FTMUSD trade ideas
Fantom on bullish flag FTM,, on bullish flag. Price already bounce at Fibo level 0.618. And it did break already on flag formation. Let's see if we can reach pur target.
FTM MORE UPSIDE COMING!looks good here. Followed the parabola the entire run and we might see one more touch before the next impulse
FTM! Wealth Creating Set Up. This great set up is looking great.
This was spotted at 0.16$.
The Hardest part was to reach 1$.
Once the 1$ broken the way 10$ is Easier.
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$FTP Primed for UpsideTriangle within a triangle. Triangle formation on RSI. Volatility is low and looking to expand. Setup for a nice upside or downside move.
Fantom FTMMake of this what you will. FTM has a large flag pole and has formed a bullish flag formation which is supported by the arc and steep trendline. There are various profit targets. The first is $2.00 if the arc plays out, then there's the measured move from the flag pole (for some reason I don't know how to project this in TV and if the trendline holds there could be a potential new arc but I'm thinking ahead too much. Usually when I'm bullish the opposite happens so we'll see.
FTMUSDTif the falling wedge hodls at the .382 i dont see any reason this shouldnt revisit the .618 in october
fantombeen eyeing this setup for a few days now, but wasn't sure what it was going to take to get fantom down to my target.
finally managed to hit it today.
i think it has one more leg down to go, just like the rest of crypto.
a lower low would suffice, possible it wicks to the lower algo target just beneath the 0.382.
target = $2.79
Possible Upper Triangle FormingHi Traders,
FTM had been in a downtrend. If that breakout will be successful, it might form a upper triangle in case a re-test. I've seen many breakout pattern with that kind of structure: First it is in a downtrend. Then, it form a smaller uptrend in that downtrend. Then, the uptrend gain some momentum in order to break that downtrend. We are observing that situation.
Of course, this is not the main reason that I believe FTM is bullish.
You see the massive green volume in the SS. This is the most important signal of the beginning of a uptrend.
So what is my plan?
First, I will buy after the candle close in 4 hour period in the spot. If there is no re-test, I will keep it to the end of the orange arrow.
If it does a re-test, I am gonna take a LONG position again with the leverage of 3 at most ( this is totally dependent of the trader. I can handle this risk. Before taking a position, manage your risk. )
I will stop loss if there is a candle close in or below the pink area. Based on the situation, I will probably sell 50% of the position. If it close below the key level, I will close totally.
Fantom ($FTM) BEAR FIBFantom ($FTM) is at a cross road and IF the BEARS are still here, then this scenario could play out
Fantom ($FTM) New BULL FIBFantom ($FTM) is at a cross road and IF the BULLS are still here, then this scenario could play out