FTM tripped on the hurdlewe have been rejected in the .50 cent again so we have all signs pointing to the double top target you see on the chart ....will it play out????
FTMPERP trade ideas
FTM one last hurdle.52 cent is the only line we have not broken since mays dump .46 needs broken again now and i would like to enter at .42 if we can revisit it. After that .68cent then 1.00 to 1.08
$FTM LONGFTM after breaking out of the falling wedge pattern has now formed a cup and handle pattern. It is currently facing a resistance at $0.48.
Breakout from here and we should be looking at $0.52
FTM: Macro Head and Shoulders FTM has put in a temporary bottom at .382 fib at $0.2 along the 1.618 fib channel line with Weekly Bullish Divergence finally playing out. I do expect the cryptocurrency rally to continue after a breather/period of consolidation. Expecting FTM to eventually make a 50-61.8% retracement back to $0.8-$1.12.
FTM ~ Approaching resistanceExpecting roundtrip to range low once DXY reverse.
Deviation and under touch 43c would be trigger.
FTM Elliott wave analysis Hello, it seems that the FTM currency in the form of zigzag Elliott waves has a correction ahead, and wave A seems to be completed and ready for wave B.
FTM: short setupThis is one of the most dangerous short set-ups in the market.
Untouched prices since Jan21 Run-up resulting in 'air' below the current price level.
breaking 0.174 will be the first confirmation.
Targets:
1) 0.060: previous ATH
2) 0.028 : Origination of move and 0.61 extension of the current range
FTM/USDT. Another coin on our watchlist today is going to be FTM coin. well currently at $0.2042 this coin is sitting just above the trend and also is currently in a range of tight BB path which is usually referred as "Calm before the Storm". So here we are with two possible scenarios here - any thought?
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FTM/USDT Elliott Wave count 12H TFFantom into a falling wedge pattern what I think it is a 5th wave ending diagonal, translated into Elliott wave theory.
Probably we ended the wave A from an ABC 5th wave of a 5th wave bigger degree and now we may enter into wave B from this ABC pattern(red count).
A trade plan here is to sell into 0.5 - 0.618 fib retracement (0.235 - 0.226 zone) of the wave A where also we have a strong resistance, the red pointed slope trend line.
Targets for this 5th wave is 0.150 - 0.145 zone where we have previous low from July 2021. We may take into consideration a truncation here as 0.618 fib extension 3rd vs 4th it perfectly aligns with the previous November 22 bottom.
Bigger picture remains bearish on FTM.
Any breakup of the wedge pattern will invalidated the count!!
If you want me to analyze other coins that interest you, please write in the comments, I will gladly do it within the available time.
Good luck!
$FTM Long & Short Scenario$FTM Long & Short Scenario
$FTM Long & Short Scenario
$FTM Long & Short Scenario
$FTM Long & Short Scenario
FTM Looking ready for breakoutFTM is at trend resistance again for the 6th time and it looks ready to breakout after a bull flag consolidation.
I am looking at a move to $0.33
Good Luck
FANTOM - FTM flexing - Andre's ProphecyFANTOM - FTM flexing - Andre's Prophecy
Update DEC 2022 ;
Andre posted some pumpy financial stats. FTM immediately initiated an off the bottom pump structure.
His stats etc are indeed very bullish for FTM's future (basically have massive cash dev runway/managed/ponzid their way to a very strong position going forward). That means DEFI round 2 will prob see FTM rocket up the ranks faster on the next bubble.
Long term accumulation imo.
May have one leg down; if BTC does the 10k thing then make no mistake FTM will PLUMMET; even if it has a big future. because; its a shitcoin and it went up so much already. like RUNE.
We seem to always be at a pivot, but here is another one here. if the price action produces another strong roll over, exit all markets and watch out below; if we keep grinding up like this its going to quick moon and buckle up.
Catch the ratio with higher risk FTM small cap plays; SPIRIT - BOO - LQDR etc
FTM downside boysmore downside incoming for FTM, love to see this action hopefully simulating the accumulation phase, however it is too earyl to tell. will most liukely bounce around these lower levels for a while, after clipping the .15 it might have taken out the low and therefor coult start to trend upwatds, completly depends on what eth does and how it trades. watchout for some downside to come.
Fantie's about to FlyFantom is showing a divergence in sentiment after positive news of the Foundation's finances.
Trend looks to be building up steam.
This Logarithmic Chart Shows Fantom at Key IntersectionThe weekly Fantom (FTM) chart exposes a massive logarithmic channel that shows the FTM price at a key intersection between the bottom of the channel and a multi-year support level. An analysis of the FTM price action behavior within the logarithmic channel may reveal its next move.
FTM Logarithmic Channel
Long term, the FTM price remains locked in a logarithmic ascending channel. By connecting the previous peaks and bottoms, we can outline a clear ascending channel that shows potential future directions of FTM price.
In the short-term, FTM is already bouncing off the bottom of the channel. The bottom of the channel also aligns with a multi-year support zone between $0.15 and $0.16, which adds more confluence to this price area.
FTM Bullish/Bearish Cycles
The channel’s middle boundary played a major role in delimiting FTM’s bullish and bearish cycles. When the FTM price broke below the middle of the channel, we entered a bearish cycle.
We can also note an almost perfect symmetry between the length of the bullish cycle and the length of the bearish cycles. On average, FTM price has experienced a 60 week cycle.
If we project the same 60-week cycle into the future, we can expect FTM price to break the middle of the logarithmic channel by mid-2023, which would also be the start of the next bullish cycle.
RSI Oscillator
The Relative Strength Index (RSI) has the tendency to call the breakout of the middle channel in advance. A break above the 50 midpoint can potentially signal that the bottom is set in place.
Looking forward: The first resistance level comes near $0.42 level followed by the $1.0 big psychological level.
FTM/USDT Elliott Wave count 3D TFFantom may drop soon to end a 5th subwave from a 5th wave of a C wave from an extended flat correction that probably is wave 2.
What I expect next is a downward movement of the price to the 0.1455 zone marked by fib projection 3 vs 4 that you see in the zoomed picture of the last price action moments to complete this 5th wave from an ending diagonal .
I think that soon we will have the end of wave 2 and the Fantom will start the formation of wave 3 from a higher degree.
At this time I expect this wave 3 to start from 0.1455 zone where probably we will have the bottom of the correction.
I will stay short untill this ending diagonal is completed!
I have also a scenario with wave 4th a triangle but I will put it as a comment so as not to clutter the view but the overall things are bearish .
If you like my analysis please hit the like button and subscribe for future elliott wave counts!
Good luck!
FTM/USD shortFantom getting rejected on 0.618 fib retracement confluence with long-term trend line and bearish divergence with RSI + Stoch RSI crossing down on 4h chart.
Short opportunity/ trend reversal after breaking the white trend line.
FTM time for a small pullbackFTM is at a pivotal point which gives us a great risk reward trade.
i am setting 3 short orders at
0.2425
0.2440
0.2480
I have 3 take profi points as well.
0.2402
0.2385
0.2352
Stop loss if 1h candle closes above 0.2480 so keep an eye on it.
max loss 1%
max profit 4%
LEV x2
( while writing this post,i got in at first entry,but you can set the orders,it is still valid)
FOLLOW FOR MORE
FTM Pumps Higher! What Levels Are Next? FTM has been quite the outperformer today pumping more than 15% and leading the charts on Coinmarketcap! Let's take a deep dive into some technical analysis and where my current targets lie:
1. Looking at the 12h chart for Fantom, we can see the Whales buy-sell indicator flashed a buy and combined with our RSI that was also over the signal line, that gave us our entry at 0.18. Since then, it's pumped over 33% :)
2. The next big resistance level for FTM is 0.245. This coincides with our previous resistance on Oct 31st. I'm watching this level closely and starting to take profits as we are very over-extended. I would look towards the 0.21 level if you're thinking of entering. That was key support on Oct 28th and was previous resistance turned support on Nov 11th. If it falls through that, then 0.19 is your next bet as it was previous resistance turned support on Nov 16th.
3. I believe FTM still has room to run this year as Andre (founder of Fantom) has been publishing various articles confirming it's longevity and continued progression in the space.
If you enjoyed my TA, please give this article a boost to help spread to the masses! And if you have any questions about my TA or indicators used, leave a comment please or send me a PM :)
Thanks for reading!
Fantom FTM Getting Ready for The Next Huge Move?Fantom FTM looking bullish, following the news of the return of #DeFi coder Andre Cronje.
Scholastic RSI:
Monthly - Oversold;
Weekly - bullish;
Daily - Overbought;
Fantom is expected to go one leg down on the daily time frame before the next huge move.
Fundamentals:
Watch out for Dec 1-2, 14 (Fed data).
On December 01, Fed Chairman Powell speech on the U.S. economic outlook and job market.
On December 2, the United States Unemployment Rate data for November.
The probability of a 50bps rate hike on December 14 is currently 75%.
Noteworthy:
The trend is your friend; Identify the trend, ride the trend until it end and reaches it bend.
Once you get risk free, ride the trend it end and reaches it bend.
No one ever went broke taking profits whenever the crypto market trend (direction and time) is in your favor.
Do not forget the historical wise saying, "Never invest more than you can afford to lose."
Not a financial advise, I suggest using this only as a guide - Do your own research.
Let us know what you think about this subject in the comments section below.
Kindly support this idea with your like and comment, thank you.
Fantom prediction 1,000 days from nowThe Pitchfork indicator tool suggests on the logarithmic chart that if Fantom follows through with its historical data, this is the bottom and we could see gains anywhere from 18000% to 180000% within the next 1,000 days cycle.
