Short-term bullish?Everything is said on the chart
I will take profits along what I believe is the last run before a bear market,
I still believe there are many positive factors that will positively affect FTM and the crypto market in the short term.
Also; whales have accumulated
"According to WhaleStats, Fantom (FTM) has been among the top ten tokens purchased by the top 100 ETH wallets this week."
dailyhodl.com
The price might have simply been acting strange recently with those Fork Ponzi farming protocols
Graph of S&P500, Federal Quantitative Tightening (QT), and BTCUSD
It is imperative to know the importance of macroeconomics and such policy. If QT is high, which will most likely be the case due to extreme money printing
miro.medium.com
FTM
Ftm symmetrical triangleThis is a good trade for you guys. I will tell you guys once it breaks up or down to start your trade. If you guys want to trade this, keep checking this post I'll update whether long or short!
LONG:
Entry: once ftm CLOSES A 15m CANDLE at price 1.4
Leverage: x10
Take profit: 1.48
stoploss: 1.365
SHORT:
Entry: once ftm CLOSES A 15m CANDLE at price 1.36
Leverage: x10
Take profit: 1.28
Stoploss: 1.395
dont trade before a candle closes!
GOODLUCK ALL!
MY FTM LONG TRADEFTM broke the downtrend line, broke right through resistance, created new high.
Now, FTM pulled back to retest the broken resistance turned support and trendline, and it rejects both.
I bought FTM right there with my stop loss below the wick that rejected the support.
Let's see how this trade will end.
FTM Potential Swing Long Set Up UpdateAs predicted $FTM did bounce from 0.382 fib level and has gone up 26% since. Do take profits along the way and I do expect this coin to come down in the short term and potential comeback down to the 0.382 fib level in which those who have not entered or bought this coin will have the opportunity to buy it back at a lower price.
FANTOM- Break the 1,40 and FLY!Fantom lost momentum with the whole Cronje conspiracy but it will rise again.
Our updated chart shows we are still in trouble under the 1,40 resistance.
Once that is breached over we could experience a nice flight higher.
Fundamentally we are still GREAT! Check this out:
Fantom Sees 4,200% Growth in Smart Contract Deployment as Price Remains Unchanged, Data Shows
One Love,
the FXPROFESSOR
FTM Weekly OutlookScenario 1:
FTM continues it's downtrend. Potential reversal at 0.63 - 0.68 range at the bottom median line of the main Pitchfork.
Scenario 2:
FTM has reversed course and tries to break out of the downtrend at it's current location. Price target to center median line start at about 1.90. It's a sloped line so price could go higher to reach center median line as more time passes.
Long term bullish scenario:
FTM reaches the top median of the Pitchfork.
Long term bearish scenario:
FTM doesn't survive the rug-pull.