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FTMUSDT Perpetual Contract

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FTMUSDT.P trade ideas

SasanSeifi| Can It Break Above $0.70?Hey there, ✌ Currently, in the daily timeframe chart, we can see that after a correction, Phantom has reacted to the previous resistance level at $0.55. The price is currently trading at $0.65. Given the current market conditions and the potential for Bitcoin growth, there is a possibility of positive fluctuations and price increases in the short to midterm. One possible scenario for BINANCE:FTMUSDT in the daily timeframe is that if the daily candle closes with a strong body and the price breaks above the $0.70 level, the potential for further growth to $0.88 and even reaching the $1 supply zone increases. These levels can be considered as important price targets. To validate this scenario, maintaining the $0.55 support level is crucial. On the other hand, if the $0.55 level is broken, the likelihood of further correction increases. 💢This analysis is my personal viewpoint and not financial advice. If you found this helpful, please like and comment – I’d love to hear your thoughts! Happy trading! ✌😊
Long
by SasanSeifi
FTMUSDT.1DAnalyzing the FTM/USDT daily chart, I observe several critical features that could provide insights into future price movements and potential trading opportunities. Key Observations: Resistance Levels: The chart highlights 'R1' at $0.8747 as a significant resistance level. This level represents a potential barrier where price might encounter strong selling pressure. Support Levels: The primary support is marked at 'S1' around $0.5214, with 'S2' acting as a secondary support line that the price has tested multiple times, providing a strong foundation for bullish retracements. Trend Line Analysis: There is an ascending support trendline visible that has been guiding price actions from recent lows, indicating an ongoing bullish bias in the market setup. Technical Indicators: Stochastic RSI: The Stochastic RSI is approaching the oversold territory, suggesting that the asset may soon see a reversal or at least some stabilization, potentially providing a buying opportunity. MACD: The MACD is currently below the signal line but appears to be converging towards it, indicating weakening bearish momentum and the possibility of a bullish crossover in the near future. Strategic Approach: Given the current position near the ascending support line and the technical indicators suggesting a potential reversal, my strategy would involve monitoring for a bullish reversal pattern or a stabilization at 'S1'. A confirmed bounce off this support could be a good entry point, aiming for gains up to 'R1'. If the price successfully breaks above 'R1', it could indicate a stronger bullish momentum, possibly leading to higher price targets. However, should the price break below the ascending trendline and 'S1', it would necessitate a reassessment of the bullish scenario and potentially shift the focus to 'S2' as the next target. Conclusion: The FTM/USDT pair presents a scenario where bullish possibilities align with technical setups, provided the price holds above the critical ascending trendline and 'S1'. Traders should closely monitor these levels and adjust their strategies based on confirmed price actions and indicator signals. As always, implementing effective risk management to protect against unexpected market moves will be crucial in navigating potential volatility.
Long
by MarsSignals
FTM IN 4H TIME FRAME Hi dear traders The price is moving below the 0.7492 support, which was lost with selling pressure. If the downward trend continues, the price will probably move towards the support of 0.6649. The next support area is 0.6355. On the other hand, if the price can stay near the support level of 0.7492 and return from this level, we will probably see the price move towards the resistance level of 0.7730. Overall, the trend of the chart indicates a downward correction. Let's see what happens This is not financial advice ( DYOR ) Good luck 👍
by Th57Trader
3
Trade Signal for FTMUSDTDirection: Buy Enter Price: 0.6645 Take Profit: 0.6913 Stop Loss: 0.6261 We have identified a potential upward movement for the currency pair FTMUSDT with a buy recommendation at an entry price of 0.6645. This forecast is based on an analysis conducted using the EASY Quantum Ai strategy, which examines multiple market indicators and trend analyses. Several key factors support this buy prediction: 1. Momentum Shift: Recent technical analysis indicates a positive momentum shift in the FTMUSDT pair, suggesting a potential reversal from previous downtrends. 2. Support Levels: The entry price of 0.6645 aligns with significant support levels observed in the market, implying a potential strong base for upward movement. 3. Market Sentiment: Analyzing current market sentiment, there appears to be increasing bullish interest, contributing to further expectations of price appreciation. With the designated take profit set at 0.6913, traders are advised to secure gains at this level. A stop loss at 0.6261 is recommended to minimize risk should the market turn unfavorable. The EASY Quantum Ai strategy bolsters confidence in this trade recommendation, aiming to capitalize on favorable market conditions while managing associated risks effectively.
Long
by ForexRobotEasy
Fantom / FTM analysisFtm pumped almost 300% since Andre Cronje back as vice president of memes at the fantom foundation! FTM has been one of the best performing tokens of 2023, pulling off a series of impressive gains in the last few weeks the price of Fantom is $0.54 today with a 24hour trading volume of 650 million dollar. This represents a 15% price increase in the last 24 hours and a 170% price increase in the past 30 days. Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget-friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. while ftm has been on an upward trend since the first week of the year, its price rally in the last week can be attributed to Fantom’s recent integration with the Axelar Network.on Jan. 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network. since we published our first ftm chart and hit all targets (100% gain) its time to look at the chart again and set new targets. ftm successfully broke ascending triangle and broke 0.29 and 0.31 resistance as well. next targets for ftm is 0.65, 0.75 and 0.8$ what do you think about ftm price ? bullish , bearish or apish!?
Long
by moonypto
8
"Fantom Hit $1 Six Months Ago" (Read More)This is one of the cryptos to keep an eye out for as I was looking for a crypto to recommend I came across this one crypto BINANCE:FTMUSDT - Now according to an article written by Be(in)Crypto, Fantom Rallies 68% in 30 Days, But the path to $1 Remains Unclear, October 8, 2024 - These are the 3 points I gathered from this article: Fantom hit $1 6 months ago On September phantom price hit $0.71 In a bearish scenario, fantom could crash to $0.5 - To read more check it out on the breaking news tab on trading view. - Right now bitcoin INDEX:BTCUSD is on fire as we approach the US presidential elections. - To learn more Rocket Boost this content - Disclaimer:Trading is risky please learn risk management and profit taking strategies.
Long
by lubosi
Fantom (FTM) and Andre CronjeFTM's social and market activity is on the rise after Andre Cronje released an article highlighting the cash flow of FantomFDN in 2022 Fantom price today is $0.241135 with a 24 hour trading volume of 230 million dollar. FTM price is up 12% in the last 24 hours Andre Cronje, a long serving figure in the DeFi space, says the Fantom blockchain project he advises is cash-flow positive, earning more than $10 million in annual revenue Cronje shared a blog post on Monday that claims the Fantom team maintains more than $300 million in assets without specifying how much is considered liquid. “We are still scaling up,” Cronje said Fantom’s reported treasury, as yet unproven on-chain, is made up of around 450 million FTM ($85.7 million). There’s also $100 million in stablecoins and $100 million in undisclosed cryptocurrencies, as well as $50 million in non crypto assets, per Cronje’s post.Fantom is a layer1 blockchain compatible with Ethereum Virtual Machine. The network competes with the likes of Solana, Avalanche and Polygon for Ethereum’s market dominance. but lets talk about the technical analysis the blue line shows the important resistance (0.29$) for Ftm and if bulls breaking it, the next targets will be 0.31 - 0.4 and if you managed to long at 0.17 its time to take some profit as well
Long
by moonypto
16
Is FTMUSDT About to Skyrocket? Key Levels to Watch Now!Yello Paradisers! Could #FTMUSDT be gearing up for a massive rally? Let's dive into the latest price action and what might be on the horizon for this altcoin. 💎#FTMUSDT has been respecting a strong ascending support line, with multiple touches confirming its validity. Recently, we saw a market structure break to the upside, resulting in a new higher high. Now, a much needed retracement has played out, and we’re starting to see signs of bullish momentum building again. 💎On the lower time frames, FTMUSDT has formed a double bottom pattern, hinting at a potential bullish reversal. If we get a clean Change of Character (ChoCH) confirmation, FTMUSDT could be poised for a significant move upwards. 💎FTMUSDT has successfully flipped a crucial support/resistance level, and the price is currently hovering just above it, showing strength. The next major resistance zones to target are around $0.7658, with a stronger resistance at $0.8377. There’s still an untouched demand zone below, along with a Fibonacci retracement level that could attract a final dip before any further bullish push. 💎If FTMUSDT closes a 4hour candle below $0.6720, the bullish thesis would be compromised, suggesting potential downside risk. Stay sharp and play it safe, Paradisers. This could be a powerful move—but only if the market continues to respect these levels. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack