DONT FREAK OUT!! FTM is still in consolidation.On the longer term chart we can see that FTM is still in a bullish consolidation pattern. Even though we had a decent drop this is the best thing that could've happened for fantom on the long term. If we can get a third confirmation of the lower trend line as well as the upper, this pattern will be confirmed. Remember though, even confirmed bull flags only break bullish 60-70% of the time. Patterns can fail and do all the time.
I expect FTM to break out of this pattern sometime april-june, as these patterns usually don't exhibit breakouts until the price action has moved to about 70% the way through the pattern.
Notice where I have circled the volume. The volume now is much much lower now than it was when FTM was in a rally. This is also supports the idea that were still in a consolidation pattern, however a long-term one.
FTMPERP trade ideas
FTM Short after it's next rallyFTM is a fantastic project and I made a mistake not holding this short and entering long on TOMB Finance.
It will bounce as BTC will over the next week or 2 and most likely regain over the 2.1-2.2 area, here I will be exiting positions with whatever cash is left and entering short for the weeks afterwards. I will accumulate more FTM on the way down but it is never good to catch a falling knife. This chart looks to be a few weeks behind BTC's, which means it could fall 50% from here still.
NEW ATH IN FTM IM PRETTY SURE HERE IS THE NEW SOLANA.Goog point to. buy right now for your porfolio is gonna be more bogger than solana in the next months trust me
..
.
.
.
.
.
.
.
..
FTM to $2.13 levelFantom just broke bearish from this continuation pattern which is nestled inside a larger H&S pattern.
FTM also rejected pretty hard right at the top of the red ichimoku cloud.
Both patterns give a target price of around $2-2.2
I am expecting FTM to pull up a bit and touch the trendline it broke out of before continuing to the downside. This would be optimal as it would reset the RSI on lower time frames for a continued downward move.
I have set up on the chart my intended play with take profit and stop loss levels.
This is not financial advice. Trade at your own risk.
*NOTE* If fantom does not retest the trend line I will likely set up a long position after the price target has been reached. FTM needs to do this rather soon or else it will continue to fall, in accordance to the ichimoku.
FTMUSD RSI price divergenceI’ve been detailing the way in which SPELLUSD is sensitive to RSI signals; especially price divergence.
Here, price was setting higher highs while RSI was at lower highs. This same signal is been extremely reliable for SPELL as well. I’m waiting for price to pattern out before we declare any change in trend.
$FTMThe Fantom price keeps finding support on its previous bull pennant pattern. Now, it looks like it's forming a triple bottom pattern on the 4hr. I'd be looking to see price break above the white line, retest, and keep moving up. The MACD and Stoch RSI also look bullish.
Fantom longFantom bounced off the support area. Asset bounced off the ascending trendline. Bullish movement to resistance level at 3.38 is expected to happen.
$FTM$FTM - Identical Repetition over Time
$FTM looks - Parabolic Step curve in making.
Having a close look at the Chart one may observe :
Scene 1 : Might Go further down to Yellow rectangle zone to reach green line or
Might get oscillated in Yellow ranges.
Scene 2 : IMO - this is most likely., as the coin heads down to Green Line to make new ATH.
$FTM might do a $LUNA or $SOL IMO., considering a long term prospect.
FTM Fantom rejected by GANN trendline...Big fall may be coming.If FTM does not hold 2.86, there is a weak support at 2.50.
However the only strong support is way down at 2.00,
which is also the FIBONACCI 61.8% level & dma200.
Also looking like a running flat correction.
Not financial advice.
FTM - SOL comparison - Interesting TOP formationspretty self explanatory. looking at topping price actions here.
ive tried to keep proportions the same. you'll note FTM moves harder than SOL. prob because it's much smaller cap.
maybe we repeat SOL's topping price action with FTM . ill be watching this one.
does btc play ball here?
gl
FTM trend retest confirmationFTM FA bullish as hell with strong efi and TVL some of the highest in the space. this retest is bullish and huge for the next leg up for fantom. i could see 3.5 blown past and 4 within sight.
fantom price actionftm bullishness is not yet confirmed ,it will give one more bear move to the down side
Cup n Handle Breakout-Long FTM Nice risk-reward of 4.66/1.
Entry around 3.2 with a Target of 4.75.
Stop-loss 2.78
Cup & Handle FTM LONGFTM has formed a cup and handle pattern. Bulllish
FTM has a lot of hype right now. Bullish
FTM in my opinion is undervalued.
FTM LONG BABY!!! LFG
FTM Warriors - Possibility 1 or Possibility 2?FTM Warriors
Possibility 1 or Possibility 2
Where shall we go...
Fantom analysis : UPDATEFantom analysis : UPDATE
last idea/fractal went to shit.
Various options/fractals im looking at. im thinking purple. zoom out to see properly.
This Chop is gonna be fun. Hopiumly its that bull tard option but i somehow doubt it.
gl
FTM BULL FLAG FORMINGI called the bull penant two days ago, now we're looking at a bull flag. Heading up to retest all time high at $3.50 then to the next .618 at 3.70 I believe.
With TVL we're looking at a monster in the making if BTC dont shite the bed.
FTM IS A SUPER ROCKETHello guys, i am gonna tell you that FTM is gonna hit $4 make sure and this is great blockchain and this price wiill give you huge profits if you hold FTM..
thanks alot
FTMUSD 2-timeframe and candlestick analysisI dub this 3-day 1D candle pattern "three rockets". The first is a continuation candle and the other two are bullish hammers. Interestingly, 4H candles in the highlighted callout print a little consolidation wedge.
Some on chain indicators I'm viewing such as the Reserve Risk on BTC show us entering the lowest point (think oversold) since November 2020. The rest are somewhere in the middle, so I continue to believe we aren't through with the bull cycle.
Lastly, we punched strongly through the resistance trend line . If the 1D closes over this, and BTC at least holds its price level, I'm bullish (for now).
