twin roof Range flag 🏴Mid-term downtrend ↘️
🏴twin roof Range flag poleback points 🔛1.14 - 1.36
Best price for Hold 0.38 - 0.40
FTMUSD trade ideas
FTM long formed a double bottom on the pull back and bounced off support. taking profit 2.02 SL 1.86735
FTM/USDT - Potential 76% SetupHello Traders!
This week the market put geopolitical risks in the price. Many assets are corrected locally with a renewal of minimums.
It is possible to look for purchases of FTM in the range of $1.48 - $1.68. It will be necessary to close the deal by a stop-loss only in case of renewal of the minimum at $1.25
Targets of short-term purchases will be price levels of $2.43 and $2.96
Good luck and watch out for the market
P.S. This is an educational analysis that shall not be considered financial advice
FTMUSD exit from trendWe exited the wedge to the downside. I wish I could say I was surprised, but I suspected there's enough negative news on Ukraine - Russia and the US/Nato's tepid response that it would sway the total market. Uncorrelated markets correlate more often than they don't, funny enough. At any rate, hope rebound from a potential double top on long time scales.
BEARISH TRIANGLE ON FANTOM (FTM/USD)Fantom has been consolidating within this triangle for 29 days and today it looks to be confirming a Bearish Triangle (I have attached an image for reference)
The market has made consistent LH/LL which is true to a bear market - even though price climbed 28% from support this wasn't strong enough to break $2.40 zone which signalled a chance to short the market.
Shorting the market when price has made LHs is one of the best areas to short and less likely to be liquidated as we are the right side of the trend!!!
"Big fan of FTM which is one of the best Layer 1 tokens with strong fundamentals and a strong community" - I will be looking to accumulate more FTM in the near future
FTMUSD wedge still in playThis wedge has been playing out consistently for months. This means we should dip below $1.60 before the new bullish swing begins. Overall volumes are declining, and technical indicators are near the bottom (RSI, AO, on-chain, etc.)
FTM Possible Reversal zoneshighest probability area for a bounce would be the weekly supply zone level from 1.30-1.40
Get ready for the pump FTM 80% updsideDescending triangle about to break. We need a strong green candle.
Key levels approaching for FTM Some key levels directly ahead for FTM... Hold? or back to Goblin Town? Likely have to get a wagon to pull around my bag for awhile...
FTM USD - Potential Wyckoff Accumulation PatternFTM USD looks to be creating a Wyckoff accumulation schematic.
Price is currently showing signs of putting in a "spring" and we could expect to see one last test of the lower level of horizontal support which is where I am aiming to take an entry. Aiming to take profit at the top of the range.
Headed to Goblin-town? Not alot of option left on the table for $FTM... UP or a one way ticket back to Goblin Town... Bummed
fantom free fallyeah the bestie is going down,, descending triangle signifies trend reversal, this time to the downside i assume
FTMUSD ideaKey level here to watch is 2,1 - if we see a reaction on short time frame (H1 minimum), it is a nice spot to go long to target 2,6 / 3,1 / 5,4 long term
If 2,1 breaks, as it is a long term play, I will hold until 1,85 (last zone of resistance)
FTM Fantom we MUST pay attention to price here We are currently at the mid-range after spiking up and rejecting back into range. We are likely to see a bounce at the mid-range but if we are to lose this level there is a demand zone that coincides with the 50 day MA that will almost certainly get tapped. The RSI is giving mixed signals here as there is a strong bearish divergence based on the highs but a weaker hidden bullish divergence based on the lows. If we lose the mid-level I will look to sell and buy back if the range lows hold. With stocks overextended and interest rates bound to go up, we are in an uncertain place where it's better to be safe and pay attention. It's better to sell if things look bad and miss a few percent on the way up vs losing 90% of one's portfolio on the roller coaster down
FTMUSD -- LongFTM showing signs of accumulation after a big draw down. Measured moved of accumulation structure = $2.95.
Hidden MACD and RSI Bullish divergence on 4h.
Bearish biasThis pair has broken out of the ascending trendline and has broken the horizontal support. The price has retested the previous support and we can see some bearish rejections. I expect the pair to continue this bearish momentum. Strongest area of support is 1.28
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FTM appears ready for higher levelsWatch this new resistance trendline.
MACD 1H may curl down and test previous resistance before test and breakout of YELLOW trend.
Once broken $2.60 is the next target.
Good Luck
FTMUSDMy 2 cents on one of the strongest coin. Risky scenario to bid on.
Prob. approach : 70% to TP1 / 30-40% to TP2
