FTMUSDT Poised for a Rebound or a Breakdown? Key Levels to WatchYello! Do you feel the tension building up in the FTMUSDT market?
Let’s dive into the current setup and see what might unfold next.
💎 FTM is currently moving within a descending channel pattern, eyeing a potential move towards the Bullish Order Block (OB) area. If the price action forms a bullish candle rejection here, it could signal a rebound. We might then see a test of the resistance level at $0.771. This level is crucial; a successful breakout above it could trigger bullish momentum, possibly leading to a significant upward movement.
Key Levels to Watch:
- Resistance Area: $0.771: A breakout here could pave the way for further gains.
- Bullish OB Area: $0.64: Watch for bullish candle rejections as a sign of potential rebound.
- Demand Area: $0.55 - $0.482: Historically, this zone has shown strong buyer pressure. A return to this zone could see similar buying interest.
💎 However, if FTM fails to show strength in the Bullish OB area around $0.64, it might signal further declines. The price could then head towards the Demand area between $0.55 and $0.482.
💎 This zone has previously exhibited strong buying interest, often marked by candle wicks indicating buyer pressure. Should FTM return to this zone, a rebound is possible, pushing the price back towards our target areas.
Potential Scenarios:
- Bullish Scenario: A strong rebound from the Bullish OB area leading to a test and potential breakout of the $0.771 resistance.
- Bearish Scenario: A failure to show positive signs at the $0.64 level, leading to a move towards the Demand area. If the price fails to rebound here and instead goes sideways with low volume, it could break this area, invalidating the bullish outlook and leading to further declines.
Stay alert, Paradisers. The next moves in FTMUSDT could present both opportunities and risks.
🎖If you want to be consistently profitable, you need to be extremely patient and always wait only for the best, highest probability trading opportunities.
Trade smart and stay disciplined!
FTMUSDT
These ALTS can still EXPLODE - ALTSEASON 2.0Missed the rallies? Don't worry! Here's a list of alts that still has BIG UPSIDE Potential!
1) CROUSDT / OKX:CROUSDT
2) LINK / BINANCE:LINKUSDT
LINK is 53% from the FIRST TP point... and still an incredible amount of upside beyond this point:
3) MATIC / BINANCE:MATICUSDT
MATIC is about to retest a very important support zone for the third time, and a triple bottom would be significantly bullish (IF it holds):
4) Fantom / BINANCE:FTMUSDT
FTM seems bearish for the short term, but it's over 400% away from the previous ATH! There great upside potential her is you have some patience. I'd be looking to buy in the yellow zone:
5) Litecoin / BINANCE:LTCUSDT
And last but not least, Litecoin as seen on the front chart. LTC is about to re-enter the accumulation zone, where it normally doesn't stay long - it could consolidate here for some time, but upside is usually the next logical step after Litecoin enters the accumulation zone.
Again, you may need some patience but if you're willing to hold you could score big time on these altcoins!
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Fantom gold signal#Phantom price has maintained the support level of $0.7700 to $0.8200. After reaching the uptrend line, it went through wave 1 and has now completed its correction.
After consolidating in a range and correction, the price could start wave 2 and now reach the $1.0300 target from these areas.
Considering the strong potential of this project, both technically and fundamentally, very good prices can be predicted for it. Technical indicators have also shown strong upward divergence
$FTM continuation to the upside Simple idea, simple execution imo.
With the recent $10 million investment from renowned backers, my confidence in UPCOM:FTM has only grown stronger.
This significant injection of capital underscores the immense potential of UPCOM:FTM and the trust that influential investors have in its future.
Analysis for FTM (Fantom USDT) for Next MonthHistorical Performance: Fantom USDT (FTM) has shown significant growth over the past three months, with a steady increase in its market value. This positive momentum could indicate potential for further growth in the future.Resistance Levels: The coin has faced resistance at various price levels, with the most significant being around the $0.80 to $0.85 range. These levels may act as psychological price barriers, but they could also be potential breakout points if the price action surpasses them.Support Levels: FTM has found support at price levels between $0.60 and $0.65. These levels have been strong, with the price bouncing back up after touching them, which suggests strong buying interest and potential for future growth.Technical Indicators:Moving Averages: The coin is currently trading above its short-term and medium-term moving averages, which could indicate a bullish trend. However, it is also important to monitor its performance relative to its long-term moving average.Relative Strength Index (RSI): The RSI is near the midpoint at around 50, which suggests that the coin is neither overbought nor oversold. This could indicate potential for further price movement in either direction.Market Sentiment: The overall market sentiment for FTM has been positive, with a steady increase in trading volume and a growing number of active addresses. This suggests increasing investor interest and could be a positive indicator for future growth.Conclusion: Given the strong performance and positive momentum of FTM over the past three months, along with its current trading above key moving averages and strong support levels, there is potential for continued growth in the short term. However, it is important to monitor the coin's performance against its resistance levels and market sentiment for signs of potential reversals. Investors should also stay informed about regulatory developments and market trends that could impact the broader cryptocurrency market and, consequently, FTM's performance.
$FTM Possible Double BottomKUCOIN:FTMUSDT - Huge Double Bottom possibly in print
Measured move +40%
Divergence at support in 0.635 levels would be preferred entry provided entry trigger activates via candlestick or candle stick formation.
Neckline break and retest at 0.78 level will provide further impetus for initial Target to 0.94.
Remember UPCOM:FTM can go higher can is dragged around like all altcoins by the ring master $BTC.
Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge.
If you liked this idea or if you have your own opinion about it, write in the comments.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
#FTM/USDT#FTM
The price is moving in a bearish channel on the 12-hour frame and is largely sticking to it
We have a green support area at 0.5500 that is expected to be bounced from due to its strength
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with a strong uptrend
Entry price is 0.7500
The first target is 0.9797
Second goal 1.09
Third goal 1.22
FTM: best bull candle📊Analysis by AhmadArz:
🔍Entry: 0.743
🛑Stop Loss: 0.708
🎯Take Profit: 0.771 - 0.817 - 0.914 - 1.121
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💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
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📉📈 FTM Forming A Bearish Wedge 🔄💼Trade Overview:
FTM is forming a bearish wedge pattern, suggesting a potential downward move, particularly with the anticipation of bearish news this week.
Trade Strategy:
Entry: Consider laddering into spot positions between $0.55 to $0.45, allocating 50% of the position within this zone.
Confirmation: Look for price to close above the 200-day MA on the daily timeframe within this zone, indicating bullish momentum and flipping the zone into support.
Take Profit: Set a take profit target at $0.80, with the next area of resistance at $1.
📊🔍 Monitor FTM's price movement closely for entry confirmation and adjust strategy accordingly! #FTMTrading #CryptoAnalysis 🌐🔒
FTMUSDT.1DAnalyzing the daily chart for FTM/USDT provides insights into the current market conditions and potential future movements based on technical indicators and chart patterns.
Key Resistance and Support Levels:
Resistance 1 (R1): $0.5275 - This price level has been tested recently, and it may continue to offer resistance to upward movements.
Resistance 2 (R2): $0.8230 - A more robust level that was previously a high point before the recent decline.
Resistance 3 (R3): $1.0763 - Represents a significant high and a strong psychological barrier.
Support 1 (S1): The chart does not specify the exact value of S1, but it's indicated below the current price level, providing a potential target if the price continues to fall.
Technical Indicators:
Relative Strength Index (RSI): The RSI is at 42.48, which suggests that the asset is neither in the oversold nor overbought territory, but it is leaning towards bearish sentiment as it is below the neutral 50 mark.
Moving Average Convergence Divergence (MACD): The MACD line is very close to the signal line, indicating a lack of strong momentum in either direction. This setup typically suggests a market in consolidation or lacking strong buyer or seller engagement.
Trend Analysis:
The descending trend line from the recent highs indicates a bearish trend. The price has been making lower highs, which typically suggests continuation of a downward trend until a clear breakout above this trend line occurs.
Conclusion:
The FTM/USDT market is currently showing signs of bearish pressure as indicated by the descending trend line and the positioning of the RSI below 50. For traders, the approach towards the resistance level at $0.5275 will be critical. A failure to break this level could see the price retest the lower support levels, where buyers might see opportunities for entry. A successful break above R1, however, could signal a reversal or weakening of the current bearish trend, potentially aiming for R2 at $0.8230.
Given the current MACD readings and the proximity of R1, traders should remain cautious, watching for either a bullish breakout accompanied by increased volume or a continuation of the bearish trend with potential entries near lower support levels. Setting stop losses just below the recent lows can help manage risk in case of further downward movement.
FTM/USDT bullish reversal from support? 👀🚀FTM analysis💎 Paradisers, get ready for a compelling trading opportunity with #FTMUSDT, a coin that demands close attention. Currently, there is a heightened probability of a bullish reversal from the key support at $0.5620. If the price can maintain its momentum at this level, there’s a strong chance it could initiate a bullish push, aiming to breach above resistance and potentially revisit our targeted strong resistance area.
💎 Should $FANTOM fail to rebound from the $0.5620 support and instead break below it, this would likely indicate a continuation of the downward trend, with the next critical support being the bullish Order Block (OB) area around $0.4497.
💎 If #FTM reaches this Bullish OB area, it is imperative for the price to secure a bounce from this level, which is pivotal for maintaining support. A failure to rebound could exacerbate the bearish momentum, affirming negative market sentiment and possibly driving the price further down.
MyCryptoParadise
iFeel the success🌴
SUNUSDTGod's money
Our trust is in God
In today's society, money is God, if you are rich, you are God of people
So step by step in the direction of analysis and successful entry and exit, God of the people, be patient and be patient
Sun currency has reached the resistance zone, it is forced to collect and distribute in order to continue moving and aiming for price increase. And the price drop becomes more likely.
So you can enter the market at specified points and make a profit.
FTM/USDT it shows price will be back test on the support!💎 Paradisers, #FTM is indeed catching the eye as a coin worth monitoring closely.
💎 After facing rejection at the resistance area, it appears poised to revisit the support region around 0.568 in search of renewed momentum.
💎 Should FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark.
💎 To validate this pattern and shift back to a bullish trajectory, FTM must break above both the resistance and the descending trendline of the pattern. If successful, this breakout could pave the way for further upward movement, possibly leading FTM to retest our target strong resistance area.
💎 However, if FTM fails to find support at the aforementioned level and instead breaks below it, this could signify a bearish continuation, with the price likely heading towards the next significant level, the Bullish OB area around 0.449.
💎 Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum. Should FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.