$FTM primed setup, breaching upAfter the main breakou few weeks ago, and the retest of the key support. UPCOM:FTM is now breaching up the local downtrend resistance along with the horizontal one.
Looking strong and showing a great risk/reward. On my scope!
FTMUSDT trade ideas
FTMFTM has surpassed the 0.40 level, indicating a potential opportunity to enter a short position after a retest.
FANTOM (FTMUSDT) Short trade setup in 4H Time frameFANTOM (FTMUSDT) Short trade setup in 4H Time frame
Short entry at $0.4513
Profit target of $0.4 reached
Target 2: $0.3169
Target 3: $0.2338
Target 4: $0.1825
Trailing stop loss: $0.4630
Good luck! and do follow to motivate me and support my work.
There are emerging signs of a bullish divergenceIn the 4-hour chart for FTM, there are emerging signs of a bullish divergence, indicating the potential for a shift in market sentiment. The price has reached a key support zone between $0.38 and $0.4, which is recognized as a strong level that could prevent further decline.
If the price finds stability in this support area, it could lead to an upward movement, targeting higher levels around $0.44 and $0.49. The formation of the bullish divergence adds to the likelihood of a positive reversal. This makes the current zone crucial for monitoring as it might offer a good opportunity for an upward move if the support holds.
Given the current technical setup, keeping an eye on FTM is advisable, as further bullish confirmations could lead to a significant move upwards. However, if the support fails, the downtrend may continue, making it essential to watch how the price reacts in this area.
FTMUSDT.1DAnalyzing the daily chart for FTM/USDT, I can outline the critical aspects of the market behavior and potential scenarios:
Trend Overview:
The chart shows a clear downtrend that started peaking in early 2024, followed by a series of lower highs and lower lows. This indicates a strong bearish momentum. The trendline from the highs provides a visual representation of this downtrend.
Current Price Action:
Recently, the price appears to have found some support around the 0.2563 USDT level, marked as S1 on the chart. There's a potential that the price is trying to stabilize here, as indicated by the short consolidation phase.
Support and Resistance Levels:
The key resistance (R1) is at 0.6066 USDT, and further resistance (R2) at 0.9390 USDT. Overcoming these levels would be necessary to confirm any significant bullish reversal. The support level at 0.2563 USDT will be crucial to watch; breaking below this could lead to further declines towards the previous lows or lower.
Indicators:
MACD: The MACD is near the zero line but remains below it, which suggests the bearish momentum might be waning but hasn't turned positive yet.
RSI: The RSI is currently neutral at around 56, which suggests that while the immediate oversold conditions have alleviated, there isn’t strong momentum either way at the moment.
Potential Scenario:
The chart hints at a possible recovery path with a "zig-zag" pattern marked in green, suggesting an expected retracement or recovery attempt. This would involve the price testing the 0.2563 USDT support level again before potentially rebounding to test R1.
Conclusion: Given the data, I'm cautiously optimistic about a short-term recovery, but maintaining vigilance is crucial, especially around the support and resistance levels mentioned. A decisive break above the downtrend line and R1 could confirm bullish sentiment, potentially setting up a more substantial recovery. Conversely, a break below the support at 0.2563 USDT could indicate a continuation of the bearish trend, possibly testing lower levels. As always, maintaining a tight risk management strategy and adjusting to new market data as it comes will be essential in navigating this volatile market.
#FTM#ftm
#ftmusdt
FTM is breaking out, in the 1h time frame,
I took entry , be careful
Put sl as your strategy
#nfa
#dyor
Key support for FTMAfter the breakout of the main downtrend resistance UPCOM:FTM failed to take the horizontal range and got rejected. Despite the correction the 43 cents level is being defended and if consolidated as new higher low it will enable a new reversal opportunity.
FTM Long Position (Oversold Conditions) Market Context: FTM is at a key support level and is oversold on medium timeframes, making it a favorable candidate for a long trade.
Trade Setup:
Entry: Long spot position at $0.43 support level.
Take Profit:
First target: $0.50
Second target: $0.60
Stop Loss: Just below $0.40
📊 This setup aims to capitalize on the oversold conditions and key support, with clear profit targets and a tight stop loss to manage risk effectively. #FTM #CryptoTrading #SupportLevel
Fantom | FTM & Andre Cronje FTM jumped 300% since Defi father aka Andre Cronje is back as vice president of memes at the fantom foundation! wait a what...
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 $0.53 today with a 24hour trading volume of 315 million dollar. This represents a 4% price increase in the last 24 hours and a 11% price increase in the past 30 days.
Blockchain platform Fantom plans to introduce version 2 of its fusd stablecoin to provide a more predictable and budget friendly system for builders, partners and users, developers said in a post over the weekend. They didn't give a timeline for the release.the new version will allow the stakeholders to allocate fees in either fantom or fUSD and to predict future costs based on usage, the developers said. It will allow programmers to build additional institutional products for users and provide a more consistent system for planning and budgeting for grants. .on Jan 24, the Fantom Foundation announced a partnership with Axelar, which will introduce interchain communication to the Fantom Network and ftm whales use every opportunities to accumulate as much as they can
since we published our first ftm chart and hit all targets - 100% gain - its time to look at the chart again and set new targets.
The daily EMA showed bullish signal at 0.35 and it shows the down trend is over. RSI shows bulls are in control. ftm successfully broke ascending triangle at 0.23 and broke 0.29 and 0.31 resistance as well. next targets for FTM are 0.57, 0.59 and 0.63$ and if you trade with btc pair ftm broke 000016 resistance and heading to 000018 and 000020
we have confirmation for Easy 20% bear movewe have our confirmation for the bearish move, we are in a weekly supply area and our 4h chart confirmed the bear move, we had a bull structure for a while and I think this is the last bear move we will have, the price may reach below 0.3 and that is its final target but I think minimum we will have a 20% retrace
Crucial Points To Prevent Further Price DeclinesBINANCE:FTMUSDT FTM is trading within the $0.46 to $0.48 support range. These levels serve as crucial points to prevent further price declines. If the price stabilizes within this range, there is a potential for an upward move.
Potential Scenarios:
Maintaining Support and Moving Upwards:
If the price holds within the $0.46 to $0.48 range, there is a possibility of rising towards the $0.54 and $0.55 targets. These resistance levels could act as short-term price objectives.
Breaking Support and Continuing the Downtrend:
If the price fails to maintain these support levels and drops below $0.46, selling pressure may increase, leading to a move towards lower levels. In this case, traders should closely monitor the market's behavior.
Fantom (FTMUSDT) Bullish - 1st Target Done!Fantom coin (FTMUSDT)
Got an entry at 4049
Stoploss - 3322
Trailing Stop Loss at 3997
Upper targets (Resistance) - 4947 - 6399 - 7852 - 8750
Good luck traders! God bless you!
FTMUSDTWe can attempt to short FTMUSDT from specified level if it break HL , also bearish divergence occur indicate that it moves downward.
SL , TP mention in chart.
FTM Daily ProjectionPrice breaks the downside trendline in the daily time frame and closes above. Before initiating long positions, wait until the price retests the trendline, creating a bullish price action structure.
Good Luck.
Does Phantom change the trend?#ftmusdt
Does Phantom change the trend?
Phantom managed to break its long-term descending channel and to continue the upward path, it must stabilize above 0.4730.
Otherwise, correction to 0.41 is ahead.
A short term LONG trade setup on FTMUSDT pairbased on Ribbon Patterns and very carefully applied Trend Analysis
everything is on the chart,
Trade No. 1
Journal 2024
RR is 3.4
FTM ANALYSIS (4H)From where we entered start on the chart, it seems that FTM is forming a diametric pattern.
Soon it seems that FTM will enter the G wave.
In the supply range, look for sell/short positions and in the green range, you can look for buy/long positions.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ftm short idea"Expecting a new low for FTM in my latest short idea. Analyzing two possible scenarios
