FTM forming bearish flag FTM is forming a bearish flag in 1H timeframe and upon breakout can give a good profit on short position; Entry: 0.25, TP: 0.20, SL: 0.26
FTMUSDT.P trade ideas
FTMUSDT wants the Demand Zone?FTMUSDT has bounced on a dynamic support level, which means that the price has been supported by an upward-sloping trend line drawn through recent lows. This is a positive sign for FTMUSDT, as it indicates that there is buying pressure in the market and that traders are interested in purchasing the cryptocurrency at these levels.
However, there is also the possibility that the price of FTMUSDT could retest the 0.382 Fibonacci retracement level. If this were to happen, it would create a new bearish impulse, which means that the price would likely fall further until it reaches the 0.42 $ level. If the price does reach this level, it would satisfy Plancton's Rules, which are a set of technical analysis principles that traders can use to identify potential short positions in the market.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
FTM 1WWithout the need for explanation and fully specified in the chart, the important weekly support of the FTM floor is currently 17 cents.
FTM USDT Short TargetsFantom is in asymmetric triangle, If trigger line (Yellow Line) breaks, we can anticipate 2 targets, first target should be $0.2639 and the second target is $0.2592. The first target is the safest target. The R/R is 4, which is great. Use the Stop Loss as indicated $0.2979.
Lastly If the Yellow line did not break, DO NOT open a short position. Always use the STOP LOSS.
FTMUSDT 🤯 Hold or Break Key Level AnalysisPoint of interest right now as we are sitting at a demand zone which price is expected to react however we are coming from a downtrend structure after the bulls got exhausted this could be another correction and/or the uptrend resumes.
1. We get a false breakdown, I believe it will touch 0.30 and buy orders would get triggered.
If that happens then we would at 4h a bullish pattern we can trade and target next supply zone.
Target Upper Downward Channel area: 0.37 - 0.40
2. This level gets pierced through and in that case, we expect price to decline to the next demand zone.
Target Next Demand Zone: 0.24 - 0.20
I'll update as I see this playing out.
All the best,
Kina🤯
FTM/USDT 1DInterval Resistance and SupportHello everyone, I invite you to review the FTM chart also on a one-day interval. At the beginning, with the help of yellow lines, we will mark the downtrend channel in which the price is moving at its lower limit.
As we can see the price has fallen below the EMA Cross 200 line, the place where the price falls below this line is a confirmation of going into a strong downtrend, as in this situation.
Now let's move on to marking the support points for the price in a situation where the correction will continue to deepen and we see that the price is in front of a very strong support at $0.26, however, if the support is broken, we can see a drop to the next support at 0, $17.
Looking the other way, we can similarly determine the places of resistance that the price has to face. And here we see that the first significant resistance is at $0.37, then we have second resistance at $0.42, then there is a strong resistance zone from $0.46 to $0.50.
The CHOP index indicates that the energy is slowly gathering strength, the MACD remains in a downward trend but is close to a trend change, while the RSI has been moving at the lower end of the range for some time, which may indicate the approaching end of the current correction in the coming days.
Fantom headed upI honestly think the ALTS have just been overly wrecked in the short-term. A mean reversion play is at least something I'm interested in.
#FTM Daily fantomAs you can see in the chart, I think the past trend has been repeated and soon after touching the support of 26-25 , we will go up.
short position in FTMUSDT,4HIn FANTOM,we expect another drop to the trading range of the daily range.
We can open the short position with two entry price.
Ftm Getting ready for another bullish impulse Seems Like getting Ready for another bullish impulse Forming falling Wedge In h4 tf incase Of breakout Expecting 40 to 45% bullish Wave
FTMUSDT LONG IDEAFnatom has formed a trading range in the monthly timeframe, and after touching the support area of the trading range, it has shown a strong engulfing. The loss limit of this investment is very high, so don't forget investment management.This is a Long Term Investment.
FTM can surprise us againAs shown in the picture FTMUSDT can break the shortterm trendline in order to reach the longterm one.
FTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Ta#FTM/USDT Technical Analysis: A Bullish Outlook with Long-Term Targets
Chart Analysis : UPCOM:FTM forms Cup & Handle pattern on HTF, hinting at breakout and massive gains!
Long-Term Targets: #Fantom could skyrocket to $10 in next bull run, a potential 30x-40x surge!
Support/Resistance:
Support at $0.25 & $0.170
Resistance at $0.46, $0.60, $1.18, $3.31
Breakout above resistance fuels further bullish momentum
Accumulation Opportunity: Every dip is a chance to accumulate
Strong support at $1.75 makes it a sweet entry point!
Takeaw ays:
Cup & Handle pattern = bullish trend
Research before investing
Let's ride the #Fantom wave!
Follow us For More Quality Chart Anlaysis.
Thank you.
