very nice setup here🚀triple bottom bounce off RSI support, temporarily broke recent support on the chart and possibly trapped a bunch of shorts there!
watch for this downtrend breakout and then look for a quick rally to 3.
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FTMPERP trade ideas
Massive Buy Signal...This is your textbook EW 5 waves up and ABC correction to re-test the previous wave 4, there are so many screaming buy opportunities atm I'm struggling to make charts for them all.
FTM - Repeating Pattern Almost an identical pattern reforming here. Bulls will hope the rest of the narrative will play out.
FTM Potential Local BottomJust a quick post,
Feels like a good place to load up on some FTM if you haven't.
RSI printing a bullish divergence on the 4hr, Hitting crucial .382 Fib Lvl which has played out as an impulsive move to the upside in the past.
Retesting previous ATH set in September.
Seems like a good r/r trade unless BTC decides to nuke, if it does, 1.5 is on the table
Cheers
FTM Long EntryAs most altcoins follow the path of Bitcoin FTM fell 25% this week due to Bitcoins price drop. The levels now are very oversold on the 1hr time frame, at the 10 levels. The price has fallen to a key support area that FTM has respected before, at the $2.05 area. As long as Bitcoin/Ethereum’s price doesn’t drop drastically and finds stability, a long at this level seems appropriate. The target for this trade is at the recent high of $2.40 which is a 20% gain. The stop-loss area for this trade is at around the $1.76 level.
short term bearish set up. fomo now or neversmall profit for short set up in a very short time. target around 2.90 for a bonus pullback
FTMUSD (1D) OutlookIt is easy to assume that price would go up because of trendline 33rd touch rule (Entering a trade on the third touch of a trendline for confirmation is a good concept to employ).
But we have to be careful to use SL of 1.91033156 just incase out assumption become vain.
LET ME KNOW WHAT YOU THINK AND PLEASE FOLLOW NE AND LIKE MY IDEAS
Scalp FTM LongDaily range - volatility allowing it to range. Scalp trade. Currently Compounding at the second long position. ready to grab the liquidity and sell stops above the range at $2.22. We want the MSB to be broken at $2.17 and retested, to continue the bullish movement upwards. These are the only 3 Trades I have taken/will take today.
SOL first FTM next, then the others.SOL first FTM next, then the others.
Simple idea here, you can see they seem very similar at the moment, but I think they maybe sneakily out of phase. With SOL already mapped out what FTM is doing. Final leg up here before chill out period. When no doubt some other shit will pump. The capital is very much rotating around this time. As no doubt the capital requirements have made pumping the whole frigin market at once, like last time, a little harder.
Lets see if this plays out.
FTM Fantom 1H - Something is brewingI am reviewing the Fantom 1H chart and noticing the price hovering around the bottom of the long upward channel. In the prior small descending channels there has been two touch points and then a breakout into a rising consolidating pattern before a parabolic breakout. It seems that we may gearing up to meet the top of the current descending channel before possibly the next leg up.
The RSI shows that we may still get some possible short term downside price movement before a nice bump up.
If we can meet the top of the trendline, we can make a good 15-20% gain.
What are your opinions on this? Comment below, hit the like and follow me. Thank you!
Check out more below for recent Altcoin, Bitcoin and Stock Ideas.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
FTM: Currently squeezed, low BBWP, Money Flow pointing upIn addition to the things mentioned in the title, there's a Double Bottom on the 1h, which has a validation target that has confluence with a .618 Fib of a local retracement's Fib. Price target is marked in green.
FTM ready for blastoff or a double top?BITFINEX:FTMUSD
FTM is looking like its ready to resolve its 5th wave structure.
Will it blast into price a new price discovery, or double top, into an ABC correction?
FTM/USD FANTOM Fifth wave Target $6.00 Fantom looks like it is completing the 4th wave and may touch $1.90 before next move up to about $6.00 and possible blowoff top of $8 depending on how aggressive Bitcoin runs. Indicators are pointing to a short term correction maybe over the next week or so then onward and upwards to the top of wave 5 before any kind of consolidation correction. I will revisit when we get to that point and see if there is more steam left of if it has topped out. Thank you for checking out my charts and if you have any charts you would like me to look at let me know and I will do a chart analysis on it. Not financial advice just my opinion.
$FTM bullish viewFantom has the potential to reach $16 and above. It depends on a few things such as the overall marketcap moving higher, BTC moving higher and continued momentum behind the project.
This had to be a short video, my dinner is ready,
#FTM Fantom Lower High on DailyFantom (FTM) on the 1D chart shows a lower high. I charted a few trendlines to consider keeping an eye on along with a fib retracement.
What are your thoughts? Comment below, hit the like and follow me. Thank you!
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk #bitcoin #altcoins
fantom FTM futures longA great week for Fantom as its TVL has crossed ATH one more time! Rocket
if the pattern repeat is maintained we are going to see a 100% gain in fantom this week
FTM! Swing We might see the previous resistance become support.
MR. Mark CUBAN started to invest in FTM! Shark tank Billionarie.
We been banking this one out. 10TP.
This one Falls In our research on swing set ups with a good ratio of Risk and Reward.
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Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains.
Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
FTM Crucial Level of Support - Will it break?Fantom (FTM) is at a crucial level of support. Will it break or will it hold this line? These are my current targets for Fantom and what it is currently doing right now
simple FTM trade ideashould be easy 5% profit, this is just an idea and no trading advise, done for me own trades
Take away:
RSI turning up
MACD crossing over
narrow band
utilize at your own risk
