A Trader's Perspective on the Formation of a Triangle PatternHello, friends! I want to share my forecast for the FTM coin in the cryptocurrency market. Recently, I noticed the formation of a triangle pattern on the weekly chart, and I believe that this could be an interesting signal.
My analysis suggests that there is a possibility of a pullback to the range of 0.24, where I plan to consider buying FTM for a long-term position. However, I want to emphasize that this is just my opinion and should not be taken as financial advice.
As a trader, I understand that making decisions in the cryptocurrency market requires thorough analysis and risk assessment. Therefore, before making any transactions, it is important to conduct your own research, consult with professional financial advisors, and evaluate the current market conditions.
Remember that the cryptocurrency market is highly volatile, and investments always come with risks. Be cautious and make decisions based on your own analysis and careful consideration.
I wish everyone successful trading and the ability to make well-informed investment decisions! Stay updated with the market, be prepared for changes, and never stop learning and growing as traders. Good luck!
FTMUSDT
FTM ANALYSIS🔮#FTM Analysis : Pattern Formation 💰💰
📈📈 #FTM is making perfect "Double Bottom Pattern". If #FTM breakout the neckline and also retest the level then we can go long for short term💲💲
🔖 Current Price: $0.4340
⏳ Target Price: $0.9207
⁉️ What to do?
- We can trade according to the chart and make some profits in #FTM. Keep your eyes on the chart, observe trading volume and stay accustom to market moves.💲💲
🏷Remember, the crypto market is dynamic in nature and changes rapidly, so always use stop loss and take proper knowledge before investments.
#FTM #Cryptocurrency #DYOR
FTM/USDT: Poised for a Promising Bullish SurgeFTM/USDT appears to be laying the groundwork for its upcoming bullish move, presenting an exciting opportunity for traders. The current market sentiment suggests that a notable price rise of 15-30% could be on the horizon. It is crucial, however, to conduct thorough research and analysis (DYOR) before making any investment decisions.
Please note that the information provided here is for educational purposes only and should not be considered as financial advice. Traders are encouraged to evaluate the market conditions and their own risk tolerance level before engaging in any trading activities.
FANTOM - Boom! +150% Banked ✨In our last analysis, we identified we were in a correction were looking for a move up to complete wave B, subwave c. We are now nearing its completion and have banked over 150%.
We are now focusing our efforts on finding the reversal point for the next big trade. We have the fib levels falling in line with the recent highs.
Trade Idea:
- Watch for price to enter our reversal zone within the fib levels
- once there, look for rejection signs
- use trendline break or BOS for entry
- Targets: 0.17, 0.8, taper thereafter
Goodluck and as always, trade safe!
See below for our previous analysis.
FTM target 1.141D time frame
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FTM is creating a double bottom structure, which spends around 600 days so far. According to Fibonacci Extension, we can have final target for this structure. However, neckline 0.65 is the obvious resistance that might reject price to keep pumping firstly. Also, FTM is doing a potential Elliott impulse wave on lower time frame, that would provide momentum for FTM to get closer to neckline.
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TP: 1.14
SL: 0.2694
FTM → Fantom One More Leg Up to $0.53!? Lets Setup The Trade.Fantom has had 2 clear legs up in this Daily chart bull run. You could argue three if this current high *is* in fact the high, making it the third leg. My last analysis did not play out with the reversal at $0.38! Does that mean we should we be long here?
How do we trade this? 🤔
The answer is yes, but only in the near-term! If we are 2 or even 3 legs into the trend, that means our probability of profit longing is getting weaker to the point of where we need to consider shorts or at the very least, that a trading range is coming.
Right now we have a gap down to the 30EMA, we should wait until the price reaches at least that area with some bull signals and confirmation before entering any longs. This late in the game, consider scalping with 1:1 Risk/Reward and a relatively small position size since our probability in this direction is weakening. Set the protective stop below the 30EMA and grab at least 1:1 Risk/Reward and get out.
We also need to keep a close eye on Bitcoin completing its measured move to $46,000, a key level that could spell the end of the bull trend!
💡 Trade Idea 💡
Long Entry: $0.415
🟥 Stop Loss: $0.335
✅ Take Profit: $0.475
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Two Clear Pushes Up, Third to Major Resistance?
3. Gap from 30EMA Support, Wait to Long.
4. RSI at 70.00 and above Moving Average, Short-Term long, Long-Term Short.
5. Watch Bitcoin to complete Measured Move to $46,000.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
"Did you miss FTM?"⚠️👀
If you missed the Fantom train, I would say that the 0.4447 level could be a good place to get on, with a stop-loss of 0.3615 for the continuation of the journey.
🔴What is your outlook on this currency's growth potential if it is held? Is it expected to exceed our expectations during the upcoming halving?🔆
FTM ANALYSISBy examining the FTM waves, it appears that the formed pattern is a diametric one. From the green range it can step to complete the G wave. It takes some time to complete the F branch.
What the chart tells us is that the phantom rise will continue. The resistance range is the two red lines that I have marked.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
FTMUSDT Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Targets: 0.39 and 0.44
after first target reached move ur stop to breakeven
Stop: ~0.27 (depending of ur risk). ALWAYS follow ur RM .
RR: 1 to 2.5
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
📈 Fantom (FTM):Potential Retrace, and Upside Targets! 🔄💹An analysis of Fantom (FTM) indicates a ranging phase, potential retrace, and outlines upside targets, providing insights for market participants.
Key Observations:
Ranging Phase: After a significant run-up, FTM is observed to be in a ranging phase between $0.37 and $0.40.
Potential Retrace: The analysis suggests a potential retracement in the market over the next week, possibly bringing FTM down to test $0.32 - $0.33.
Upside Targets: Following a correction, FTM could target as high as $0.45 - $0.48.
#FTM/USDT#FTM
The price has been moving in a descending triangle since last February
The price gained support at 0.1730
The price is expected to break the downtrend at the current price
First target : 05160
Second target : 0.6555
Which represents 200% of the current price
With an oversold presence on the MACD
✅Thank you, for more ideas, hit 🚀 Like❤️ and 🌟Follow🌟!
Fantom FTMUSDT Price Analysis (1w)BINANCE:FTMUSDT is currently displaying resilience as it bounces back from the established support level at 0.17.
This level has consistently deterred significant selling pressures, acting as a sturdy foundation in July 2021, November 2022, and October 2023.
Notably, each time the price revisits this level, it triggers robust bullish movements — registering a remarkable +1833% surge in 2021, a substantial +250% increase in 2022, and a solid +130% uptrend in 2023.
Despite encountering some resistance, the prevailing momentum suggests the potential for further upward movement in 2024. Noteworthy targets lie at key Fibonacci levels: 0.54, 0.77, and 1.10.
For potential downsides, important support levels are identified at 0.34 and the aforementioned 0.17. Investors should remain vigilant, considering the historical strength exhibited at these levels and the promising performance of BINANCE:FTMUSDT in recent years.
FTM → Fantom Blasts to $0.43 Weekly 200EMA! Will We Reverse!?Fantom had an excellent breakout of the previous resistance zones at $0.34 and $0.37 per my previous analysis. If you longed the suggested trade, you achieved a 1:3 Risk/Reward Ratio! What are the next moves now that we've hit the Weekly 200EMA?
How do we trade this? 🤔
Fantom is red hot to the upside making contact with the Weekly 200EMA, an expected resistance area. The Weekly candle closes in 1 day and 1 Hour, we need to see where the candle closes and what the next Daily candles show us. The RSI is at 70.00, most Crypto tokens are running hot and have hit some major resistance levels with their RSIs high as well. That includes Bitcoin, Ethereum, Cardano, the list goes on.
I think we're in for a decent retrace to let the market cool off. This could be the first bull leg up in the next bull run, signaling that the macro trend on the market is committing to the upside. However, I believe Bitcoin needs to take one more dip to $25,000 before new all-time highs, and the rest of the Crypto market will likely be dragged down with it.
Look for a pull back to the Weekly 30EMA and a strong bull signal and confirmation of Support. If we see a good Weekly candle closing on or near its high after a signal, a long position is reasonable. Now this long could be played many ways between the Daily and Weekly timeframe, I'm suggesting the following as a conservative measure and assuming the Alt market doesn't see previous all-time highs.
Long the $0.325 area, set a stop loss below the (so far) reliable $0.165 Weekly Support, and a few Take Profit areas. Take 1:1 Risk/Reward with half of your position at $0.50 and move your stop up to the entry price, then 1:3 R/R at $0.85 with half of your remaining position, then swing the remainder to 1:7 R/R. A reasonable area at $1.55 (2021 Left and Right Shoulders), but I wouldn't argue against letting it ride longer if the conditions are correct. It's too far out to speculate on the price action.
This is a multi-month trade that could go into 2025. More analysis will be coming for the lower timeframes!
💡 Trade Idea 💡
Long Entry: $0.325
🟥 Stop Loss: $0.150
✅ Take Profit #1: $0.500
✅ Take Profit #2: $0.850
✅ Take Profit #3: $1.55
⚖️ Risk/Reward Ratio: 1:7
🔑 Key Takeaways 🔑
1. Bullish Since Weekly Support - October 2023, Bias to Long.
2. Currently Touching Weekly 200EMA Resistance. Wait for Candle Close.
3. Wait for Weekly Candle to Close. If below 200EMA, expect Pullback.
4. RSI around 70.00, far above Moving Average. Supports Pullback.
5. Look for 1:3 Risk/Reward Opportunity. Swing Partial Position.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM Fantom: Unveiling the Potential in a Ghostly Market!Hello Crypto Explorers! 👋 The FXProfessor here, diving into the spectral world of FTM Fantom. Let's decode the mysteries of this intriguing altcoin and chart a path through its ethereal market presence!
FTM Fantom's Current Pulse:
📈 Ghostly Gains: FTM is showing a spirited performance in the crypto realm.
🎯 Target Locked: Aiming for phantasmic heights in our trading journey.
Support and Resistance Levels:
🛑 Steady Support: Monitoring critical levels that underpin FTM's stability.
🚀 Ascending Further: Breaking key barriers could propel FTM to otherworldly gains.
Tactical Trading Steps:
🕵️♂️ Focus on the immediate targets, navigating each spectral wave with precision.
⚖️ Balance your moves with a deep understanding of the ghostly market dynamics.
Long-Term Vision:
🌠 Potential for supernatural returns as FTM challenges its spectral boundaries.
📊 Watch closely as we trace its ascent towards our long-awaited targets.
Strategic Approach:
🌟 Combine patience with keen market analysis to master the Fantom realm.
📝 Adapt to the ghostly fluctuations of the FTM market.
FXProfessor's Perspective:
🌐 FTM Fantom is more than just numbers; it's a digital enigma in the vast crypto universe.
👀 Stay tuned for continuous insights as we journey through Fantom's enigmatic path.
Trade with foresight, embrace the crypto mysteries, and let’s unravel the secrets of Fantom together! 💙
One Love,
The FXProfessor 💙
Remember not to FOMO..Just follow the levels
$FTM of Fantom Easily Reached To 1st TargetHi Friends
After breaking through the 50WMA resistance, Fantom ecosystem's valuable cryptocurrency, UPCOM:FTM , easily reached the first target and reached above the $0.4 level. Currently, 100WMA at the level of $0.5 is still considered the main resistance of UPCOM:FTM before reaching the important level of $1.
Therefore, if UPCOM:FTM can cross the 100WMA and register a weekly candle above the $0.5 level, the 3rd target and higher targets will be easily available before reaching $1.
More than 30% net profit has been made since my last update. Don't forget to save profit, avoid greed and do your own research.
"Like" & "Follow" if you want to see more of these ideas.
BJWise,
Goodluck
FTM/USDT Assessing Bullish Breakout Potential?👀 🚀Fantom💎 Paradisers, turn your attention to #FTMUSDT as it presents an intriguing trading scenario. Currently positioned in a demand zone and having recently executed a Break of Structure (BOS), FTM is showing a strong likelihood of breaking above resistance and initiating a significant bullish movement.
💎 Reflecting on #Fantom market behavior, it has been adhering to a descending trajectory. Presently, it is approaching a critical resistance level at .4428. If the price respects this level, we might witness a pullback to the BOS level. However, a successful breakout could lead to a vigorous bullish rally, aiming to overcome a higher resistance level at $.6599.
💎 However, it's crucial to stay grounded in the volatile crypto market. #FTM traders should be prepared for multiple outcomes. If it faces challenges in breaching the resistance zone and loses momentum, shifting focus to a recovery strategy from the support level of $.2855 becomes essential.
💎 A decline below this support level would necessitate a strategic shift. This development would call for a reevaluation of the bullish perspective and an adjustment of trading strategies to adapt to new market conditions. 🌴💰
Long-Term Analysis of Fantom (FTM) CoinIf FTM experiences a decline within the specified range of $0.2246 - $0.208 in the coin analysis, it may be considered for long-term investments. If it encounters strong buying reactions from the mentioned support range, the initial upward target is $0.357, with the next target being $0.414.
Should FTM continue its downward movement, and if it drops to the $0.1856 level, a final addition can be made. However, if FTM closes weekly candles below the $0.17 level, it should be stopped.
Not financial advice (NFA).