FTM Might go parabolic.Not in a Trade yet because it does looks bearish in LTF but will take risk on this one cause my sixth sense is telling me this is going parabolic very soon.
Not actually Sixth Sense but if you look in HTF Weekly or monthly the chart looks like it have done what should be done in the bottom.
Looks like pretty simple Triple Bottom and i have to add one more thing the next HTF resistance which is around 0.5500-0.6000
I don't think it is going to hold over there because when it was moving from double bottom this resistance didn't worked and then it deviated from it and gets back into the range.
The price action of this Shitcoin is way way more faster than other coins.
You can go to the up move or down move(previous) and watch it closely in LTF.
Most of the times the resistance/support level doesn't work anywhere and just get retested for continuation.
I'll long the 2H trend line breakout or will long the in the red area.
Targeting 0.5
Targeting 0.9
Note: Not a Financial Advice.
FTMUSDT
FTM/USDT In the key level area. Success Break or Rejected ??💎 FTM has indisputably attracted considerable market attention. Currently navigating a pivotal juncture, FTM finds itself confronted with a formidable strong supply area. The historical struggle is evident in FTM's attempts to breach this area, marked by consistent rejections followed by downward movements, which underscores the significance of this challenge.
💎 However, envisioning a scenario where FTM successfully conquers the robust supply area would signal a bullish confirmation for the mid-term, Probability facilitating a smooth journey toward our targeted major supply area.
💎 Conversely, if FTM encounters hurdles in breaking the supply area in the imminent future, there is a potential for a return to a downward trajectory. FTM might retreat, engaging in a retesting phase at the demand area of $0.262 - $0.248 to initiate a fresh breakout.
💎 The unfavorable scenario materializes if, during the retesting at the demand, FTM struggles to uphold its position and breaches the demand area. In such an event, FTM would revert to the subsequent lower demand area at $0.218. Here, FTM is presented with a final opportunity for a resurgence if it successfully reclaims the demand at $0.262. Failure to do so would extend FTM's downward trend, culminating in a return to the robust support area.
FTM's Situation: What Shall we Expect ?➡️Double bottom is in forming on weekly timeframe.
Looking for the retest of the neckline, If the neck breaks, it will witness good growth.
- High potential areas are clear in the chart.
- You can look for reasons to enter according to your own personal strategy after approval.
-AB=CD
🤑Stay awesome my friends.
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✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
#FTMIn the lower times of H1 to H4, it is moving in a short-term ascending channel, and around the bottom of the channel, a divergence has occurred in MACD, which has also formed a corner pattern, which can have a short correction for the top of the channel until around the bottom of the channel. OK. In addition, the most important resistance to continue the upward path is the range of 48 cents, which with the break of the range of 48 cents will have the ability to continue the rise of the red box.
Brief Analysis——FTMAt the end of last week, we can see that the L1 and L2 block-chains took over the market’s eyes and saw further rises with the support of the inscription on the chain or the expectation of the Dencun upgrade. After the weekend, BTC once again failed in its attack on 44,000, and the market began to correct.
Today we take a look at the performance of FTM, the token of Fantom in this round of the bullish market and its current situation. Fantom is a block-chain focusing on the Defi field. Although it has not performed well in this bullish market, it is ahead of most other chains. In mid-2023, Multichain, the stablecoin issuer on FTM, had funding problems, which once dragged FTM down and fell sharply. Fortunately, Stargate's access even solves this potential risk. Perhaps without this unexpected incident, the rise of FTM would have further expanded.
Before analysis, let us first introduce the TSB (Trend Sentinel Barrier) indicator. This indicator is a trend indicator that uses a specific AI algorithm to calculate the accumulated long and short transaction volume, identify trend directions and opportunities, and calculate the short-term average cost based on the long and short hand changes in the multi-cycle trend, thereby more effectively seizing the trend. This indicator will give clear BUY and SELL signals, and the wavy area will provide support or resistance to the price movement, so that traders will not become paper hands due to callbacks during the rise (such as now).
At the daily level, we can see that both the decline started in May and the rise started in mid-October. The TSB indicator is always valid on FTM. The red and blue wavy areas always play the role of resistance or support in determining the direction. At present, FTM is far away from the wavy area on the daily level and continues to maintain the bullish trend.
Switching to the 4h level, you can find that the TSB indicator is still applicable. After the TSB indicator prompted a BUY signal in early December, FTM rose. You can see that although the FTM has experienced several large corrections on the candle chart, the TSB indicator has not exceeded the wavy area. The rally resumed shortly thereafter. FTM pulled back again this Monday and is in the wavy area on the TSB indicator. In this case, within the 4h level, the FTM uptrend has not been broken.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
FTM/USDT Bullish Movement from Demand Zone? 🚀FTM Analysis💎 Paradisers, let's take a closer look at #FTMUSDT, which is currently showing a compelling market behavior. After facing rejection from a supply zone,it is now setting up for a potential bullish continuation from a key demand zone.
💎 #Fantom is eyeing a bullish continuation from the demand zone at $0.4533. If it manages to sustain momentum above this level, we're likely to see a bullish trend develop. With continued upward movement, UPCOM:FTM target could be the significant supply zone at $0.880.
💎 However, the volatile nature of the crypto market requires readiness for different scenarios. If #FTM struggles to hold its ground within the $0.4533 demand zone, we might need to consider an alternate strategy.
💎This could mean anticipating a bullish recovery from a lower demand level at $0.3797. Yet, it’s important to remain cautious: a descent below this level might indicate a potential shift towards a bearish market direction. 🌴💰
FTM/USDT preparing for bullish move after retest?👀🚀 Fantom💎 Paradisers, let's focus on #FTMUSDT as it showcases a pivotal market movement. Recently, it has successfully breached a key resistance level, hinting at a possible bullish trajectory following a retest.
💎 #Fantom has impressively broken above the significant resistance at $0.5303. There’s optimism that it will revisit and retest this level, which could serve as a launchpad for a bullish move. Should UPCOM:FTM maintain its strength above this newly established support, it’s targeting the resistance levels of $0.6705 and potentially $0.9714.
💎 Yet, the crypto market is known for its volatility. It’s crucial to have a plan for various outcomes. If #FTM finds it challenging to sustain its position above this support, we may need to adjust our strategy. This could involve preparing for a bullish recovery from a lower support level at $0.4509. A break below this level could be indicative of a shift towards a bearish trend. 🌴💰
back to breakeven...? (FTM)❤️❤️Thanks for boosting 🚀 and supporting us!
📈wait for pollback to break of zone/
📊 (Buy) : 0.3725
🔴 Stop Loss : 0.3404
🎯 Take Profit : 0.3970 - 0.4409 - 0.4965 - 0.5285
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
$FTM Reached to 2nd Target & Ready To Attack The 3rdHi guys,
UPCOM:FTM was finally able to reach the 100WMA and by crossing this resistance level, it crossed 50 cents and touched our second target. Regarding the crossing of the 50 cents level, as I wrote earlier, if we see a weekly candlestick above $0.5 tomorrow night, we can expect the third target at the $0.64 level to be available soon. Also another important event is the formation of an intersection between the 100WMA and the 200WMA, which can easily throw UPCOM:FTM towards $1.
CRYPTOCAP:BTC has given investors rich profits since its last recorded low, and now there is an opportunity for "Smart Money" to flow into the top projects of the crypto market. After Solana's CRYPTOCAP:SOL and Avalanche's CRYPTOCAP:AVAX we all know about the high potential of Fantom's UPCOM:FTM and this has made us wait longer for the growth we expect from $FTM. But at the same time, we should not forget to save profits and not be greedy.
This is not a financial advice & do your own research.
Please "Like" & "Follow" if you want to see more of these ideas.
BJWise,
Goodluck
FTM → Fantom Closing in on Major Resistance. What's Next!?Fantom has been marching toward the next key resistance zones ($0.53 and $0.65) as Bitcoin inches toward it's major resistance area of $46,000. The crypto market is burning hot, most tokens are multiple legs into this bull run, what should we expect next?
How do we trade this? 🤔
FTM is clearly aiming to touch $0.53, that almost seems inevitable. What we need to watch out for in these areas is a strong sell response to the resistance zones. If we're going to look for the reversal trade, it is a *must* that we see a strong sell off followed by a re-test of resistance, then a strong bear candle confirmation on a new low. The goal is to get into the trend as early as possible (thus, reversal trading), but you can't short bull candles closing on their highs.
It's reasonable to continue long scalping on smaller timeframes like the 15m and 1hr charts. Our bias ought to remain long until that reversal opportunity shows up. My recent Lifetime Bitcoin analysis covers my rationale in looking for a strong reversal to the $20,000-$25,000 area before the next all-time highs are achieved:
💡 Trade Ideas 💡
Long Entry: $0.48
🟥 Stop Loss: $0.41
✅ Take Profit: $0.55
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Looking for A 4th, Watch for Trend Change.
3. Ascending Wedge Breakout to the Upside, Target $0.53.
4. Look for Resistance at $0.53, Support, Potential toward $0.655.
5. RSI over 70.00, Watch for Pullback.
💰 Trading Tip 💰
It's reasonable to take half profits at 1:1 Risk/Reward on a swing trade and move the stop loss up to entry. This secures profits, and allows the latter half of your position to be executed without the worry of loss, improving trading psychology.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Fantom: A thing that exist only in your imagination!FTMUSD is a great opportunity to take profits!
Extraordinary Risk to Reward trade for a cryptocurrency that is favored by crypto experts fundamentally! around days which BTC potentially is experiencing last days before a sharp move!
Look at my old days BTC analysis and see how easy was to get a good profit out of short and long positions during the last 24 months!
What we see in the chart is a powerful OB+ and what we expect is a reversal!
FTMUSDT.1DBased on the provided market data, FTM (Fantom) is currently trading at a price of 0.4911 USDT. The Relative Strength Index (RSI) values for the 4-hour, 1-day and 7-day timeframes are 74.48, 78.01, and 73.34 respectively. These RSI values indicate that FTM is currently in an overbought condition in all three timeframes. This could suggest a potential price correction in the near future.
The Moving Average Convergence Divergence (MACD) values for the 4-hour, 1-day, and 7-day timeframes are 0.0233, 0.0390, and 0.0253 respectively. The positive MACD indicates that the short-term momentum is greater than the long-term momentum, suggesting a bullish trend.
The Bollinger Bands (BB) for the 4-hour, 1-day, and 7-day timeframes are 0.5290, 0.4912, and 0.4640 respectively. The current price is close to the upper Bollinger Band in all three timeframes, indicating that the market is overextended and a price pullback might occur.
The support levels are at 0.3724, 0.2830, and 0.2357 for the 4-hour timeframe; 0.3940, 0.2798, and 0.2485 for the 1-day timeframe; and 0.2798, 0.1945, and 0.1740 for the 7-day timeframe. The resistance levels are at 0.5659, 0.6232, and 0.6510 for the 4-hour timeframe; 0.6512, 1.0310, and 1.4260 for the 1-day timeframe; and 0.6545, 1.091, and 1.4820 for the 7-day timeframe.
In conclusion, although FTM is currently in a bullish trend, the overbought condition suggests a possible price correction in the near future. Therefore, it might be wise to monitor the market closely and consider taking profits or setting stop-loss orders to protect your investment. As always, it's important to do your own research and consider your financial situation and risk tolerance before making investment decisions. Please note, this analysis is based on the technical indicators and does not consider any fundamental factors like news or events related to FTM.
A Trader's Perspective on the Formation of a Triangle PatternHello, friends! I want to share my forecast for the FTM coin in the cryptocurrency market. Recently, I noticed the formation of a triangle pattern on the weekly chart, and I believe that this could be an interesting signal.
My analysis suggests that there is a possibility of a pullback to the range of 0.24, where I plan to consider buying FTM for a long-term position. However, I want to emphasize that this is just my opinion and should not be taken as financial advice.
As a trader, I understand that making decisions in the cryptocurrency market requires thorough analysis and risk assessment. Therefore, before making any transactions, it is important to conduct your own research, consult with professional financial advisors, and evaluate the current market conditions.
Remember that the cryptocurrency market is highly volatile, and investments always come with risks. Be cautious and make decisions based on your own analysis and careful consideration.
I wish everyone successful trading and the ability to make well-informed investment decisions! Stay updated with the market, be prepared for changes, and never stop learning and growing as traders. Good luck!
FTM ANALYSIS🔮#FTM Analysis : Pattern Formation 💰💰
📈📈 #FTM is making perfect "Double Bottom Pattern". If #FTM breakout the neckline and also retest the level then we can go long for short term💲💲
🔖 Current Price: $0.4340
⏳ Target Price: $0.9207
⁉️ What to do?
- We can trade according to the chart and make some profits in #FTM. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#FTM #Cryptocurrency #DYOR
FTM/USDT: Poised for a Promising Bullish SurgeFTM/USDT appears to be laying the groundwork for its upcoming bullish move, presenting an exciting opportunity for traders. The current market sentiment suggests that a notable price rise of 15-30% could be on the horizon. It is crucial, however, to conduct thorough research and analysis (DYOR) before making any investment decisions.
Please note that the information provided here is for educational purposes only and should not be considered as financial advice. Traders are encouraged to evaluate the market conditions and their own risk tolerance level before engaging in any trading activities.
FANTOM - Boom! +150% Banked ✨In our last analysis, we identified we were in a correction were looking for a move up to complete wave B, subwave c. We are now nearing its completion and have banked over 150%.
We are now focusing our efforts on finding the reversal point for the next big trade. We have the fib levels falling in line with the recent highs.
Trade Idea:
- Watch for price to enter our reversal zone within the fib levels
- once there, look for rejection signs
- use trendline break or BOS for entry
- Targets: 0.17, 0.8, taper thereafter
Goodluck and as always, trade safe!
See below for our previous analysis.
FTM target 1.141D time frame
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FTM is creating a double bottom structure, which spends around 600 days so far. According to Fibonacci Extension, we can have final target for this structure. However, neckline 0.65 is the obvious resistance that might reject price to keep pumping firstly. Also, FTM is doing a potential Elliott impulse wave on lower time frame, that would provide momentum for FTM to get closer to neckline.
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TP: 1.14
SL: 0.2694