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FTMUSDT trade ideas

There are emerging signs of a bullish divergenceIn the 4-hour chart for FTM, there are emerging signs of a bullish divergence, indicating the potential for a shift in market sentiment. The price has reached a key support zone between $0.38 and $0.4, which is recognized as a strong level that could prevent further decline. If the price finds stability in this support area, it could lead to an upward movement, targeting higher levels around $0.44 and $0.49. The formation of the bullish divergence adds to the likelihood of a positive reversal. This makes the current zone crucial for monitoring as it might offer a good opportunity for an upward move if the support holds. Given the current technical setup, keeping an eye on FTM is advisable, as further bullish confirmations could lead to a significant move upwards. However, if the support fails, the downtrend may continue, making it essential to watch how the price reacts in this area.
by MonoCoinSignal
FTMUSDT.1DAnalyzing the daily chart for FTM/USDT, I can outline the critical aspects of the market behavior and potential scenarios: Trend Overview: The chart shows a clear downtrend that started peaking in early 2024, followed by a series of lower highs and lower lows. This indicates a strong bearish momentum. The trendline from the highs provides a visual representation of this downtrend. Current Price Action: Recently, the price appears to have found some support around the 0.2563 USDT level, marked as S1 on the chart. There's a potential that the price is trying to stabilize here, as indicated by the short consolidation phase. Support and Resistance Levels: The key resistance (R1) is at 0.6066 USDT, and further resistance (R2) at 0.9390 USDT. Overcoming these levels would be necessary to confirm any significant bullish reversal. The support level at 0.2563 USDT will be crucial to watch; breaking below this could lead to further declines towards the previous lows or lower. Indicators: MACD: The MACD is near the zero line but remains below it, which suggests the bearish momentum might be waning but hasn't turned positive yet. RSI: The RSI is currently neutral at around 56, which suggests that while the immediate oversold conditions have alleviated, there isn’t strong momentum either way at the moment. Potential Scenario: The chart hints at a possible recovery path with a "zig-zag" pattern marked in green, suggesting an expected retracement or recovery attempt. This would involve the price testing the 0.2563 USDT support level again before potentially rebounding to test R1. Conclusion: Given the data, I'm cautiously optimistic about a short-term recovery, but maintaining vigilance is crucial, especially around the support and resistance levels mentioned. A decisive break above the downtrend line and R1 could confirm bullish sentiment, potentially setting up a more substantial recovery. Conversely, a break below the support at 0.2563 USDT could indicate a continuation of the bearish trend, possibly testing lower levels. As always, maintaining a tight risk management strategy and adjusting to new market data as it comes will be essential in navigating this volatile market.
Long
by MarsSignals
FTM Long Position (Oversold Conditions) Market Context: FTM is at a key support level and is oversold on medium timeframes, making it a favorable candidate for a long trade. Trade Setup: Entry: Long spot position at $0.43 support level. Take Profit: First target: $0.50 Second target: $0.60 Stop Loss: Just below $0.40 📊 This setup aims to capitalize on the oversold conditions and key support, with clear profit targets and a tight stop loss to manage risk effectively. #FTM #CryptoTrading #SupportLevel
Long
by Richtv_official
Fantom | FTM & Andre Cronje FTM jumped 300% since Defi father aka Andre Cronje is back as vice president of memes at the fantom foundation! wait a what... FTM has been one of the best performing tokens of 2023, pulling off a series of impressive gains in the last few weeks the price of Fantom is $0.53 today with a 24hour trading volume of 315 million dollar. This represents a 4% price increase in the last 24 hours and a 11% price increase in the past 30 days. Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. .on Jan 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network and ftm whales use every opportunities to accumulate as much as they can since we published our first ftm chart and hit all targets - 100% gain - its time to look at the chart again and set new targets. The daily EMA showed bullish signal at 0.35 and it shows the down trend is over. RSI shows bulls are in control. ftm successfully broke ascending triangle at 0.23 and broke 0.29 and 0.31 resistance as well. next targets for FTM are 0.57, 0.59 and 0.63$ and if you trade with btc pair ftm broke 000016 resistance and heading to 000018 and 000020
Long
by moonypto
4
Crucial Points To Prevent Further Price DeclinesBINANCE:FTMUSDT FTM is trading within the $0.46 to $0.48 support range. These levels serve as crucial points to prevent further price declines. If the price stabilizes within this range, there is a potential for an upward move. Potential Scenarios: Maintaining Support and Moving Upwards: If the price holds within the $0.46 to $0.48 range, there is a possibility of rising towards the $0.54 and $0.55 targets. These resistance levels could act as short-term price objectives. Breaking Support and Continuing the Downtrend: If the price fails to maintain these support levels and drops below $0.46, selling pressure may increase, leading to a move towards lower levels. In this case, traders should closely monitor the market's behavior.
by MonoCoinSignal