Fantom (FTM)Fantom needs no introduction, a popular project which maintained its usefulness as well as high trading volume. After FTM price skyrocketed, a corrective wave started which seems ended at 0.382 Fibonacci retracement. The 0.382 area is a strong and important one since it was able to supported price several times; if this area breaks downward, for any reasons, the grey line below can come to rescue. Anyway, it seems an upward impulse wave has started and currently price consolidating in a triangle shaped pattern. If price breaks this consolidation area upward it means continuation for the impulse wave. Let's see what happens.
FTMPERP trade ideas
FTM CylinderPublishing to track Fantom's possible breakout from the cylinder it's been forming for the past 2+ years of accumulation.
$2 should be the near term target. With the BTC move and the FTM announcements, if there was ever a cycle for FTM to follow the ETH, AVAX, SOL type of moves, it's this one.
Heading into resistance now, but if it can clear the 1.2-1.3 zone, it should start moving. Depending on the climate when it reaches the second zone in gray, this has a good chance to pick up steam.
FTM to 1.4$FTM I expect to run to 1.2-1.5$ in December, this token has been consolidating and waiting for a while, a real dark horse. When FTM becomes S, we really need a coinbase listing for a long-term success of this token, the fact it is not listed is actually obnoxious to me. I have been in the FTM ecosystem for a very long time and wait for the day we finally see the listing. We could really see this one run next year 5-15$ tbh, I do not have any sell targets for myself here since I want to see how this plays out.
FTM USDT weekly bull postingbeen slowly grinding up here after this beautiful HTF gartley played out
been chopping up at this level for a bit though & would like to see expansion soon to Weekly FVG
could look for longs on a raid of the internal low inside the local Daily FVG for a move higher
otherwise would wait to see if we can flip ice lines into support if we just pump here
FANTOM is about to rise as WAVE 5 hi traders.
as seen in fantom chart, we are completing wave 4 as an falling wedge. i think after wave e and gaining some momentum we can have a rise as wave 5 .
#DYOR
FTMUSD Trade setupAccumulate in this area, FTM is primed in Q4 2024 - Q1 2025. Sonic will generate new ATH's.
#FTM FANTOM COIN LONG POSSIBILITY - ALTCOINI will be watching to marked 'Long Zone' for possible long position.
LTF confirmation will be needed in order to open position.
Possible target would be the purple line.
Risk assests are doing good recently but we have still geopolitical risks currently.
Nothing i share is financial advice. Education purposes only.
FTM LONG Bears failed to drop the price below 0.6 .
0.58 - 0.55 demand zone acting as strong support. Coincides with golden zone for current wave retracement between 0.5 and 0.618 fibs.
Bulls fully in control from here. Next target for long TP : 1.02.
FTM Short : Bulls ExhaustedLooks like bulls are exhausted from recent up trend. 1.618 fib point should have been the take profit for most long traders. Price broke below demand zone at 0.618 indicating increasing sell pressure. Same demand zone is now acting as supply zone (resistance that bulls have failed to break above.
Short position from here.
Head and Shoulders with price retestA drastic dip occurred with week buy action. FTM value has been reset to the low 0.60 zone. I expect a price bounce from the head and shoulder retract. I called a head and shoulder earlier this week on the XRP chart, and FTM has also followed that trend. 20MA and 200MA are still playing the break for all long positions. The moving average holds uptober excitement, but we will have to wait and see if it will hold strength and value next week.
Support - 0.56
Resistance - 0.65
Momentum - Low
Volume strength - Sell
Fear & Greed Index - Greed (73)
Fundamental analysis—With new price discoveries, it has been a rough week for all cryptocurrencies. I've noticed that the world crisis events will determine crypto price bounces. A lot of selling occurred with whale accumulation.
FTM update pushing momentumFTM is hitting the momentum Fib, the ever important signal of strength and momentum in my opinion. My late November target still remains pictured as the circle. There is moderate resistance around the next Fib but a wide range after that. The weekly stochastic might need a bit of a reset but the daily is just getting started. I would love a confirm above this Fib here, and then a pullback to build support above it.
Short- Term = a test of 85 cents
Mid term- my target Nov 11 =1.3$
Symmetrical TriangleFTM is breaking resistance for the third time. A possible Symmetrical triangle has formed to continue the upward trend. 200 MA is still playing the break. Value should play above resistance in the coming days, fighting for higher highs and new lows.
FTM Uptrend ContinuationPrice retraced and found strong support at demand zone around 0.65.
We can take another long position from here with SL slightly below low of the demand zone. TP should be around 1 USD.
FTM Super Long Update The demand zone has been cleared . As a golden rule with trend lines buy on the second or third touch in respect of trend line formed and direction in this case upwards.
FTM to the moon from here
FTM Long : Rounding BottomFTM price has completed rounding bottom formation including breakout at neckline. Price has retraced and is in a very strong demand zone. Max long potential from here as crypto ltcoin bull run begins.
FTM Breakout Short RetraceFTM price finally broke out of falling wedge. A supply zone has been form on 1 hr at strong resistance point . Looking for a long setup when price retests this supply zone in readiness for pullback
Fantom Inverse head & shoulders to reclaim last six month lossesGood afternoon Lads,
The last six months have been very painful. I have been buying more and more crypto but my account goes lower and lower as things find their bottoms. But my total stack of crypto in terms of unit of account has gone up. There hasn't been much to post. But now I have a reversal structure in the shape of an inverted head and shoulders. So far this pattern has developed over around 70 days and its pretty close to the neckline.
This is basic charting and Elliot wave theory. Price had an initial uptrend. This creates an opportunity for profit taking and a pull back. We can see that in the ABC correction. We have completed a reversal pattern around what use to be previous resistance (the black triangle).
In short order we should see the price of fantom double. That is almost cute compared to what we are looking for in the long run.
Here is a Fibonacci extension our current impulse and correction. Hitting 1.618 and 2.618 targets is standard long term targeting. That is an 11x then a 90x if you have strong hands
Those targets become cute themselves when you look even further out.
In a year, when things seem to have gone absolutely crazy and crypto and the world has lost its mind I expect to see fantom up there over 700x. I expect massive and vicious pull backs on the way centered on the 0.618 and 0.786 levels. But that won't matter to me. I will have reached my financial goals way before then.
54 weeks are left in the cycle. The longer we go sideways after the halvening the better I see the upside being.
Short Term Outlook : Long to 0.48 RegionSpotted divergence on the 1HR MACD after the recent sharp price drop .
- There's a fair value gap still unfilled on the 1 hr chart as well at the 0.48 region . I see price reversing to this point from here.
FTM LongAfter yesterday's flash move down long opportunity arises . Price has retested demand zone and looks to fill FVG gap between 0.47 and 0.485.
