Strategy with most success rateThis strategy includes Bollinger bands, awesome oscillator and support and resistance lines.
FTMUSD trade ideas
$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.
FTMUSD - bullish falling wedgeFTM formed a falling wedge.
If bitcoin will stay strong, ftm will break out.
Support at red zone.
FTM long FTM printing a nasty falling wedge. Expecting a breakout to the upside. Easy long set up with minimal risk
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 = $2.79
FTM BULLISH FLAG BREAKOUTFTM BULLISH FLAG BREAKOUT
FTM HAS BROKEN OUT ITS FLAG AND HEADED TO 2.69 BASED ON fIBONACCI LEVELS
IM BUYING!
This is not financial advice
Possible Upper Triangle FormingHi Traders,
FTM had been in a downtrend. If that breakout will be successful, it might form a upper triangle in case a re-test. I've seen many breakout pattern with that kind of structure: First it is in a downtrend. Then, it form a smaller uptrend in that downtrend. Then, the uptrend gain some momentum in order to break that downtrend. We are observing that situation.
Of course, this is not the main reason that I believe FTM is bullish.
You see the massive green volume in the SS. This is the most important signal of the beginning of a uptrend.
So what is my plan?
First, I will buy after the candle close in 4 hour period in the spot. If there is no re-test, I will keep it to the end of the orange arrow.
If it does a re-test, I am gonna take a LONG position again with the leverage of 3 at most ( this is totally dependent of the trader. I can handle this risk. Before taking a position, manage your risk. )
I will stop loss if there is a candle close in or below the pink area. Based on the situation, I will probably sell 50% of the position. If it close below the key level, I will close totally.
FTM looks like a great Long at Support!FTM forming a Triangle and heading towards Golden Pocket region, looks like a potentially great Long in the near term.
FTX:FTMPERP
Fantom ($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
FTM PerpetualDouble bottom on 15m. Looks like a good long if market stays stable. BTC is at resistance and can do anything right now. Let's see
Grey is the entry!
SL is red.
TP is green.
FTM SOL Correlation?I have recently noticed that FTM price is almost exactly following SOL intraday. If you watch an intraday chart it is almost to the tick they are tracking with each other. When I zoom out I see they have been following each other closely since mid June. Unsure why besides they are both L1s, but I have not noticed this with other L1s and SOL. Today when SOL was experiencing technical problems and went down, FTM was still up and working fine, yet FTM price followed SOL to the downside. When SOL bounced later this evening, FTM bounced as well. How much longer this correlation continues I don't know, but it will be interesting see what happens if/when they do decouple. Thoughts?
I am long FTM so am certainly biased, but with transaction and TVL growth in FTM going up so dramatically lately and a niche being carved out as a great L1 for gaming, I see FTM as undervalued and more upside to come as opposed to SOL if they decouple. For now it seems FTM price is getting carried along in the slipstream.
Edit: SOL in orange, FTM in blue, if you couldn't tell.
A range with huge volumeHi traders,
You may observe that the volume has increased dramatically in last days. And also you can say that the traded volume is concentrated higher price levels by using volume profile. I interpret this situation as an important indicator of a strong bullish trend.
By this information, the price level seems good to take a position. I've drawn stop loss level. I will HODL until there is a good implication about the end of the uptrend.
The TA is short but the thing is that the huge volume does not need any interpretation.
Stay safe.
Fantom on 30min chartFantom is looking bullish on the 30min chart. Look for a nice push to the upside for a quick daytrade
FTMUSD still going upPullbacks to prior high provided a low risk entry spot.
Now i am simply trailing the stop below prior days low.
