FTMUSDMy 2 cents on one of the strongest coin. Risky scenario to bid on.
Prob. approach : 70% to TP1 / 30-40% to TP2
FTMUSD trade ideas
FTMWe need a break to continue growing. I expect a test of the strength of the trend line. However, there are bearish signals on the chart as well. It is a double top pattern, also low volumes do not inspire optimism.
In any case, it is important to keep an eye on the bitcoin, which might affect the situation.
The nearest support zone: 1.44-1.60
Nearest resistance area: 2.27-2.41
descending triangle breakout,, the bottom is behind usbeen extremely bullish the last few months,, the market has done pretty much exactly what i expected so far. i think the BTC bottom is behind us so things are just looking really good right now imo. ive got a stop loss under the triangle incase im wrong though,, wish me luck friends
FTM BreakoutWatch for FTM to close hourly candle above $2.05 for continued rally.
FTM has exited now just watch for confirmation. Then should travel quickly to $2.30
Good Luck
Potential Short For FTM STILL IN BEARISH CONDITIONS FOR FTM AND A SYMMETRICAL PATTERN HAS BROKE WITH A RETEST ON THE LOWER TRIANGLE
STOP LOSS 2.00
TAKE PROFIT 1.64
RISK REWARD 2/1
Please leave a comment as all ideas or corrections to my analysis will be very helpful :)
Fantom fractal points to a retest of all-time-high 3.70If Fantom is able to hold 2.0 above the ema 200, it may repeat the previous fractal.
The ema 5 should be turning up in the next few candles.
Fantom is relatively in a stronger trend amongst cryptos.
Not trading advice
Where Will The Downtrend Of FTM Coin Price End?The weekly technical chart of the FTM suggests a strong consolidation trend in price for upcoming days. The asset is currently stuck inside a consolidation zone and can soon see a strong momentum to a new high. Fantom coin price is trending in a supply zone and may soon see a breakout to a new high in the future. The upside trend of FTM may see a halt near the value of $3. Meanwhile, on the downside, the coin can see a bounceback near $1.5. It is currently trading below the 50 and 100 Daily Moving average, with an upcoming negative crossover in the future. If the coin price see a jumps above 15 to 20% above the current level then a strong momentum can be seen. FTM/BTC pair might also see a strong move in the future.
FTM possible direction Looking for FTM to make a swing to the low, if breaking through the BEARLIN wall. It'll give me some good indication that my play has a higher probability.
FTM back to $3Here we go, BULL SPEED AHEAD.
FTM should ran back to the big resistance at $3
Good Luck
LONG FTM 2.19 TAKE PROFIT 3.50FTM is bouncing from the 618 fib level and reaching the 50% level. the basics of trading would say it's an optimum long entry level. I'm long let's see what it gives
ftm undater 1.5$FTM going down like what i i said before i hope this will hit that's update for it
1-ftm lost big supp and get reject from
2- ema and it's
3-already have big div on rsi
4-over bought on weekly
and now ftm did retrace
so all what i want to see rn to confirm 1.5$ just to loss the white box and that will put ftm in bear market for while
FTMUSD 2H bull signal FTM wants to run so bad, but BTC fears hold it back. Bullish divergence on 2H RSI and AO.
FTMUSD long time frame wedge in playThe sell volume on FTMUSD is declining, and the RSI and AO are tapering towards neutral. If they continue to turn, with sell pressure declining, it could signal an upswing. I'm concerned that it won't be a long term return to uptrend, due to this multi-month wedge in play. I'd treat any swing as temporary especially if Bitcoin doesn't return to strength.
FTM. POSSIBLE PULL BACK IN THE MAKINGFTM has only been under the 200 moving average on the 4 hour chart one time in the past. we made a few re-tests, but failed.
We are below it again, and failed the first re-test.
It could start to trend down to my purple support trendline, and we could be seeing a bounce in the 1.80 area.
If we break the purple support line, we can find further support in the 1.56 area.
Next support levels are 1.26, and 0.96 areas
we also have resistance in the 2.44 area
FTM short after retraceFTM has been on a steady downtrend, and is looking for a new leg up, not only technically but also fundamentally. A lot more users are starting to discover the possibilities of the FTM ecosystem.
Presuming that the trendline from ath is respected then we can see FTM reach the $1.8 zone which is an optimal place for longs.
Watch for rejection from the support trendline (red dashed) and keep tight stop loss.
If we get confirmed breakout from descending trendline (red) Raise stop loss to breakeven.
Depending on whether the overall market is bullish support should hold, but with the current situation a shakeout is possible.
FTM Dude, make it stop!Well, that is a pretty impressive Head and Shoulder that just completed.
Your call to go long, I just grabbed bags of FTM
Good Luck
My Coin of the Year 2022 - FantomHey Trader,
Today I want to introduce you to my favorite Crypto Pick for the Year 2022/2023 - Fantom.
I'm a purely technical trader, I indeed am interested in fundamentals since I am very interested in economics but the key for my decision is always the chart. The Chart on Fantom looks just amazing. As you can see I use Elliot Waves for my technical analysis. In this case we have already printed wave 1 and 3 which leads to our last Wave of the first Cycle - Wave 5.
What's really interesting here. is, that our Wave 1 and Wave 3 are very similar in length, which leads to the conclusion that our last wave has to be longest. Usual targets for an extended fifth are in this case either the length of wave 0 to 3 or the 162% extension of wave 1 to 3, which leads to the target of around 3500 $.
Based on this knowledge I see high chances of FTM to become one of the best performing Cryptos for the next year.
Let me know what you think.
This is no financial advice, just my technical opinion and view.
RT
Fantom (FTM) looking strong despite global pressureFantom (FTM) looking strong despite global pressure.
The RSI support proved as valid another times - very nice.
What do you think? Can we see an ATH? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
FTMUSD signal convergenceFTMUSD telegraphed current market conditions with a convergence of signals.
The black line indicates the day we could safely make a decision with proper risk management, by making sure we wait for patterns and signals to completely mature before making a decisive move.
1. On 17 January 22 FTM was trading above $3.00. That day it reached a local all-time-high, meaning on this particular time frame of a few weeks. The resistance trendline formed by price action (1) shows an uptrend.
However, all of my other indicators signaled an imminent failure.
2. Volume was in decline (2). Old school traders used to say wait for volume confirmation, though I see that less and less now. However, in this context, volume is confirming a weakening of purchasing. You can then see, right of the blackline, an increase in selling to present.
3. The relative strength indicator (RSI) showed two signals. A bearish divergence illustrated in the trendline, which is also a failure swing. RSI has been extremely useful in FTM and SPELL recently and I've watched it very closely.
4. The awesome oscillator (AO) showed a bearish "twin-peaks", which diverged from the price action as well. This demonstrated again a weakening in total momentum.
Using all these indicators to back a theory has become a cornerstone of my charting. Price action alone may not have telegraphed this movement, and if you combine that with good money management principles you could trade this. As an investor (long term holder with staking and farming yields) this tells me when to save cash for discount prices. In addition, in tells me not to rely on yields from liquidity pools that are pegged to this asset. Perhaps, if you were so inclined, this would have been the time to rotate liquidity pools to stablecoin farms, or other strategies.
FTM perp long position Ftm has formed a double bottom but I am not sure of a reversal till I see a confirmation
