Fantom: Bullish OutlookEarlier this week, Fantom attempted to break above the resistance at $1.39 but has so far struggled to sustain the upward momentum. We assume that the sharp pullback to $1 early last week has marked the completion of the green corrective wave . Accordingly, Fantom should now be in the impulsive ascent of the green wave , which should soon surpass the $1.39 resistance.
Fantomanalysis
FTM has a very good investment opportunity Hi Everyone;
today we have a good risk to reward Investment opportunity
it is more than 700 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
Fantom FTM Is The Strongest Coins In Bull Run 2024Hello, Skyrexians!
Let's continue to observe fundamental crypto assets. Today we have BINANCE:FTMUSDT on the plate. This crypto showed one of the best performance in March 2024 and did not break the previous low. In conjunction with the very dynamic first bull run we can assume that this asset can outperform the market in the upcoming month.
On the weekly time frame we marked the previous bull run as the global wave 1. After that asset's price showed corrective wave 2 in the shape of ABC zigzag. This wave has not been even able to break 0.38 Fibonacci retracement, which means that this crypto is very strong.
It's likely, that currently price is printing global wave 3. Subwaves 1 and 2 has been already finished and the most impulsive wave 3 inside 3 has been started with the green dot on the Bullish/Bearish Reversal Bar Indicator . As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . This is very strong reversal signal and this wave has the target area between 1.61 and 2.61 Fibonacci extension levels at $6 and $10.
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Skyrexio Team
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FANTOM (FTMUSDT) Surges with Lucrative Long Trade Setup!FANTOM (FTMUSDT) Analysis:
On the 1-hour timeframe, FANTOM (FTMUSDT) has confirmed a clear long entry at 0.6428, indicating strong bullish momentum. The targets appear promising as price action continues to align with the upward trend, potentially unlocking significant profits.
Trade Summary:
Entry Level: 0.6428
FANTOM Target Levels:
TP1: 0.7131
TP2: 0.8268
TP3: 0.9406
TP4: 1.0108
Stop Loss: 0.5860
Leveraging the Risological Dotted Trendline, this setup highlights FTM’s strong upward potential. Keep an eye on this for a steady climb toward the targets!
FTM → Fantom Fall to $0.35!? Then to $1.00? Let's Answer.Since my April 11th update, FTM has fallen into a pullback, as expected. We found resistance at $1.25, created a micro double-top, and then pulled back in two strong legs—truly three in total. Should we be bearish or bullish on Fantom?
How do we trade this? 🤔
FTM predictably printed a double-top after three strong pushes up into the immediate resistance zone of $0.97 to $1.25. That reversal pattern played out into a three-legged pullback, leaving us near Push #1 support at around $0.40. I think we can expect to continue testing this support area for a while. However, I do not believe we will break and hold below $0.40.
I would not enter a long position just yet unless you're fading. What we need now is two or three tests of the Push #1 support area between $0.35 and $0.40, forming a double-bottom or reverse head and shoulders pattern. A good strong bull signal candle followed by a confirmation candle is the signal we need to enter a long position, taking half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward.
We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in FTM.
A final point of data is the RSI low and below the moving average of around 39.00, which could remain in this area for some time. This indicates we should be looking for long entries, but should wait for the price action to guide us.
💡 Trade Idea 💡
Long Entry: $0.45
🟥 Stop Loss: $0.285
✅ Take Profit #1: $0.64
✅ Take Profit #2: $0.82
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three legs up into a resistance zone after a breakout
2. Micro Double-top reversal pattern
3. Three-legged pullback to Push #1 Support
4. Wait for a double-bottom followed by a strong signal and confirmation candles
5. RSI at 39.00 and below the moving average. Supports waiting for a long entry.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
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Fantom FTM price will show good growth?#FTM is a coin with a history, which is probably why it is still relatively well "held" compared to other altcoins.
Now, the A-B-C correction is probably coming to an end and the price has entered the liquidity zone.
Therefore, if you are holding it, continue to do so, because there is a chance of growth, at least to $1.79.
1️⃣ If you believe in the #Fantom project and see prospects in it and want to buy it, you can safely place pending limit orders in the range of $0.36-0.42 and forget about them for a while.
2️⃣ Or you can closely monitor the behavior of the #FTMUSDT price in the current price range.
It depends on how much time, nerves, and enthusiasm you have)
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FTM → Fantom Drop to $0.50!? Or Rush to $3.50? Let's Answer.FTM has shown immense strength during the crypto markets' bullish sentiment over the last 14 months. With a 611% increase from Fantoms' bear market low of $0.15 to the recent high of $1.21, does FTM have any more upside for us?
How do we trade this? 🤔
We're at a crucial point for the FTM price near a major resistance area peaking at $1.25. Two strong legs up from the support zone in a rough Measured Move with an RSI of 80.00 and above the Moving Average. The crypto market has given us more than the price action called for with Bitcoin hitting new all-time highs without touching lifetime support and before the halving. A long at this stage is not reasonable, at least not on the Daily or Weekly timeframes.
It's reasonable to wait for the price to fall toward the Weekly 30EMA and 200EMA between the $0.42 and $0.52 price range, this range will increase slightly as the pullback happens toward the $0.46 and $0.56 area. Therefore, it's ideal to target the $0.527 area for optimal Risk/Reward, setting a stop loss below the EMA ribbons at $0.285, the first take profit at 1:1 Risk/Reward ($0.77) selling half of the position and moving the stop loss up to the entry price, before the $0.97 resistance area. The second take profit should be set anywhere above the $1.25 resistance until a sell signal and confirmation are witnessed, but ideally, before the $2.00 psychological and minor resistance before the peak of the 2021 high.
💡 Trade Idea 💡
Long Entry: $0.527
🟥 Stop Loss: $0.285
✅ Take Profit #1: $0.77
✅ Take Profit #2: $1.98
⚖️ Risk/Reward Ratio: 1:6
🔑 Key Takeaways 🔑
1. Two legs up in a strong 611% bull run finding resistance at $1.21
2. Measured move played out
3. Bitcoin at all-time high resistance areas could impact crypto market sentiment
4. Gap between the current price and EMA ribbons
5. RSI at 80.00 and above the moving average. Supports a pullback.
💰 Trading Tip 💰
It's reasonable to take half profits at the first resistance target in a long trade or the first support target in a short trade. Using a 1:1 Risk/Reward Ratio for your first target, you can move your stop loss up to your entry price, locking in profits. This allows you to watch the rest of the trade execute without worrying about losing money, which helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
FTMUSDT.4HAlright, let's get into the technical analysis of this Fantom (FTM) chart against Tether (USDT) on the Binance exchange from a first-person perspective as a trader.
Upon inspecting the chart, the first thing that stands out is that Fantom's price has been trending downwards recently as it's trading below the Ichimoku Cloud. This suggests a bearish market sentiment in the short to medium term for FTM. The price below the cloud often signifies that the asset is in a downtrend and that the cloud is likely to act as resistance on attempts to move higher.
The Conversion Line (blue) is below the Base Line (red), which traditionally means the bearish momentum is currently stronger. The Lagging Span is also below the price line and within the cloud, which reinforces the bearish outlook.
The pivot points on the chart show resistance at R1 and R2, with support levels at S1 and S2. Given the price is below R1, it is currently acting as a resistance level. If the price begins to rise, R1 is the first hurdle it would need to overcome before we can consider a change in the immediate trend. Conversely, if the price continues to fall, S1 and S2 are levels where we might anticipate potential support or a reversal.
The Relative Strength Index (RSI) is around 28.65, which is quite close to the oversold boundary of 30. This could indicate the possibility of a trend reversal or a pullback, as prices often revert back after hitting such extremes.
As for the Moving Average Convergence Divergence (MACD), the MACD line is slightly below the signal line, which typically suggests bearish momentum. However, both lines are very close to each other, so I'd watch out for any crossover which could signal a change in momentum.
In conclusion, FTM's current price action is bearish, but with the RSI being close to the oversold territory and the MACD lines close to a potential crossover, there may be a reversal on the horizon. As a trader, I would closely watch these indicators for signs of a momentum shift, especially any bullish divergence on the RSI or a MACD crossover above the signal line. Trading near support levels could provide a favorable risk-reward ratio, but it's important to wait for confirmation signals before making any trades, as countertrend trading can be particularly risky.
FTMUSDT.1DBased on the given market data, the FTM/USDT pair is currently trading at a price of 0.79 USDT. The Relative Strength Index (RSI) on the 4-hour, daily, and weekly charts suggest that the pair is somewhat overbought, with the RSI values being 63.11, 82.59, and 78.46 respectively. An RSI above 70 usually indicates overbought conditions, suggesting a potential price correction in the future.
The Moving Average Convergence Divergence (MACD) on the 4-hour, daily and weekly charts are positive, indicating bullish momentum in the short, medium, and long term. However, as the RSI is high, the bullish momentum may slow down or reverse due to potential overbuying.
The Bollinger Bands (Bb) on the 4-hour and daily charts are 0.85, suggesting that the pair is trading near the upper band, another sign of overbuying. However, on the weekly chart, the Bb is 1.010, which is above the current price, indicating that there may be room for upward movement.
The support levels on the 4-hour, daily, and weekly charts are 0.63, 0.68, and 0.59 respectively, which could provide a safety net if the price starts to fall. The resistance levels on the 4-hour, daily, and weekly charts are 0.95, 1.113, and 1.11 respectively, indicating potential targets for the price to reach if the bullish momentum continues.
In conclusion, while there are bullish signs for FTM/USDT in the short, medium, and long term, the overbought conditions suggest caution. It may be wise to wait for a potential price correction before considering a long position. However, if the price breaks the resistance levels, it could potentially continue its upward trend. Please note that this analysis is based on the current market data and does not take into account potential future events or changes in market conditions. Always do your own research and consider your risk tolerance before making investment decisions.
FTM → Is Fantom Gearing Up For a Short Scalp Opportunity? Yes.FTM broke out of its bull trend, failed to break above the Daily 30EMA and fell back down to $0.375. With Bitcoin and the rest of the crypto market following suit, are we ready to short?
How do we trade this? 🤔
Since my last FTM analysis, I provided this updated chart depicting what I believed was a likely outcome of the price action. A pullback from the downward momentum to the Daily 30EMA followed by a failure to break it:
FTM has begun to test the 30EMA and we have several data points that suggest a counter-trend trade is reasonable (probable); FTM has given us two legs down since breaking the bull trend, failed to break above the Daily 30EMA, RSI at 44.00 and below the moving average which gives FTM some room to fall.
If you're not already in a short, then we need to wait for another confirmation before a trade is justified. What we need is a final test and failure to break the Daily 30EMA around the price area of $0.40. From there, we can short half of our position to the low of the current candle ($0.375), take profits, move our stop loss up to our entry price, and then swing the rest of the position down to the Daily 200EMA support at $0.325.
Taking profits at the 200EMA is about a 1:1 Risk/Reward if our stop is placed just above the previous leg high at $0.445. That is a reasonable scalp, and the rest, being a bit lower probability of success, allows us to swing the second half of our position without the worry of losing money. We have to keep in mind that we're two legs into a micro bear trend after a three-legged bull run, this could be a two-leg trap. That's why we need confirmation below the Daily 30EMA to justify a short.
💡 Trade Idea 💡
Short Entry: $0.4175
🟥 Stop Loss: $0.4600
✅ Take Profit #1: $0.3750
✅ Take Profit #2: $0.3325
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two legs down since breaking the bull trend
2. Failed to break above the Daily 30EMA
3. 9th Daily Candle Just Closed Below 30EMA
4. RSI at 44.00 and below the moving average which gives FTM some room to fall.
5. Bitcoin Showing Strong Reversal Signals, Impacts Market Sentiment.
💰 Trading Tip 💰
It's reasonable to take half profits at the first support target in a short trade, or the first resistance target in a long trade. You can then move your stop loss up to your entry price and watch the rest of the trade execute without worry of losing money. This helps improve trading psychology and the equity in your account.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and Follow to learn more about:
1. Reading Price Action
2. Chart Analysis
3. Trade Management
4. Trading Psychology
FTM → Fantom Above to Rush Downward Toward $0.29!? Let's Answer.Fantom has pulled back from its $0.46 high and closing the gap to the 30EMA. Are we about to fall through the EMA ribbons back down in the $0.20-$0.30 range?
How do we trade this? 🤔
Fantom is still in the bull channel, but has a few datapoints working against it. First, there have been three pushes up in the bull channel, a typical number of legs in a trend before the risk of trend change can become greater than the continuation. We also have an RSI at 57.00 and below the Moving Average, a weak indicator on its own, but supports the idea of a pullback or trend change.
The final piece to the puzzle is a retest of the $0.40 area after a fall to the Daily 30EMA. A strong bear candle closing on or near its low should give us enough probability to take a 1:1.5 short playing the reversal.
Until then, we should wait on the sidelines for more price action to confirm!
💡 Trade Ideas 💡
Short Entry: $0.400
🟥 Stop Loss: $0.470
✅ Take Profit: $0.295
⚖️ Risk/Reward Ratio: 1:1.5
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Potential to Change Trend.
3. Gap from 30EMA and 200EMA Support.
4. RSI at 57.00 and below Moving Average, Bias to Short.
5. Watch for Bitcoin Trend Change at $46,000.
💰 Trading Tip 💰
The RSI is a weak indicator on its own. Coupled with price action analysis, it often complete the picture necessary to make a trade decision.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Fantom Closing in on Major Resistance. What's Next!?Fantom has been marching toward the next key resistance zones ($0.53 and $0.65) as Bitcoin inches toward it's major resistance area of $46,000. The crypto market is burning hot, most tokens are multiple legs into this bull run, what should we expect next?
How do we trade this? 🤔
FTM is clearly aiming to touch $0.53, that almost seems inevitable. What we need to watch out for in these areas is a strong sell response to the resistance zones. If we're going to look for the reversal trade, it is a *must* that we see a strong sell off followed by a re-test of resistance, then a strong bear candle confirmation on a new low. The goal is to get into the trend as early as possible (thus, reversal trading), but you can't short bull candles closing on their highs.
It's reasonable to continue long scalping on smaller timeframes like the 15m and 1hr charts. Our bias ought to remain long until that reversal opportunity shows up. My recent Lifetime Bitcoin analysis covers my rationale in looking for a strong reversal to the $20,000-$25,000 area before the next all-time highs are achieved:
💡 Trade Ideas 💡
Long Entry: $0.48
🟥 Stop Loss: $0.41
✅ Take Profit: $0.55
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Three Pushes Up, Looking for A 4th, Watch for Trend Change.
3. Ascending Wedge Breakout to the Upside, Target $0.53.
4. Look for Resistance at $0.53, Support, Potential toward $0.655.
5. RSI over 70.00, Watch for Pullback.
💰 Trading Tip 💰
It's reasonable to take half profits at 1:1 Risk/Reward on a swing trade and move the stop loss up to entry. This secures profits, and allows the latter half of your position to be executed without the worry of loss, improving trading psychology.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
FTM → Fantom One More Leg Up to $0.53!? Lets Setup The Trade.Fantom has had 2 clear legs up in this Daily chart bull run. You could argue three if this current high *is* in fact the high, making it the third leg. My last analysis did not play out with the reversal at $0.38! Does that mean we should we be long here?
How do we trade this? 🤔
The answer is yes, but only in the near-term! If we are 2 or even 3 legs into the trend, that means our probability of profit longing is getting weaker to the point of where we need to consider shorts or at the very least, that a trading range is coming.
Right now we have a gap down to the 30EMA, we should wait until the price reaches at least that area with some bull signals and confirmation before entering any longs. This late in the game, consider scalping with 1:1 Risk/Reward and a relatively small position size since our probability in this direction is weakening. Set the protective stop below the 30EMA and grab at least 1:1 Risk/Reward and get out.
We also need to keep a close eye on Bitcoin completing its measured move to $46,000, a key level that could spell the end of the bull trend!
💡 Trade Idea 💡
Long Entry: $0.415
🟥 Stop Loss: $0.335
✅ Take Profit: $0.475
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Two Clear Pushes Up, Third to Major Resistance?
3. Gap from 30EMA Support, Wait to Long.
4. RSI at 70.00 and above Moving Average, Short-Term long, Long-Term Short.
5. Watch Bitcoin to complete Measured Move to $46,000.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
Long-Term Analysis of Fantom (FTM) CoinIf FTM experiences a decline within the specified range of $0.2246 - $0.208 in the coin analysis, it may be considered for long-term investments. If it encounters strong buying reactions from the mentioned support range, the initial upward target is $0.357, with the next target being $0.414.
Should FTM continue its downward movement, and if it drops to the $0.1856 level, a final addition can be made. However, if FTM closes weekly candles below the $0.17 level, it should be stopped.
Not financial advice (NFA).
FTM → A High Profit Opportunity! This Analysis Breaks it Down.Fantom is marching forward in a bull channel, breaking previous resistance and setting its sights on $0.34. It looks like we have a clear shot to the next resistance level, but is it safe to long now?
How do we trade this?
The bulls have several data points on their side; a bull channel, breaking of previous resistance, successfully testing that resistance as support, but is that enough to enter a long? Not yet! What we need now is a bull confirmation candle on this second support test. The last hourly candle just closed above support a few minutes ago, we need to hold this price and close a strong bull candle to justify a long.
If FTM delivers, set a protective stop below the "New Support" line and set a take profit at a 1:2 Risk/Reward ratio. The next resistance level on this timeframe is just below $0.35, so it's reasonable to take your profits before then.
Also, keep an eye on Bitcoin as a leading market indicator, it's into new high territory for this bull run and we need to be vigilant about reversal candles appearing. If one does, be prepared to change your bias to short!
Trade Idea
Long Entry : $0.325
Stop Loss: $0.319
Take Profit: $0.340
Risk/Reward Ratio: 1:2
Key Takeaways
1. Bull Channel, Bias to Long!
2. Broke out of Previous Resistance, Now Testing Support.
3. RSI at 56.00 and below Moving Average, Bias to Short.
4. Wait for a Bull Confirmation Candle Above Support.
5. Long 1:2 Risk/Reward, Stop Loss below New Support.
You are solely responsible for your trades, trade at your own risk!
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Fantom FTM price does not want to fall, so it will grow🚀It is very likely that the FTMUSDT price is completing its corrective consolidation in the white liquidity zone.
And it looks like FTM holders may be in for a +100% price increase.
The first target for Fantom token growth is $0.80
The second target is $1.75, but this is a long process
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ETH - FTM comparison; apples and oranges? updateETH - FTM comparison; apples and oranges? update
this chart comparison fascinates me. whats crazy is i STILL cant tell which of those two points in more likely. though it does seem overall very very similar.
i think with their dev runway etc ftm will pump hard for the first big bear market rally.
using that same ratio of time gone by since x point; seems we already bottomed. but macro in general indicates we haven't. id be ready to buy, but try staying above fake small time frame pumps.
gl
Fantom FTM price is able to grow to $0.70-0.80, but when?FTM buyers are quite aggressive, and they are currently buying back any price corrections.
We wrote more about Fantom in our previous idea
In today's idea, we have slightly adjusted the dynamic channels and reduced the working timeframe to daily for easier tracking of the idea's development.
It seems that buyers of FTMUSDT can organize another impulsive growth to the range of $0.70-0.80 in the near future . To do this, they need to gain a fixing FTM price above $0.45 and manage to break the stops of shorts above $0.50.
If sellers manage to defend the range of $0.45-0.50, then a fairly deep price correction may begin, to the region of $0.26 as we see in the white scenario.
And after the correction, growth will continue to the liquidity zone of $0.68-0.80.
Which scenario do you think is more realistic now and why?
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Fantom FTM will dump by 70%Merry Christmas, dear friends!
I wish you be healthy, happy and wealthy! Thanks for huge support you gave me. You are my motivation to make a quality articles.
You asked me to share my opinion about Fantom. It’s fundamentally strong asset which I am going to add to my portfolio, but not today. It will fall by 70% and I am going to explain you why.
FTMUSDT is printing the ending bearish wave 5, like the rest crypto assets. Let’s take a look in details on internal structure of this wave. I consider that wave 1 and 2 have been already finished and now asset is in wave 3. The target for the wave 3 is $0.08 , but the first stop is about to happen at $0.11 because the sub wave 3 target for FTM is located there. These targets have been defined using 1.61 Fibonacci extension levels.
The area between $0.11 and $0.08 suits for placing buy limit order using grid. It is not going to be the end of the bear market, but the potential bounce can be caught. At the same time, the global bottom I expect at $0.05 , but this target is approximate, we should see the wave 4 to define the exact target.
Best regards, Ivan
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FANTOM - FTM flexing - Andre's ProphecyFANTOM - FTM flexing - Andre's Prophecy
Update DEC 2022 ;
Andre posted some pumpy financial stats. FTM immediately initiated an off the bottom pump structure.
His stats etc are indeed very bullish for FTM's future (basically have massive cash dev runway/managed/ponzid their way to a very strong position going forward). That means DEFI round 2 will prob see FTM rocket up the ranks faster on the next bubble.
Long term accumulation imo.
May have one leg down; if BTC does the 10k thing then make no mistake FTM will PLUMMET; even if it has a big future. because; its a shitcoin and it went up so much already. like RUNE.
We seem to always be at a pivot, but here is another one here. if the price action produces another strong roll over, exit all markets and watch out below; if we keep grinding up like this its going to quick moon and buckle up.
Catch the ratio with higher risk FTM small cap plays; SPIRIT - BOO - LQDR etc
⭕Now is the time to buy Fantom cryptocurrency🧨🚀🔰You can see the analysis of Fantom cryptocurrency in the 4-hour time frame (FTMUSDT_ 4H)💣🔍
💥The price behavior is clear in the picture🧐👌 Due to the presence of the price near the DEMAND zone❗, there is a possibility that the price will rise to the Resistance🧡 area🔺🚀
Do you think this analysis can be profitable❓
I hope the analysis was useful for you🤍🌹
📌Please introduce the channel to your friends 🙏🏻
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FTM - Fantom - ghosts of Andre / pick your poison degensFTM - Fantom - ghosts of Andre / pick your poison degens
Last idea attached was range prediction which worked out well, just needed to be stretched out a bit but hey same shit.
THIS IDEA:
option 1 ; yay
option 2 ; poo + extra poo maybe
option 3 ; poo + extra mega poo (not on chart but its like -8373738%
i even put the fractals on for your viewing pleasure.
I have no idea which fractal plays but i feel like one of them will. note the option 1 CMF looks very similar, where as option 2 not so much. RSI could play both ways but option 1 looks a bit better.
Invalidation levels are quite clear ; id play it on a macro scale to those.
note; if option 1 is a go then interestingly avax ran a few days earlier for its first pump. so maybe the nifty move is to all in avax, get that pump to last high, then go all in ftm. ill be trying that anyway if option 1 seems likely.
then again maybe we are in completely uncharted waters and this thing does something novel. theres a good chance of that too. i just use fractals to try and give me some bearing not read the future. that said they often play out very well (until they suddenly don't).
my theory on that is the market makers algos basically run the same programs to fleece the noob leveraged degens
might do a avax chart but this is prob my last until we see where this ship is headed. should find out very soon.
gl
FTM; we MAY have hit a new range bottomFTM; we MAY have hit a new range bottom
got my beady eye on this mofo
maybeeeeee range bottom here; looks very similar RSI pattern wise. would make quite a bit of sense to get some relief soon after all this bloodshed and misery that has been inflicted.
im quite hung over so thats it.
ps ; read Arthurs latest blog article. VERY good imo.
