$FTM #fantom higher low on the weeklyTo me this chart shows that we are still on course to ATH's albeit slowed down like everything else pretty much. The weekly higher low has tested the arc and for now is bouncing and respecting the arc edge. No cause for panic. Not financial advice.
FTMUSD trade ideas
Broadening Descending WedgePotential Broadening Descending Wedge in play on Fantom USD.
4 Hour bullish divergence now showing on the 5th wave at a critical level of support.
FTM Fantom: Is A Major Correction Coming?Hello friends, today I am completing a technical analysis on the 4H linear scale chart for Fantom ( FTMUSD ), an altcoin cryptocurrency. Please review the chart and analysis below carefully as there are many trendlines and indicators noted.
#CryptoPickk notes the following:
1) Fantom price has had a major run in 2021 with the price reaching an all time high in October 2021. The price has corrected since that point.
2) The price recently completed a Head and Shoulders Pattern with a potential break down possible from this point.
3) The measured move of the Head and Shoulders Pattern brings the price down to $1.25-$1.30 which is a 37%-38% correction from current price levels.
4) If the price makes it down to the $1.25-$1.30 level, it would re-test a multi-month trendline (in yellow color).
5) That price target around $1.25-$1.30 has had multiple months of support as shown in the purple color rectangle box.
6) The Volume has been weakening month over month.
7) The RSI (relative strength index) has the ability to drop further as shown on the chart.
8) If the price rebounds up from the Head and Shoulders Pattern, the idea would be invalidated.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
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
BREAKOUT COMING FTMHello traders, another breakout coming on FTM , be guided and also nest buy order is set.
Tradehubng.
FTM is getting closer to the breakout pointI'm bullish on Fantom. Looking at the big picture, it's in a bearish trend for now, but is getting closer and closer to the breakout point, which should take no more than 7-9 days. The breakout should be the start of an overall bullish trend on FTM. The nearest target after the breakout is 2.7 and further onto ATH.
FTMUSD is a winnerI’ve been playing on Fantom for a week or so now, exploring DeFi and some other aspects of it. I’m 100% bullish. Accumulation beginning. Meanwhile, stake it in liquidity pools and get wild APY%.
FTM wedge break out towards UP/DOWNFTM wedge break out towards UP/DOWN would be absolutely mind blowing. prepare yourselves for good gains. also please keep in mind that we need confirmation of breakout in each scenarios so don't fall for fake out traps.
Fantom: 5 waves most likely completedFantom seems to have finished 5 primary waves. The trend of each wave is shown in purple. Every time this trend was broken, a bear market ensued.
FTM EOY $5-$7- Breakout confirmed
- If it can flip bottom channel resistance ($3.20 level) to support (Red) then, EOY target is $7
- If it bottom channel resistance ($3.20) remains, then EOY Target is $5
- RSI top aligns with timing
FTM long! The profit-to-loss ratio of the Fantom is excellent!
It is also excellent in terms of fundamentals and experts of blockchain have praised it a lot.
But before buying please read this.
We might be just before the last upward wave of Cryptos till to the next BTC halving, equally, we might be just at the end of the upward wave!
*************************** ATTENTION *********************************
In my view, the price of bitcoin is in an unclear position!
It may go up, it may go down, the probability of both is almost equal.
Enter the market with very small volumes.
Do not forget that we have received our profits from the crypto market before!
Do not lose all those profits!
please read my latest view to BTC
ATTENTION again!
Follow the principles of capital management.
Pay attention to your strategy.
No analysis is 100% accurate, even if it sounds perfectly good.
You are responsible for your own trades, so do it carefully.
Cryptocurrencies are volatile and have been highly correlated with bitcoin in the past
FTM Bull Pattern FormingFTM | Long | Position looks not to bad tbh, right now is a risky place to Long, I would recommend just waiting until a clear trendline can be determined.
Fantom looking for price reactionAfter breaking the trend support last week, following days will be key.
Let's see if it's able to conquer the red line on the rsi and price chart.
Recovering the previous tendency would be very bullish.
Fantom ($FTM) New FIBFantom ($FTM) New FIB: $FTM may be breaking out to the upside soon as it trades above the 50MA amd the MACD and RSI gaining strength
Crypto FTM/USDT ($2.60 is a good R)View on Crypto Fantom (24 Nov 2021)
Fantom (FTM) has a decent pull back in recent week and now it is bouncing off from the $1.80 level.
Currently, $1.80 shall be a strong support for now.
Now we shall see as a $2.60 strong resistant and only when that ($2.60) regions is strongly broken, it shall continue the bull trends.
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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Fantom! How we doing over hearI tried to tell everyone! This is a beauty. Just needed a cool down on the jets. Avax money flowing into FTM! Follow me for more winning Charts!
FTM going into bullish mode now !💸we started seeing impulse to the upside once downtrend broke/shorts got trapped as predicted in the last analysis!
congrats to longs! all price targets will be hit soon in my opinion. paytience ⏰
price targets 2.8-3.2395-3.6791
like and follow for more! thanks 💘
FTM Breakout - $4 in December- FTM broke out
- Last time it broke out, it topped at top Fib level
- Rising RSI from low
- MACD looking to reverse over Signal
- Fib Levels are $4+ in December
ftm long swing ~let's try this again :^).
when everyone is fearful, we have to be greedy!
ftm pulled a beautiful impulse the other day, and has retraced back down perfectly after a 5-3-5 correction.
i think it has the potential to pull at least 50% from here, especially if btc is going to see a mean retracement.
during this mean retracement, we may see a little alt season.
higher risk, wider stop, but i have a good feeling about this.
btc still might raid 53k, so be prepared for it.
target = $2.9
FTMGood price to buy but could go deeper. I think Fantom is good to have and hold it if get the deep. 1.8 is perfect to buy if want go up from there.
FTM - Can we buy again?FTM had a bullrun in past few weeks. Now it's retracing into a trend line, key levels.
Closely monitor values and you can re-enter for long trade again.
