FTMUSDT trade ideas
FTMUSDT long Spot TradeFTMUSDT Elliott Wave Technical Analysis
Mode: impulse
Position: Wave (4)
Direction: Wave (4) is still in play
Details: Wave (4) is still in play which I expected to be end around 0.81-0.74 which will be my entry point.
Next Direction: Wave (5)
Target : the area between 1.41-1.48 with 80% profit
Wave Cancel invalid level: Daily closing below 5.6 with 30% loss, it is a little big stop loss, but FTM proved that it was not greatly affected by the declines of Bitcoin in the past months, which gives it high reliability, in my opinion
Disclaimer:
This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
My Long Setup FTM It seems that the shedding is overIt seems likely that the drop for FTM is over and we have the last descent to the mentioned point
I believe in this setup very much and I will enter into the trade with the mentioned target
If this trade is stopped, I will enter the trade in the blue lines
FTM will drop so bad before starting rallyThis is my trading program on Fantom, and I expect the price of altcoins to fall even up to 50% in the coming days, and after that, the attractive growth of crypto.
FTMUSDT.1DUpon analyzing the daily chart for FTM/USDT, several key technical elements provide a detailed view of the current market dynamics and potential future movements.
Technical Analysis Observations:
Support and Resistance Levels (S1, R1, R2):
Support Level 1 (S1): At approximately $0.2958, this level has been significant in providing a floor for the price action. Its strength as a support level will be tested if the price continues to decline.
Resistance Level 1 (R1): Positioned at $0.4435, this level represents the immediate resistance. Overcoming this level could indicate the beginning of a bullish correction.
Resistance Level 2 (R2): Located at $0.6066, this higher resistance level would be the next target in a sustained bullish movement.
Trend Indicators:
The downward trend indicated by the red trendline shows a bearish dominance in recent price action. The green arrow suggests a possible reversal if the price can break above this trendline.
The overall trend has been bearish, with consistent lower highs and lower lows.
RSI (Relative Strength Index):
The RSI is at 37.79, which is close to the oversold territory. This indicates that the selling pressure might be overextended, and a reversal or consolidation phase could be imminent.
MACD (Moving Average Convergence Divergence):
The MACD lines are below the signal line, and the histogram is negative, indicating continued bearish momentum. However, the flattening of the MACD lines suggests a potential slowdown in bearish momentum.
Conclusion:
The FTM/USDT pair is currently navigating near a critical support level at $0.2958. The proximity of the RSI to oversold levels indicates that a potential rebound could be on the horizon. However, the bearish sentiment confirmed by the MACD suggests caution.
Potential trading strategies could include waiting for a clear breakout above the downward trendline (R1) with confirmation from volume and other indicators like a bullish MACD crossover. A successful breakout above $0.4435 could target the next resistance at $0.6066. On the downside, a break below $0.2958 would suggest further declines, and traders should monitor for new support levels.
As always, implementing risk management strategies such as setting stop-loss orders just below support levels and taking profit near resistance levels can help mitigate potential risks and optimize gains. Monitoring market conditions and external factors that could influence price movements is also essential.
Alikze »» FTM | Corrective wave 2 scenario🔍 Technical analysis: Corrective wave 2 scenario
According to the previous analysis, the phantom currency had an upward structure in the form of wave 3.
💎 In the daily and weekly time frame, this complex combination correction can be a response to the previous upward movement, which can be the confirmation of the wave 2 correction for the next super cycle.
- In the daily time frame, it has been moving in an ascending channel, which is currently out of the channel.
- An AB=CD pattern has had an ascending cycle within the channel.
- Now the complex corrections combined inside a triangle are placed in a density.
- By maintaining the current zone, it can have another attempt to trigger the dynamic range of Fibo 1.272 and the supply zone.
- If it can break the supply area, it can move up to the Fibo area of 1.618.
💎 In addition, if it does not have the ability to stabilize the upper supply range, this pullback to the ascending channel can be an alternative scenario to continue the correction.
💎 Alternative scenario : if the green box breaks down and the price range of 0.58 is broken, the correction can continue and extend up to the range of 0.39.
🛑 Resistance zone: Fibo range 1.272 and 0.8301 - 0.8545
🟩 Support range: 0.6090 - 0.6349
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$FTMExpecting a bounce from here.
Looks like rejected from diagonal line in 4H TF.
Always use stop loss, DYOR before take a position and make a decision.
FTM LongFTM crossed the support level of $0.57 in the daily time and continued to fall. According to the chart, we can consider a bearish channel and at The end of the channel overlaps with the Fibonacci level of 78 and it is likely to reach the $0.40 range, which is considered a strong level. Keep falling
In case of reaction to the range of 0.40, according to the capital management, the purchase transaction can be opened for the medium-term goal
#LQR #TOBTC #FTMin this time frame FTM just lost a UP Trend
now first important supp is around 0.3139
FTMUSDT Potential DownsidesHey Traders, in today's trading session we are monitoring FTMUSDT for a selling opportunity around 0.67000 zone, FTMUSDT is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.67000 support and resistance area.
Trade safe, Joe.
FTMUSDT Quick Long Setup / Check out the details!Long position on FTMUSDT 2H
Mid-risk status: 2x-5x Leverage
TP:
Follow the patterns & Bollinger midline:
0.5710
0.5785
0.5850
0.5902
0.5985
0.6094
➡️ SL:
0.5540
0.5490
The Alternate scenario:
If the price stabilize below the trigger zone(Yellow area), the setup will be cancelled.
FTM(based on NEo wave)there is two small ways for wave 5 of wave C on this flat pattern. after wave 5 and breaking the 2,4 line you can buy it and you stop loss is the wave 5.
FTM(based on NEo wave)on this situation for now it is a counter triangle and the E wave looks like a flat pattern,I will share the smaller time frame.
FTM roadmapFrom where we put a red arrow on the chart, the price has entered the correction phase.
It seems to be at the beginning of wave C now. The larger pattern can be a flat, triangle or diametric.
We have a resistance swap on the chart that whenever the price reaches this swap, we expect downward rejection.
The green range is a very strong support range that we will look for buy/long positions whenever the price reaches it.
Closing a daily candle below the invalidation level will violate the analysis
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FTM / USDT Buyside idea. FTM / USDT is a performer alt coin and luckily its on perfect support area for long run buys, current price of 0.588 is solid support area and as per my analysis it can potentially hit 0.75-0.8 cents within next couple of weeks to a month. Which will be around 30% gain from current price!
Fantom is painting a huge inverse H&S on HTFFantom has performed exceptionally well in the previous bull market with more than a 200x growth, and now it is trading almost 81% down from ATH. The support I have in mind for FTM is at $0.36, with the target at $2.6 and the optimistic target at $27. DYOR
+500% Profit Target for FTM Long Trade#FTM/USDT #Analysis
Description
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+ Price has hit the support line and holding strong in the support line.
+ Price is expected to bounce back from this support line, if the support breaks then next support is expected to hold strong.
+ Im entering a long trade with low leverage
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VectorAlgo Trade Details
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Entry Price: 0.5628
Stop Loss: 0.2946
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Target 1: 0.6741
Target 2: 0.8513
Target 3: 1.1139
Target 4: 1.3869
Target 5: 1.8470
Target 6: 2.5392
Target 7: 3.3576
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Timeframe: 1W
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
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Enhance, Trade, Grow
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Best Regards,
VectorAlgo
Fantom — Nice Bounce & Bollinger Bands Signal — High Probability Fantom is one of the coins you should examine closely today. The token had a massive bounce after today's sell-off and performed strongly.
FTM equalized the losses at the time of writing and is up almost 3%.
Moreover, Fantom flashed a bullish Bollinger Bands signal on the 4H chart. In this case, backtests show extraordinary results, achieving 2% and 5% gains.
However, if FTM continues to perform it could even go much higher since the next resistance sits at $0.65 — resulting in gains of ~15%.
Nevertheless, using 5% as a first profit target might be a good idea.
$FTMUSDT shortentry level on the order block
watch out your leverage, this is a risky trade
your trade, your risk!