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Fantom
TradeCityPro | FTM : Evaluating Parabolic Trends👋 Welcome to TradeCityPro!
In this analysis, I’ll review another coin from our weekly watchlist, FTM (Fantom). Previously, I analyzed this coin, highlighting the breakout trigger at 0.8401. If you entered a position or bought in the spot market, you likely secured solid profits. Let’s re-evaluate this coin with fresh insights, analyzing it on the daily and 4-hour timeframes.
📅 Daily Timeframe: Weekly Resistance Break with Trend Weakness
On the daily timeframe, FTM is exhibiting a parabolic trend accompanied by a curved ascending trendline. So far, the price has reacted to this trendline three times, each time resuming its upward movement and ending corrections.
📈 In the last leg of the uptrend, after breaking the 0.7707 resistance, the price surged to the weekly resistance zone at 1.1116. The price even stabilized above this level; however, the trend is not in an ideal state.
🔍 Following the breakout of 1.1116, candle sizes have gradually shrunk, corrections have deepened, and volume has been declining. Additionally, the RSI is showing signs of a divergence that hasn’t yet materialized but could influence the chart upon a breakdown below 55.74 on the RSI.
🔑 A notable aspect of sharp trends and pre-pump movements is their inherent trend weakness and potential for reversals. Interestingly, when trend weakness peaks, the trend often resumes sharply with large candles, nullifying all indicators of weakness and aligning them to support the trend.
🔼 If the trend continues, the first resistance level, a minor resistance, is at 1.6218. If the price stabilizes above this zone, the next resistance lies at 3.2506, the strongest resistance for FTM. This zone is near the ATH and represents a major supply area.
📉 In case of a correction, the first immediate support is the curved trendline, which the price may react to. If this trendline breaks, the next levels are 1.1116 and 0.7707. A stabilization below 0.7707 would invalidate the bullish scenario, and the price could target supports at 0.5349 and possibly 0.2928.
⏳ 4-Hour Timeframe: Moving Within an Ascending Channel
On the 4-hour timeframe, the price is moving within an ascending channel and is currently interacting with the channel's midline. So far, the channel's bottom has provided strong support. As long as the price remains within this channel, no sharp movements are expected.
🚀 If the channel breaks upward, two scenarios may occur:
Trend Exhaustion: The price could re-enter the channel, leading to a loss of bullish momentum and increasing the likelihood of breaking the channel downward.
Parabolic Continuation: The price could break the channel with high momentum and large candles, initiating a new parabolic uptrend.
The next static resistance is at 1.636, a suitable futures trigger level. However, the price has not reacted to this zone yet, so it’s safer to seek long positions based on Dow Theory and channel breakouts.
🔽 For short positions, I would personally wait for a channel breakdown and possibly a break below 1.0957, although this would be a high-risk setup. Instead, I prefer to wait for a clear trend reversal on the High Wave Cycle or Medium Wave Cycle before entering.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ above.
FTMUSDT (Fantom) Updated till 16-12-24FTMUSDT (Fantom) Daily timeframe range. its moving steadily for a while now. very close to 1.5512 resistance if it can stay above 0.9803 that resistance can be taken out. and that can open up ways to 2.0512 and above.
FTMUSDT: %80 VOLUME SPIKE | BIG OPPORTUNITYFTMUSDT has experienced an 80% daily increase in volume, highlighting growing interest.
🔵 Key Zones: The blue box and green line on the chart mark potential demand areas, ideal for setting orders in preparation for possible bearish year-end market trends.
📈 Entry Strategy: Evaluate these levels only after confirming upward breakouts on the hourly time frame to ensure stronger signals.
⚠️ Risk Management: Always manage your risk effectively, as market conditions remain uncertain.
This is not investment advice stay cautious and trade wisely!
I keep my charts clean and simple because I believe clarity leads to better decisions.
My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups.
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Which path does the FTM choose?Three lines are seen for the continuation of the trend and which one will it follow?
Comment and will it see $70 in this bullish cycle?
I am sure that $14 will be the first and most likely point to reach
$14
$30
$70
$FTM on WeeklyFTM looking good in weekly time frame , breakout the zone and looking nice close weekly candell
Target base on Fibo
But it's better to buy at correction ( maybe in daily timeframe )
FTM 2H. Market Signals Growth. 11/29/24The asset has demonstrated strong resilience and growth despite the overall market decline, suggesting potential for further price increases.
Investors and traders are gradually accumulating this asset, which could signal the market’s readiness for continued upward movement.
I’m considering opening a long position if the price drops again to the $0.9729 - $0.9407 range. The target in this case is $1.1022 - $1.2270.
For spot trading, confidently buy in the $1 - $0.9 range. Targets are 2x from current levels!
DYOR.
Fantom (FTM) Poised for a Massive Breakout or a Major Drop? Yello Paradisers! Are you ready for the next big move in Fantom ? It looks like FTMUSDT is preparing for a massive bullish run that could be just around the corner!
💎Right now, Fantom is forming an inverted head and shoulders pattern—a strong bullish signal. It's currently testing the neckline, and a breakout above this level, confirmed by a surge in trading volume, would give us the green light to plan our entry for a buying opportunity.
💎For this bullish scenario to materialize, FTM needs to break above the critical resistance level at $0.5300. A successful move past this resistance could trigger a significant rally, targeting the next resistance zone around $0.7717.
💎However, caution is crucial here! If the upward momentum falters, we might see a retreat to the lower support area near $0.3664. A daily close below this support would invalidate the bullish outlook and could signal further declines.
Stay focused and disciplined, Paradisers! Remember, only the patient and strategic will reap the rewards in this market.
MyCryptoParadise
iFeel the success🌴
FTMUSDT - Buy high sell higher!Weekly chart displays breakout a multi years symmetrical triangle + the neckline of inverse H&S pattern confluence with the upper side of the symmetrical triangle.
price is based at strong support (0.618)
u are wrong if u think FTM is too high to buy!
this chart clearly shows that a massive potential targets ahead
it will be the december coin!
Best regards Ceciliones🎯
FTM LongFantom Confirmation Low at support with bullish divergence, backtest of the 200 ma and in a longer term uptrend. Good RR for the first target and following ones. SL can be placed below support if you wanted it looser
FANTOM BULLISH-POTENTIAL 6.39RRFantom (FTM): A Bullish Opportunity with Controlled Risk
BINANCE:FTMUSDT
The current price action of Fantom presents an attractive setup for taking calculated risks. Here are the key bullish arguments supporting this perspective:
Previous Monthly Low (PML - November): Disrespected, signaling strength.
Previous Monthly High (PMH): Disrespected, further affirming bullish momentum.
Monthly Bullish Fair Value Gap (FVG): Holding so far; confirmation expected by early Sunday morning.
Previous Weekly High (PWH): Disrespected.
Previous Weekly Low (PWL): Disrespected.
Daily Bullish FVG: Being respected, showing demand at this level.
4H Swing High: Disrespected.
4H Swing Low: Disrespected.
Bearish Arguments:
Previous Daily High (PDH): Respected, a minor resistance to watch.
Previous Daily Low (PDL): Respected.
Trade Management:
Stop Loss (SL): $0.84–$0.82
Take Profit (TP): $1.90–$1.88
Entry Zone: $0.9951–$0.9683
Risk-to-Reward Ratio (RR): 6.39
I am using Quantfury to manage this trade, a platform I find effective for precise execution.
Final Thoughts: The market appears poised for further upside, but stay disciplined and avoid being influenced by noise. The next five months are crucial for crypto, requiring full focus and adherence to your own strategies. Remember, every lesson comes from experience, not just from external opinions.
Stay patient, trade smart, and blessings to all!
FTM has a very good investment opportunity Hi Everyone;
today we have a good risk to reward Investment opportunity
it is more than 700 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
FANTOM ($FTM) Set to Surge – Heading Above $10 Soon!UPCOM:FTM Macro:
The quarterly and monthly signals are active, and the previous entry at 55c won’t be revisited.
This is a macro view, and I expect UPCOM:FTM to break above $3 and potentially aim for $12.
Dips are for buying. I just added more after reclaiming December's open. If it dips below $1, consider it a solid buying opportunity.
Stay patient and watch the price action closely. BINANCE:FTMUSDT
Fantom(based on NEowave)this is just the start but wait for the correction(wave G) and buy for huge targets. it can hit 120$ in a year and 200$ in 1/5 year.
Fantom (ftm)Ftm usdt Daily analysis
Short position
Time frame 1 hour
Risk rewards ratio >1.2 👈 for first target
Second target 0.68 $
Fantom / FTM analysisFtm pumped almost 300% since Andre Cronje back as vice president of memes at the fantom foundation!
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 $0.54 today with a 24hour trading volume of 650 million dollar. This represents a 15% price increase in the last 24 hours and a 170% price increase in the past 30 days.
Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget-friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. while ftm has been on an upward trend since the first week of the year, its price rally in the last week can be attributed to Fantom’s recent integration with the Axelar Network.on Jan. 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network.
since we published our first ftm chart and hit all targets (100% gain) its time to look at the chart again and set new targets. ftm successfully broke ascending triangle and broke 0.29 and 0.31 resistance as well. next targets for ftm is 0.65, 0.75 and 0.8$
what do you think about ftm price ? bullish , bearish or apish!?
FTMUSDT on the Verge of a Major Move ?what nextYello Paradisers! Are you prepared for what's potentially brewing with #FTMUSDT? This could be the next strong bullish move, so let’s dive in!
💎#FTMUSDT is showing clear bullish signs that we can’t afford to overlook. Recently, it broke through a descending resistance, sparking upward momentum. Right now, it's hovering around a key support level at $0.5900, and if this momentum continues, we could see it push above a minor resistance level soon.
💎For this bullish scenario to materialize, we’ll need to see #Fantom break above the internal resistance at $0.7488. If we get that breakout, the next target will be a strong resistance zone at $1.1613, where a significant rally could follow.
💎However, if the price drops below this critical demand level at $0.5200, the bullish scenario will be invalidated, and further downside movement could be on the horizon.
Remember, Paradisers, successful trading is all about strategic decision-making and thorough analysis. Stay sharp, plan smartly, and let’s make the most of what the market presents!
MyCryptoParadise
iFeel the success🌴
Fantom ( Ftm )Ftm usdt Daily analysis
Time frame daily
Risk rewards ratio =2
Target 0.95 $
Price is moving up and down between two green parallel line. This movement is good for daily traders .
But traders must notice, when it continues more than 3times, the risk increases more
Finally, Price will break up or down, so, a professional trader must carefully watch for signs
Fantom (FTM)Fantom needs no introduction, a popular project which maintained its usefulness as well as high trading volume. After FTM price skyrocketed, a corrective wave started which seems ended at 0.382 Fibonacci retracement. The 0.382 area is a strong and important one since it was able to supported price several times; if this area breaks downward, for any reasons, the grey line below can come to rescue. Anyway, it seems an upward impulse wave has started and currently price consolidating in a triangle shaped pattern. If price breaks this consolidation area upward it means continuation for the impulse wave. Let's see what happens.
FTMUSDT - An irreplaceable opportunity!Weekly chart displays a breakout of a huge symmetrical triangle since more than 45months!
The price projection for the symmetrical triangle is the vertical distance between the base and the upper side pf tge pattern ...this distance shown as a green arrow which shown in the chart
That mains our target is 17$ , this target matches with the 1.618 fib level.
The FTM Phantom Coin Fund was backed with $200 million to accelerate the migration of partners for the launch of Sonic and its S token.
SONIC + FTM = S
It will be a huge event that was scheduled for last September and was postponed to December. The team's decision to postpone is appropriate.
Best regards Ceciliones 🎯
FTM looks strong but pull back is in play Fantom (FTM)
The release of Sonic seems to have high expectations, or is it just me!
I think a pull back to 0.8 could be a really good entry before Sonic goes live.
Whales seems too have appetite for FTM at the moment and we can expect some sensational news in the coming weeks. The FTM-price will appreciate exciting news before Sonic goes live.
If we have a deep BTC correction it could be a golden opportunity to ape into FTM before we see go to Sonic and moon?!
a simple technical analysis for FTMDaily chart displays a ascending broadening wedge ...
Breakout the pattern confirmed✅
Breakout 0.786 fib confirmed✅
The projection target for this pattern is at 1.4$ which means 60% from the breakout
For now price may declined little to retest the upper side of the pattern in range of 0.9$ then get our target 1.4$
Best regards Ceciliones 🎯
SasanSeifi| Can It Break Above $0.70?Hey there, ✌ Currently, in the daily timeframe chart, we can see that after a correction, Phantom has reacted to the previous resistance level at $0.55. The price is currently trading at $0.65. Given the current market conditions and the potential for Bitcoin growth, there is a possibility of positive fluctuations and price increases in the short to midterm.
One possible scenario for BINANCE:FTMUSDT in the daily timeframe is that if the daily candle closes with a strong body and the price breaks above the $0.70 level, the potential for further growth to $0.88 and even reaching the $1 supply zone increases. These levels can be considered as important price targets.
To validate this scenario, maintaining the $0.55 support level is crucial. On the other hand, if the $0.55 level is broken, the likelihood of further correction increases.
💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
