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FTMUSDT

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!
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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!
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by CryptoHolix