FTM in weekly chart is Bearish or Bullish?Hello everyone
FTM is on of the most beautiful symbols in the market, in terms of Elliott Principle, but it has had many alternatives recently in its corrective waves and it seem that there is more correction for it. I should chose my side and I chose bullish market for but please consider a second scenario for its wave II cycle to go down.
Thanks
FTMPERP trade ideas
A discussion about FTM Coin for Elliotticians .Hello
I selected this topic because there some rules in Elliott that completely is uniq.
I do not discuss for this coin situation and analysis because all of you have your
valuable analysis for this coin but I just want to ask you a simple question :
This correction (as wave (II)) is finished and you think this pattern is enough for
a major rally.
Thanks
Fantom at .40 cents a fresh startAndrew Cronje is going to have an event this month
and said he will focus on Dapp ecosystem
looks like an abandoned project and not much investors
maybe a good time to accumulate this march
Waves 2Next round waves 2 for FTM before the three ?
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$FTM Looking Pretty Good for Upwards Price actionFTM came down and tested the bull market support band 3X. Appears to have moved out of the accumulation zone and into the sign of strength, so my expectation is that we're going to be seeing some green candles.
FTM: $1.15 | Loyalty Check in play for $5.0 Rewardgreat community solid projects
just a matter of settling issues and new investors getting volume for the next big payout
Fantom 600% Potential in Long TermElliott Wave Pattern:
The chart shows a complete Elliott Wave pattern with the sequence 1-2-3-4-5 followed by an ABC correction. Currently, FTM is in the initial phase of the third wave of the new cycle, which signals the potential for significant upside ahead.
Fibonacci Retracement Level:
FTM has tested the 0.382 Fibonacci retracement level several times as strong support. This provides an indication that the price is likely to respect this technical level, which is usually a positive sign for potential further upside.
Moving Average:
The 21-week Exponential Moving Average (EMA) shows an uptrend. When price is above this EMA, it usually indicates bullish momentum.
Price Target:
The price target projection using Fibonacci extensions suggests that the price could reach around $5.55 in the anticipated wave 3 phase. This provides interesting upside potential from the current level of around $0.82.
Sentiment and Fundamental Analysis:
Based on the latest analysis and predictions, the Fantom project has growth potential supported by the adoption of new technologies and collaborations in the DeFi and dApps ecosystem.
Fantom: Ready or not?FTM fell back to the upper edge of our magenta Target Zone ($0.7680 – $0.5047) last week and ran sideways above this level. Primarily, we continue to grant the coin the opportunity for a deeper dive into our range in order to reject the low of the magenta wave . Only then should it turn around and rise above the resistance at $1.22. Should this level be exceeded earlier (37% likely), however, we will have to place the price in this uptrend now.
FANTOM #FTM to $2.60If we are lucky of course lol and log targets are hit for us.
W bottom with the linear target giving us price objective of just over a $1
core positions should have been acquired by now ofc
or if hit it big with #memecoin
FTM is a low risk midcap to rotate profits into
(imho)
#FTM/USDT ANALYSIS FTM has successfully broken out of the symme#FTM/USDT ANALYSIS
FTM has successfully broken out of the symmetrical triangle and completed a successful retest. The Ichimoku cloud is acting as support, and the MA 100 is showing a bullish trend. As long as FTM continues to trade above the triangle, a continuation of the bullish move is expected.
FTM breakout Rally Eyes $1.85Bullish Breakthrough: FTM's price has decisively broken above the resistance trendline, signaling a robust bullish reversal.
Stunning 24-Hour Surge: An impressive 26% increase in the last 24 hours marks a significant turnaround, underlining strong buyer interest.
Bitcoin Boost: A substantial overnight jump in Bitcoin has catalyzed a broader altcoin sector recovery, benefiting Fantom significantly.
$1 Horizon: The current momentum suggests that FTM is well on its way to surpassing the $1 milestone shortly.
Volume Vigor: A spike in trading volume supports the ongoing surge, indicating a solid bullish conviction among traders.
RSI Ramps Up: The RSI nearing the 70% line showcases a dramatic increase in buying pressure and market enthusiasm.
EMA Evasion: Breaking above the 50-day EMA has successfully averted a potential death cross, reinforcing the bullish outlook.
Fibonacci Favor: The price challenges the 23.60% Fibonacci level at $0.8194, with eyes set on further gains.
$1.50 Potential: If momentum continues, FTM could not only breach $1 but could aim for the $1.618 Fibonacci level at $1.85.
Consolidation Conclusion: The end of a consolidation phase paves the way for a new bull run, potentially leading to substantial price increases.
Fantom “Big W” Pattern developingI absolutely love it when we can discard more complex names for chart patterns, like the Bump and Run or ascending inverted scallops for more simplistic names. The Big W looks like a big W. And Fantom looks like it is in the second low of a big W. My source material for the Big W is Bulkowski’s The Pattern Site and I use his lettering system. TL:DR at the bottom.
www.thepatternsite.com
The Pattern and Trade
The Big W is identified by its steep fall to target and then a rise that is at least 10-20% of the low. Because we are looking at crypto we have a Point D that is over 200% above the low at B. The uptrend is provisionally supported by a bullish MACD cross below zero. I always like to visualize the MACD EMAs and we can see that price has gotten above the short span and is sandwich between it and the long span. Given my assessment on the macro crypto environment I suspect a quick move to D is very likely.
As a somewhat aggressive trader I am in my position now. A more cautious trader enters when price gets above point D. A 15x (non-margin) on this trade would suit me rather well. I don’t want to assume to much what I will do when price returns to the A level. I may rotate fully or partially this stack into another promising project or I may just hold.
About Fantom
Quite frankly the thing I know most about this project is the chart looks amazing. I am looking at layer 1 projects but everything else is noise to me if the chart looks bad. Fantom tries to solve the trilemma by using be asynchronous Byzantine Fault Tolerance? Great. Don’t really understand, the chart looks great. It uses Lachesis to be asynchronous Byzantine Fault Tolerant? Great, the chart looks good. They have Defi and GameFi. Great! The chart looks good.
fantom.foundation
A bit more seriously, I know that Fantom NFT platform atrion (artion.io) uses chainlink as an oracle, which is nice given my interest in chainlink (my most recent idea was on link). You can link your metamask or Coinbase wallet and pay for your fantom NFT with other currencies and chainlink sets the exchange rate. Pretty neat.
Sidenote: I have never bought a NFT. There are some “waifu” NFTs on atrion and I am not sure what negative emotion best describes the idea that someone would buy a image of a waifu. I certainly am not spending money on one. But there may be some money in it for you if you want to.
I know it has fast finality and relatively high through put, and smart contracts. Probably why the chart looks so good. Also, this is a relatively low market cap coin. It is not advisable to try and put on large amounts of margin or large market buy orders. You may very likely find yourself in a buy way above your intended price as you draw up the available liquidity. If you do that in a margin account you can quickly blow yourself out.
TL:DR
The chart looks good, come help pump my bags. We are all going to make it.*
*Not financial advice. I am not a financial advisor, and even if I was, I am not your advisor.
#FTM/USDT A Falling Wedge has formed on the 12-hour time frame#FTM/USDT
A Falling Wedge has formed on the 12-hour time frame👨💻
The pattern is poised for a potential breakout🔺
If a successful breakout occurs, a significant bullish wave is expected🌊
FTM about to breakout or get rejectedFantom is about to breakout of a clear resistance, it has already tried to breakout once and has failed. This should be interesting
Get rich with this offerTwo explosive buy deal offers
The first is short-term and fluctuating
The second is long-term and maintenance
You can also use this opportunity for a sales position .
#FTM
#crypto
Fantom: Docked in 🚢⚓FTM has reached our magenta Target Zone ($0.76 – $0.50). Here, we expect the low of this same-colored wave (ii). Long positions could be opened here accordingly. Stops could be placed around one percent below the lower edge. With the low in place, a rise above the $1.22 mark should be on the cards.
FTMUSD Descending-Broadening WedgeClear time to buy the dip on FTM, the only question is to buy now, or wait to see if we drop to 60c.
FTMUSDAccording to the waves analysis we can expect that price rise again to the green zone. follow me for more ideas
Fantom: Strong Bulls 🐂FTM rose sharply over the last seven days. We now consider the low of the turquoise wave 4 to have been placed in our Zone ($0.76 and $0.87). With the last leg of the turquoise-colored five-part wave, the price should now rise above the resistance at $1.22.
FTM Eyes 70% Hike Overnight Jump: FTM price has experienced a significant overnight increase, maintaining its position above the 23.60% Fibonacci retracement level.
Bullish Engulfing Candle: The appearance of a bullish engulfing candle indicates strong underlying bullish momentum for FTM.
Price Projection: If the current uptrend continues, the FTM price could potentially reach the $1.75 mark.
Market Capitalization Growth: Fantom's market capitalization is nearing the $3 billion mark, signaling a bullish trend for its native token.
Reaction to Bitcoin's Volatility: Despite the overall market weakness and Bitcoin's price dip below $70,000, FTM has shown a significant jump, raising questions about its sustainability amidst rising BTC volatility.
General Market Sentiment: There is an optimistic market sentiment projecting FTM's price sprint to $10 within the year.
Trend Reversal and Performance: Visible trend reversal in the weekly chart, indicating a significant upside potential. The price has seen a 462% increase over the last 175 days, crossing the $1 mark.
Current Price Status: Despite a recent 18% drop over two weeks, FTM is trading above $1, currently at $1.0298, with an intraday increase of 1.11%.
Technical Indicators: The weekly Relative Strength Index (RSI) remains in the overbought zone, suggesting a strong demand for FTM.
Daily Chart Analysis: A bullish reversal from the $0.8197 mark (or the 50-day EMA) has been noted, with the coin now showing a 5-candle bullish streak, indicative of a rounding bottom reversal.
Optimistic Outlook: Should the buying pressure continue, FTM's uptrend might reach the $1.75 mark, corresponding to the 50% Fibonacci retracement level, suggesting a 70% upside potential.
FTM -LONG !!!we fill a position with several limit orders, targets and limit orders are marked on the chart, good profit to everyone
FTMUSD support and resistance Hi, welcome to my Fantom analysis
Today we have 3 level support,
Support 1 are previous higher low at fibonacci 0.382. If 0.9242 able to hold bearish movement, our target at 1.2289 with 33.75% profit projection
Support 2 also as strong support, becuase this level are fibonacci 0.618 support and also previous strong support. If this level hold bearish, our target at same level as target 1, with 69.25% profit projection
Support 3 are the last support for Fantom. If this level stop bearish movement, target at 1.2289 with 136% profit projection.
I will update more about Fantom if I get a new key level or a new pattern.
FANTOM - Bulls Are Done. Bears Coming In!Following on from our last analysis of Fantom, we closed our long setup with over 200% gains!
We are now looking to take Fantom short. On the higher timeframe, we are in wave 2, which is an ABC correction. We are now looking for wave C to take Fantom down.
Trade idea:
- Safe entry on break of red trendline
- risk entry on lower timeframe trendline break
- tight stops above the highs when either entry trendline breaks
- Targets: 0.17, 0.07
Please note that we have confirmations in place in order to tell us whether we're in wave C and to confirm our short idea.
Goodluck and as always, trade safe!
See our previous setup below:
