great sign and shows a huge upside potential. FTM can only reach previous highs if Bitcoin continues to see green candles, btc controls the markets price. Remember, nothing is guaranteed, control the controllables. Mogues
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by mogues
Ftm a candle close above this line!I don't really know why but sometimes coins do this thing where it wicks above a certain price but doesn't close above it but once it does people start pumping it high above that certain price. its like a resistance but isn't. I find it weird but I've seen it happen quite some time in btc and different coins. Ftm is already bullish to me. To know why look at post below. Im not opening a leverage trade since there is no target about this. You guys can choose what to do. DYOR NFA
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by blz_legend
5
The FTM continues the local upward trendHello everyone, let's take a look at the FTM to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line. Let's start with the designation of the support line and as you can see the first support in the near future is $ 1.45, if the support breaks down, the next one is $ 1.37 and $ 1.31. Now let's move from the resistance line, as you can see the first resistance is $ 1.68, if you can break it the next resistance will be $ 1.86 and $ 2.08. Looking at the CHOP indicator, we can see that in the 4-hour period, despite the last move, we still have a lot of energy to continue.
by cryptodailyuk
FTM: READY FOR A BIG MOVE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this FTM/USDT TRADE setup. FTM looks good here. FTM is breaking out from the bull flag like structure in the daily time frame. Expecting a 100-150% move from here. Buy some now and add more in dips. Entry range:- $1.48-$1.54 Target:- 146% SL:- $1.34 If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
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by CoreCrypto1
FTM (Fantom) Coin Analysis 01/04/2022Fundamental Analysis: 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. Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.” One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost. The ecosystem is based on two main technologies: Lachesis protocol and Opera. The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security. Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes. Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment. The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality. As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency. The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid). In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4. FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents. Fantom uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network. Known as Lachesis, it is an example of a so-called asynchronous byzantine fault tolerant (aBFT) consensus mechanism. By removing leadership among network participants, Fantom avoids low-cost attack risk, while staking adds further user incentives to secure operations using FTM token holdings. FTM exists on several protocols, with ERC-20, BEP2 and Fantom’s own OPERA tokens all circulating. Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts. The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms. Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.” Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents. Through token sales in 2018, Fantom raised almost $40 million to fund development. The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong. The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security. According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform. FTM is a proof-of-stake (PoS) token which in fact exists in several incarnations. The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself. The total supply of FTM is 3.175 billion tokens, of which 2.55B FTM is currently in circulation. The rest will be released subject to a schedule running through 2023. Staking forms an important part of tokenomics, with a proportion of the supply reserved specifically for staking rewards to users who hold FTM. The current CoinMarketCap ranking is #44, with a live market cap of $3,676,923,682 USD. It has a circulating supply of 2,545,006,273 FTM coins and a max. supply of 3,175,000,000 FTM coins. Fantom Market Capitalization, Technical Analysis: we expect the market to reach the 25 Billion dollars. Technical Analysis: There exist Bullish Divergence of Total Value and MACD which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new economical cycle, There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 61.8% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area . Probably we may not again see the 78.6% Fib or bellow... Our Past Analysis for this Asset Acquisition: Initial Asset Acquisition: Addition on the Treasury:
BINANCE:FTMUSDLong
by BitonGroup
2
FTM (Fantom) Coin {Market Cap} Analysis 01/04/2022Technical Analysis: There exist Bullish Divergence of Total Value and MACD which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new economical cycle, There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points. The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Total Value is at 61.8% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area. Probably we may not again see the 61.8% Fib or bellow...
FLong
by BitonGroup
Long term Bullish, but could pull back once more. A couple things: 1) In my previous post I mentioned we would likely come down to the green box and set a bottom, and drew the red arrow. I've adjusted the box to better fit the previous bottoms and tops set but even then we barely scraped the top of it. 2) We have managed to rally right back into resistance, as you can see with the red up trending zone of what was support as well as the EMA spread and the 200 EMA. So, with this being said: a) Green box is providing decent support. b) we really need to break back into the triangle pattern on the daily, as well as break above the EMA ribbon. c) if we do not break above these resistances we could very well double bottom, seeing support at the green box again. Now if bitcoin blasts off to 60k shortly and takes everything with it, we could very well see quite the explosion though these resistance levels to the upside. Do not be surprised if FTM sees another re-test of this green box on the short term though. Overall i'm pretty bullish on this as long as we hold the green box, especially seeing that the majority of coins are now moving upwards as well. This is not financial advice and always do your own research.
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by MarketM8ker
FTM/USDT Graph technical analysis FANTOMCurrent technical analysis for FTM/USDT let me know any questions or any other graphs you would like for me to look at and if you have any criticism on the analysis any comment would be greatly appreciated. Red line = Current support Orange line = current resistance and breakout point Yellow line = Future resistance and optimal sell area if you would like to minimize risks but i would hold but still monitor the chart and if I see a pullback sign i would sell Cyan line = Target selling price Green line = Future resistance if breaks through may reach middle of diagonal channel and eventually the top White arrows = What i think will most likely happen Yellow arrows = Has possibility of happening and pretty likely DISCLAIMER THIS IS THE SCENARIO THAT FANTOM FOLLOWS THIS CHANNEL THERE IS A DESCENDING CHANNEL ALSO MEANING BE VERY VERY CAUTIOUS BINANCE:FTMUSDT NOT FINANCIAL ADVICE DO YOUR OWN RESEARCH I ONLY PROVIDE GRAPH ANALYSIS
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by glebfomin6
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