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FTMUSDT

$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery! Current Price= 0.7531 Buy Entry= 0.7432 - 0.7050 Take Profit= 0.8346 | 0.9233 | 1.0164 Stop Loss= 0.6354 Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3 Expected Profit= +15.26% | +27.51% | +40.37% Possible Loss= -12.25% Fib. Retracement= 0.559 | 0.786 | 1 Margin Leverage= 1x Estimated Gain-time= 1 week Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco Website: fantom.foundation Contracts: #Mainnet #ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870 #BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe #BEP2 FTM-A64 #SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN #CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
Long
by TradingOn
Fantom/USDT quick analysis Quick analysis regarding fantom. In my opinion there will be a small bounce back in 1-2weeks, RSI oversold. Small correction is probable, (not over 0.53 price, resistance is strong there). After that we might see price go sideways for next couple months. (0.25-0.42 price range, there is really strong support in 0.25-0.26). I would keep an eye on BTC, if it hits new bottom of the year, we can get fantom cheaply (0.16-0.25 range). Which of course im hoping for, but because there is so strong support at 0.25-0.26 price range, it will be very hard to hit bottom below that. Maybe there should be short term limit sell orders close to 0.285 as it is very probable, price will go below that, because there is no support on that range, next support seems to be 0.25-0.27 range. This enables to buy cheap, about 0.25 would be ideal, if there is fast correction and not big trend going down. If that happens, i would wait a bit, and watch if we can even go below 0.25, if so prices might be at 0.16 on lowest (very good price in my opinion:) In short period of time, we might see a dip, not that much action, compared to couple previous days. Good luck with your trades!
by SuomiJamppa
$FTM FTM ABC WXY double correction Cycle I completedDouble correction taking place (like most cryptos). Failed to make HH against proppsed wave 5 favoring wave 5 completed cycle withan ABC correction already completed favoring yet another ABC correction in a double correction (WXY) to correct cycle I started March 2020. Technical targets for FTM are ~ blue fib extension lines as shown 1-1.236 however the current wave count 1-5 minor (red) is still in play. Once wave 3 & 4 are completed, we will get target for wave 5 to end wave C of Y and complete cycle II before staring cycle III up (provided BTC will resume bull trend once completed its double correction to end cycle II). Wave 3 will be equal leg of wave 1, wave 4 will be equal leg of wave 2, u can meausure the move using fib extension tool or simply use the trendline to get approximate targets via measured move. *Personally, I beleive FTM should find great support at the lower extremes and can see it extending down to the $0.26-$0.36 area where it found great support in wave (4). ** Keep in mind, we've ended an entire cycle of 5 wave so we can anticipate a larger retracement than a typical correction, esp once BTC makes its final major moves downtown. TAKE ADVANTAGE of this next dump and start to reaccumulate with your profits to hold for cycle III. Always keep some buy orders at the lower extremes in case u get lucky with some liquidation wicks, alts tend to falls hard when BTC dumps, luckily they tend to bounce back real fast. NFA, practice risk management, never over-invest, if trading with margin/leverage, practice 1-3% rule and use safe stop loss then simply manage the trade into risk free position. Just sharing ideas. Feel free to leave comments, hit like to show support and if you manage to hit targets from these ideas, please let us know. Tips are always welcomed :) Thank you for viewing, sharing and safe trading to you all!
Short
by CryptoHolix
📈FTM: when to open a trade? Is sl collection still possible?📈Fantom(FTM), we have to wait for the RIGHT setup or pattern to open a trade to earn +10%, 20%, 100%, and not mindlessly open trades and lose -2%, -5%, -10%. That's what I'll talk about in this idea. 🚩The key zones on the chart are: 🔶$0.564-0.686 - liquidity gap ⬜$1.15-1.50 - huge value zone ⬜$1.98 -2.45 - value zone The price touched the liquidity gap , and since there are no buyers or sellers there , the price quickly bounced off that area. To open a long it is necessary to wait for the collection of stop-losses, the whales manipulation, of course, with the growth of volumes on the indicator. That' s why local collection of traders' stop-losses below the level of $0.66 is still possible. After that it is possible to open long trades❗ 📍The trendline. When the price touches the global trend line, it is necessary to pay attention to the squeeze. The squeeze shows the willingness of traders to buy and a possible break up soon. You can see manipulation and local stop loss collections sometimes, but the squeeze is one of the most successful and simple strategy I use . 🎯Targets. The first target will be the value zone of $1.15-1.50. If Bitcoin and the entire crypto market will be in uptrend, the price have the chance to reach the second value zone of $1.98 -2.45. Every crypto (BTC or alts) is unique. Fantom, for example, grows very fast, pumping by 10-20%, so don't miss the entry point😉 🎥You have to wait for the right set-up on the chart, not to trade everything you see. Check out my yesterday video review on Bitcoin, it's relevant to all cryptocurrencies!
by Yuriy_Bishko
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