FTM - Triple TopFTM - Long....Tripple top is imminent in the coming days.
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30 days forecast.
Disclaimer: Take trades at your own risk.
FTMUSD.P trade ideas
FTMUSD multiple time frame / candlestick analysisWhile this macro pattern is concerning, the short term gives hope. As shown, the last 1D candle was very bullish. Reflectively, the underlying 4H pattern looked like a typical bottom pattern. Bitcoin also printed a bullish candle in this time frame, but the macro pattern would need to confirm to invalidate this.
$FTM Bounce Plan 1/24/22Hoping for a macro bounce into supply before continuation of bearish macro downtrend
FTMUSD (4H) Bullish reversalHi Traders
FTMUSD (4H Timeframe)
Waiting for the upward break of 2.39 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 1.90 would cancel the bullish scenario.
Trade details
Entry: 2.39
Stop loss: 1.90
Take profit 1: 2.69
Take profit 2: 3.18
Score: 4
Strategy: Bullish reversal
FTMUSD ahead and shoulders formingBTCUSD is printing a large double top. In response, FTMUSD is forming a bearish head and shoulders. Now, traditionally many traders used to say don’t trust an HS if the support line is off X axis. Either way, it’s testing this support trend line for the third time. BTC would need a rally to turn us around I fear. On chain indicators show some room left to go lower.
FTMUSDT Short Idea All cryptos are facing big corrections right now, with Bitcoin down 10% since last week. FTM is one of the only Alt-coins that hasn't seen a big price drop yet, due to the trading volume and market capitalisation. However as BTC usually drives this market, it's likely for FTM to also fall from its current levels. To mitigate risk, the stop-loss is 5% from the entry point. The target is a retest of the previous support level, $1.45.
FTM/MATIC 2023 TargetsAfter retracing to 0.75, resistance will be met above, as shown. I would write the values here, but I can't see them as this Publish Idea window overlay blocks the chart.
Fantom preparing for its next bullish extension - Target $ 20Hey Trader,
please see my Current idea on Phantom, where my count suggests an impact of our Wave 3 at around $ 20.
For further information, please see below.
This no financial advice.
RT
FTMDaily Crypto Report
FTM sitting at a very critical support level. The 1.82 support level also coincidence with the fib golden pocket retracement. If the 1.82 support level is taken out then it will be an easy ride down to the 1.29 and then 0.93 support level. FTM does seem to have a double top breakout to the downside with increasing volume so it might retest to the blue lines and then sell off. A full measured move for the double top is down to the 0.93 level. The double top can only take place if it takes out 1.29 support level. I also want to note that on the weekly chart it is doing a bearish engulfing candle. I'm staying neutral until the 1.29 level can be taken out.
DONT FREAK OUT!! FTM is still in consolidation.On the longer term chart we can see that FTM is still in a bullish consolidation pattern. Even though we had a decent drop this is the best thing that could've happened for fantom on the long term. If we can get a third confirmation of the lower trend line as well as the upper, this pattern will be confirmed. Remember though, even confirmed bull flags only break bullish 60-70% of the time. Patterns can fail and do all the time.
I expect FTM to break out of this pattern sometime april-june, as these patterns usually don't exhibit breakouts until the price action has moved to about 70% the way through the pattern.
Notice where I have circled the volume. The volume now is much much lower now than it was when FTM was in a rally. This is also supports the idea that were still in a consolidation pattern, however a long-term one.
FTM Short after it's next rallyFTM is a fantastic project and I made a mistake not holding this short and entering long on TOMB Finance.
It will bounce as BTC will over the next week or 2 and most likely regain over the 2.1-2.2 area, here I will be exiting positions with whatever cash is left and entering short for the weeks afterwards. I will accumulate more FTM on the way down but it is never good to catch a falling knife. This chart looks to be a few weeks behind BTC's, which means it could fall 50% from here still.
NEW ATH IN FTM IM PRETTY SURE HERE IS THE NEW SOLANA.Goog point to. buy right now for your porfolio is gonna be more bogger than solana in the next months trust me
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FTM to $2.13 levelFantom just broke bearish from this continuation pattern which is nestled inside a larger H&S pattern.
FTM also rejected pretty hard right at the top of the red ichimoku cloud.
Both patterns give a target price of around $2-2.2
I am expecting FTM to pull up a bit and touch the trendline it broke out of before continuing to the downside. This would be optimal as it would reset the RSI on lower time frames for a continued downward move.
I have set up on the chart my intended play with take profit and stop loss levels.
This is not financial advice. Trade at your own risk.
*NOTE* If fantom does not retest the trend line I will likely set up a long position after the price target has been reached. FTM needs to do this rather soon or else it will continue to fall, in accordance to the ichimoku.
FTMUSD RSI price divergenceI’ve been detailing the way in which SPELLUSD is sensitive to RSI signals; especially price divergence.
Here, price was setting higher highs while RSI was at lower highs. This same signal is been extremely reliable for SPELL as well. I’m waiting for price to pattern out before we declare any change in trend.
$FTMThe Fantom price keeps finding support on its previous bull pennant pattern. Now, it looks like it's forming a triple bottom pattern on the 4hr. I'd be looking to see price break above the white line, retest, and keep moving up. The MACD and Stoch RSI also look bullish.
Fantom longFantom bounced off the support area. Asset bounced off the ascending trendline. Bullish movement to resistance level at 3.38 is expected to happen.
$FTM$FTM - Identical Repetition over Time
$FTM looks - Parabolic Step curve in making.
Having a close look at the Chart one may observe :
Scene 1 : Might Go further down to Yellow rectangle zone to reach green line or
Might get oscillated in Yellow ranges.
Scene 2 : IMO - this is most likely., as the coin heads down to Green Line to make new ATH.
$FTM might do a $LUNA or $SOL IMO., considering a long term prospect.
FTM Fantom rejected by GANN trendline...Big fall may be coming.If FTM does not hold 2.86, there is a weak support at 2.50.
However the only strong support is way down at 2.00,
which is also the FIBONACCI 61.8% level & dma200.
Also looking like a running flat correction.
Not financial advice.
FTM - SOL comparison - Interesting TOP formationspretty self explanatory. looking at topping price actions here.
ive tried to keep proportions the same. you'll note FTM moves harder than SOL. prob because it's much smaller cap.
maybe we repeat SOL's topping price action with FTM . ill be watching this one.
does btc play ball here?
gl
FTM trend retest confirmationFTM FA bullish as hell with strong efi and TVL some of the highest in the space. this retest is bullish and huge for the next leg up for fantom. i could see 3.5 blown past and 4 within sight.
fantom price actionftm bullishness is not yet confirmed ,it will give one more bear move to the down side
