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FTMUSD trade ideas

Where Will The Downtrend Of FTM Coin Price End?The weekly technical chart of the FTM suggests a strong consolidation trend in price for upcoming days. The asset is currently stuck inside a consolidation zone and can soon see a strong momentum to a new high. Fantom coin price is trending in a supply zone and may soon see a breakout to a new high in the future. The upside trend of FTM may see a halt near the value of $3. Meanwhile, on the downside, the coin can see a bounceback near $1.5. It is currently trading below the 50 and 100 Daily Moving average, with an upcoming negative crossover in the future. If the coin price see a jumps above 15 to 20% above the current level then a strong momentum can be seen. FTM/BTC pair might also see a strong move in the future.
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by tcr_thecoinrepublic
FTM. POSSIBLE PULL BACK IN THE MAKINGFTM has only been under the 200 moving average on the 4 hour chart one time in the past. we made a few re-tests, but failed. We are below it again, and failed the first re-test. It could start to trend down to my purple support trendline, and we could be seeing a bounce in the 1.80 area. If we break the purple support line, we can find further support in the 1.56 area. Next support levels are 1.26, and 0.96 areas we also have resistance in the 2.44 area
FShort
by Bull-Flag-Buyer
1
FTM short after retraceFTM has been on a steady downtrend, and is looking for a new leg up, not only technically but also fundamentally. A lot more users are starting to discover the possibilities of the FTM ecosystem. Presuming that the trendline from ath is respected then we can see FTM reach the $1.8 zone which is an optimal place for longs. Watch for rejection from the support trendline (red dashed) and keep tight stop loss. If we get confirmed breakout from descending trendline (red) Raise stop loss to breakeven. Depending on whether the overall market is bullish support should hold, but with the current situation a shakeout is possible.
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by nirrex
My Coin of the Year 2022 - FantomHey Trader, Today I want to introduce you to my favorite Crypto Pick for the Year 2022/2023 - Fantom. I'm a purely technical trader, I indeed am interested in fundamentals since I am very interested in economics but the key for my decision is always the chart. The Chart on Fantom looks just amazing. As you can see I use Elliot Waves for my technical analysis. In this case we have already printed wave 1 and 3 which leads to our last Wave of the first Cycle - Wave 5. What's really interesting here. is, that our Wave 1 and Wave 3 are very similar in length, which leads to the conclusion that our last wave has to be longest. Usual targets for an extended fifth are in this case either the length of wave 0 to 3 or the 162% extension of wave 1 to 3, which leads to the target of around 3500 $. Based on this knowledge I see high chances of FTM to become one of the best performing Cryptos for the next year. Let me know what you think. This is no financial advice, just my technical opinion and view. RT
FLong
by RT_Trading_
8
FTMUSD signal convergenceFTMUSD telegraphed current market conditions with a convergence of signals. The black line indicates the day we could safely make a decision with proper risk management, by making sure we wait for patterns and signals to completely mature before making a decisive move. 1. On 17 January 22 FTM was trading above $3.00. That day it reached a local all-time-high, meaning on this particular time frame of a few weeks. The resistance trendline formed by price action (1) shows an uptrend. However, all of my other indicators signaled an imminent failure. 2. Volume was in decline (2). Old school traders used to say wait for volume confirmation, though I see that less and less now. However, in this context, volume is confirming a weakening of purchasing. You can then see, right of the blackline, an increase in selling to present. 3. The relative strength indicator (RSI) showed two signals. A bearish divergence illustrated in the trendline, which is also a failure swing. RSI has been extremely useful in FTM and SPELL recently and I've watched it very closely. 4. The awesome oscillator (AO) showed a bearish "twin-peaks", which diverged from the price action as well. This demonstrated again a weakening in total momentum. Using all these indicators to back a theory has become a cornerstone of my charting. Price action alone may not have telegraphed this movement, and if you combine that with good money management principles you could trade this. As an investor (long term holder with staking and farming yields) this tells me when to save cash for discount prices. In addition, in tells me not to rely on yields from liquidity pools that are pegged to this asset. Perhaps, if you were so inclined, this would have been the time to rotate liquidity pools to stablecoin farms, or other strategies.
GEMINI:FTMUSD
by Aps3
FANTOM ECOSYSTEM (Request)- FTM is one one of the big winner in this bullrun, the price seems low in price, but i checked many indicators and noticed that FANTOM was bullish 80% of the time. What is the Fantom ecosystem? The Fantom Foundation is building a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies. Fantom is a fast, scalable, and secure layer-1 platform built on an aBFT consensus protocol. Dyor it if you want to know more about FTM. - Basically, i don't see this coin retracing for now, but like always, all depends on TheKing. So manage your % investment. ---------------------------------- Trading Plan ---------------------------------- - Buy : Now - Rebuy : 2.5$ - Rebuy : 2$ TP : 4.95$ ---------------------------------- - Check in comments for Older Analysis. Happy Tr4Ding!
FLong
by thecryer
7