Alikze »» RUNE | Head and shoulders pattern scenario🔍 Technical analysis: Head and shoulders pattern scenario
- According to the analysis presented in the previous post, he retested the supply area after exiting the congestion, but failed to break it.
- It is currently moving in an ascending channel in the weekly and daily time frames, which has broken the dynamic trigger.
- A head and shoulder pattern has formed in the weekly time frame.
💎 If after retesting the dynamic trigger fails to break it and breaks the neckline, it can confirm the head and shoulder pattern for a downward trend to the origin of the movement, which can have downward targets near 3.13 and 2.35 and a green box.
💎 Alternative scenario: if the dynamic trigger is broken, its first target will be $6.25 and then it can be offered after the pullback to the successful structure of breaking the zone, it can have the next targets of $9.38 and $12.5.
🛑 Resistance range: 6.25 - 9.38 - 12.5
🟩 Support range: 3.13 -2.35
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FTM
Quick updateSonic Update: The drop I predicted in FTM happened exactly and now the indicator has signaled an increase, I hope it will soon compensate for these drops due to migration and return above $1. My targets for FTM and Sonic are very high,
the first target is $7, $20 and $70 according to previous analysis in my account
FARSI:
rizeshi keh dar fantom pish bini kardam daghighan etefagh oftad va alan andikator soud ra signal kardeh ast, omidavaram zudtar in rizesh ro jabran koneh bekhater mohajerat va bargardad balaye 1 dolar. targat man baraye fantom va sonik besiar balast, targat 7 dolar va 20 dolar va 70 dolar ast tebgh tahlil ghabli dar akantam
FTM low time frame update#FTM pattern tells us that the market is ready for a big rise
the pattern was a bind of an uptrend and a down trend the down trend wanted some liq to be stopped and it took this liq from stop losses and now its hungerness is done !
just because of the bearish pattern in the whole market we have 2 scenarios once is rising from here and the other one is rise after another down
there is a real positive pattern in higher time frames check this out
FTM long term update#FTM made a rising pattern in long term
wave 1 is made the wave 2 is like ABCDE which is completed now the market is heading to the 3rd wave this can make the market reach its last highs in past
there was a huge liq at the bottom of the chart which the market took it i think there is no reason for going down again !
S 1D - FTm 1D Hello, should we finally say goodbye to Sonic
After the launch of Sonic, the price has dropped from $1.47 to 54 cents, which is not a normal or natural drop at all.
This project reminds us of the former Matic, when the network and its name changed, the token price went into a crisis.
Currently, after holding this token for 3 years, there is no hope for its future, and I believe that the price will soon decrease to 30 to 33 cents.
We can only expect an upward movement if the price stabilizes above 84 cents."
Breaking: Fantom ($FTM) Faces Turbulence Amid Coinbase DelistingOverview
Fantom ( UPCOM:FTM ), a popular blockchain platform known for its speed and scalability, is under the spotlight following Coinbase’s decision to suspend its trading. This move, effective January 24, 2025, has sent ripples through the market, sparking fears of a potential price dip to $0.50. Despite this looming challenge, UPCOM:FTM has shown short-term resilience, with a slight uptick in its price. However, technical indicators suggest a bearish trajectory, warranting close observation from traders and investors alike.
The Delisting Announcement
Coinbase, one of the leading crypto exchanges, announced the suspension of UPCOM:FTM -PERP trading across its platforms, including Coinbase International Exchange and Coinbase Advance. The final settlement price will be calculated based on the average index price 60 minutes before trading ceases. Open positions will be automatically settled at the time of suspension, with funding rates set to zero for the final funding period.
This announcement coincides with the ongoing scrutiny of Coinbase by the US Commodity Futures Trading Commission (CFTC) in connection to the Polymarket investigation. The regulatory body has issued a subpoena to Coinbase, seeking customer-related information, further adding to the uncertainty surrounding $FTM.
Current Market Performance
Despite the negative sentiment, UPCOM:FTM ’s price has risen by 5.38% in the last 24 hours, reaching $0.6953. However, the token remains down by 11.80% over the past week and 41.62% over the past month. With a 24-hour trading volume increase of 0.35% and market cap growth of 6.56%, UPCOM:FTM appears to be attempting a recovery from its recent losses.
Nevertheless, bearish sentiments dominate, as evidenced by a volatility rate of 22.52%. The market’s response to the delisting announcement and regulatory developments will likely dictate the token’s short-term trajectory.
Upcoming Developments: Sonic Rebranding
In a bid to counter negative market sentiment, Fantom is undergoing a rebranding initiative. On January 13, 2025, UPCOM:FTM will transition to a new identity, “Sonic,” with a 1:1 token swap ratio. Binance, a major supporter of this transition, will enable deposits for Sonic on January 16, 2025, and open trading pairs shortly thereafter. This rebranding could provide a fresh narrative for the project, potentially mitigating some of the damage from the delisting.
Technical Analysis
As of this writing, UPCOM:FTM ’s RSI stands at 39, indicating weak momentum and oversold conditions. The token’s chart reveals a falling wedge or bearish symmetrical triangle pattern, signaling a potential downward breakout. A close below the current candlestick could trigger a selling spree, with UPCOM:FTM potentially testing the $0.50 support level.
Fundamental Concerns
1. Regulatory Pressure: The CFTC’s investigation into Coinbase adds an additional layer of uncertainty, impacting both the exchange and tokens like UPCOM:FTM listed on it.
2. Market Sentiment: The delisting has raised questions about UPCOM:FTM ’s future accessibility and liquidity, contributing to bearish market sentiment.
3. Rebranding Efforts: While the Sonic rebranding initiative is a positive development, its success will depend on market reception and execution.
Conclusion
Fantom ( UPCOM:FTM ) faces significant challenges following Coinbase’s delisting announcement and ongoing regulatory scrutiny. While the token’s short-term resilience is commendable, technical indicators and market sentiment suggest a bearish outlook. The upcoming rebranding to Sonic offers a glimmer of hope, but traders should remain cautious and monitor key support levels.
FTM 1DHello, as you can see, the situation of Fantom is very bad and the important support that started from the bottom of 25 cents is breaking. I expect a drop until January 16th until it is listed again on all exchanges.
In any case, if we go below 66 or 65 cents, we can reach 35 or even 33 cents.
My personal opinion is a bearish scenario. I don't have much hope for price growth.
FTM/USDT: Wave Pattern Signals Potential 80% Upside | Key Levels
Technical Analysis:
1. Price is currently at $0.7892, down 4.63%
2. Wave structure suggests completion of ABC correction at point (C)
3. Fibonacci retracement level at 0.786 aligns with potential reversal zone
4. Two target zones identified:
- First target: ~$1.20-1.30 (Wave 3)
- Second target: ~$1.30-1.50 (Wave 5)
Trading Setup:
- Entry zone: $0.75-0.78
- Stop loss: Below point (C) around $0.70
- Risk:reward ratio approximately 1:3 for first target
Key Points:
- Bullish divergence forming at current levels
- Price testing ascending trendline support
- Wave structure suggests start of new impulsive wave up
Caution:
- Wait for confirmation of reversal with price action
- Consider position sizing due to crypto market volatility
- Monitor BTC correlation for trade validation
#FTM/USDT Ready to go higher#FTM
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.7824
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.7826
First target 0.8170
Second target 0.8634
Third target 0.9046
#FTM/USDT Ready to go higher#FTM
The price is moving in a descending channel on the 1-hour frame and sticking to it well
We have a bounce from the lower limit of the descending channel, this support is at 0.6900
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 0.7300
First target 0.7735
Second target 0.8078
Third target 0.2490
Bad news FTM holders markets require more blood sacrificeThe price action of the past few days from the latest bottom of 66 cents seems to have been a bearish retest.
the massive long term support has turned into resistance
the bearish retest has been completed
now down again
RSI also has hit resistance.
more blood more pain
the bit question is when after 68-69 cents is reached:
double bottom confirmation and bottom is in, with rising RSI
or
max pain, max blood scenario of visiting 53 cents with also rising RSI, forming a bullish divergence?
the second part remains to be seen in several days
first part is clear
more blood from FTM holders
sorry, bulls
This is a SHORT-TERM analysis only
FTM: The prospect of increasing?BINANCE:FTMUSDT
As you can see, FTM has created an ascending head and shoulders and is also located in the megaphone, which means that if it breaks, we expect the price to reach the target (AB=CD).
✨Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
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⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!
Regular and principled...hello friends
We came up with FANTOM currency analysis.
This potential coin, which is active in the DEFI field, has been able to grow well by forming an upward channel.
Now we have specified the purchase limits for you in case of modification.
Now it is logical to buy one step, but in case of correction, we can wait until the specified areas and then make our purchase.
But in case of successful failure of the channel, we can still buy and move with the specified goals.
Note that this coin has a high growth potential....
FTM strong bounce …will continue ?FTM / USDT
#FTM has news regarding its rebranding to #S which affected the price heavily in past few days
Currently it shows great bounce
stability here = going for these targets
Lose red level in HTF = invalidation of bullish setup
Great LONG Approaching for FTM
For those who missed the SHORT on FTM, don't miss the LONG that is almost here on the 1 hour, 4 hour and daily charts. We just need to see some volume increase and a few green candles and this should have a nice rebound. Currently oversold on all timeframes.
The FVG on the daily has been touched, we may go a few cents lower to the Weekly FVG.
Take profit level at this stage would be at the 0.9395 (0.5 Fib Level and Bearish FVG Resistance Level). If it breaks through this, 1.18-1.19 would be another take profit level (Fib 1.0 and Bearish FVG Resistance.
FTMUSDT - All eyes on Sonic!Weekly chart displays A very strong support level where the price is expected to rebound significantly, located at the 0.75 area
This zone converges several weekly supports, including the 50 EMA, the 0.5 Fibonacci level, and the upper side of the symmetrical triangle pattern.
accumulation is suitable now and up to the 0.7 level.
On January 13, 2025, the token will automatically be rebranded to (S) , meaning Sonic .
This represents an upgrade to the FTM token, similar to what happened with RNDR transitioning to Render .
This is a significant update to FTM’s infrastructure to align with leading projects in the space.
And as a token supported by Dubai, you can be confident in its bright future.
Buy between: 0.8 - 0.7
Targets: 1 - 1.6 - 3.5 - 7.5 - 21
Best regards Ceciliones 🎯
FTM. Golden Entry Opportunity: Growth Potential Intact.BINANCE:FTMUSDT
Growth potential remains.
It’s still a good entry point for both spot and futures trades. The nearest target for a futures trade is $1.1135–$1.3748, while for a spot trade, it’s $1.3748–$1.6888.
A more conservative entry can be considered in the $0.9800–$0.9000 range—ideal for maximum comfort.
DYOR.