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Fantomfoundation

FTM HACK NEWS: NEAR TWO YEAR SUPPORT Recently, the company of the coin, Fantom Foundation were the latest victims of coin hacking. From a price perspective, this can be a bearish sentiment for traders as it questions its overall security and integrity of the blockchain. For more detailed information regarding this news, check out the links listed below (all on TradingView): www.tradingview.com www.tradingview.com In this weekly chart of BINANCE:FTMUSDT above, the price is on pace of touching the support line for the third instance from July 2021. The coin is still on a downtrend and a breakdown could be possible if we will have another hacking cryptocurrency, hopefully not. On an indicator perspective, our RSCD (RSI and MACD) is still bearish from a daily perspective. Thus, I still have bear bias for the coin unless we see a bullish reversal by looking at the chart below. I plotted a months-long resistance line for a potential breakout scenario. This could happen before the month ends. Always plan your trades. Happy trading :)
by luigi360swirl
Mummy Finance (MMY) Long mega potentialHello all perpetual lovers, this one is for you?! And it’s a risky one - Mummy Finance (MMY)…. but Mummy Finance checks all the boxes for potential exponential growth (as I see it). This perpetual exchange lives on Fantom network. I think many traders on Fantom network (including me) are waiting for a great perpetual Exchange - and here it is!? Mummy Finance is a fork of extremely popular GMX exchange (Arbitrum network). The look and feel is great and everything about Mummy gives me smell of success - no financial advice. When it comes to TA, we have almost no historical data. We can see a big explosion in price the last days. But I really don’t think the potential future exponential growing is priced in….All things considered increased traffic on homepage/twitter, trending volume, NFTs, staking possibilities isn't priced in. The most impressive key indicator is the revenue. $346,399 Dec 21st. Over 100K last 4 days!!! If a it comes a big pull back, I really think it could be a good time to take a small bet. But please do your own research!
MLong
by TaTaTaCrypto
FTM will keep momentum?$FTM have had quite the year, with recent 3 months holding a very strong bullish momentum. So far growth holds exponential pattern starting at around $0.275 - August. If bullish momentum holds can very well hit $10-$12 EOY. That said, there're still very big news and events coming weeks: Coinbase listing - Only rumors right now, but could be happening around 30-31 Oct. 25-29 Oct there's the Dubai events. Influencers only recently started picking up on Fantom and its ecosystem. Other news & growth. Exciting! Next 2 weeks really are quite crucial and quite possibly hit 1 of 2 extremes: 1. Something happens and momentum breaks and we fall back to $1.5 line. 2. Coinbase listing sends FTM pumping, and with it's current momentum and growth can we dream of $15-$20 by EOY?
Long
by wasavim
1
Fantom Wedge BreakoutFantom recently released new partnerships with Middle Eastern governments, hence, the price did not reverse after reaching the ATH. As Fantom recently broke the Wedge structure, it is highly possible and healthier that it retest what is now a support level to eventually discover new price ranges. I suggest buying once the retest is clear as afterwards there is no limit on how high it can go, except fib levels and psychological levels ($1, $1.1, $1.5...) Buy level if retest: 0.84 - 0.86
Long
by ssavi
2