FTMUSDT
FTM Entering Accumulation ZoneFTM entering accumulation zone. Time to start stacking up!
Key takeaways:
1. Respectable descending channel - looking to create a final LL
2. Major key support from last summer
3. Based on historic records, altcoins have a tendency to reach maximum drawdowns from ATH's at 90-97% thresholds. We have entered that territory.
We been SMASHED but can we Come Back? (YES!!!)FANTOM has come back to base, following the overall market performance (troubles).
Technically speaking the price is on support and a good 9% rebound is in place.
The 60 cents resistance is mild, the 50 cents support is much stronger.
time to Buy again? Who know.. we will be honest with you: things are scary but Fantom has a great project that we like to beleive in..so yes, time to BuY!
One Love,
the FXPROFESSOR
Levels to maintain in Daily FTMUSDT $FTM - analysis ichimokuHere you can see the price to maintain.
--> We've just made a rebound on flat SSA daily.
By the way, we make a falling wedge with RSI weekly. It's often bullish than bearish!
In weekly chart, we get out of this falling wedge probably next week but not in daily chart as you can see.
We see also a bullish divergence in 4H and in daily chart !
I hope that the 30k$ for BTCUSD will be huge support.
have a good day Fantom Family
📈FTM: when to open a trade? Is sl collection still possible?📈Fantom(FTM), we have to wait for the RIGHT setup or pattern to open a trade to earn +10%, 20%, 100%, and not mindlessly open trades and lose -2%, -5%, -10%. That's what I'll talk about in this idea.
🚩The key zones on the chart are:
🔶$0.564-0.686 - liquidity gap
⬜$1.15-1.50 - huge value zone
⬜$1.98 -2.45 - value zone
The price touched the liquidity gap , and since there are no buyers or sellers there , the price quickly bounced off that area. To open a long it is necessary to wait for the collection of stop-losses, the whales manipulation, of course, with the growth of volumes on the indicator. That' s why local collection of traders' stop-losses below the level of $0.66 is still possible. After that it is possible to open long trades❗
📍The trendline. When the price touches the global trend line, it is necessary to pay attention to the squeeze. The squeeze shows the willingness of traders to buy and a possible break up soon. You can see manipulation and local stop loss collections sometimes, but the squeeze is one of the most successful and simple strategy I use .
🎯Targets. The first target will be the value zone of $1.15-1.50. If Bitcoin and the entire crypto market will be in uptrend, the price have the chance to reach the second value zone of $1.98 -2.45.
Every crypto (BTC or alts) is unique. Fantom, for example, grows very fast, pumping by 10-20%, so don't miss the entry point😉
🎥You have to wait for the right set-up on the chart, not to trade everything you see. Check out my yesterday video review on Bitcoin, it's relevant to all cryptocurrencies!
FTMUSDT
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for FTMUSDT
Clearly, the price is under fluctuation between the first resistance line and the second support line. At the moment, it is falling below the second resistance line and we will have two predictions for it. The first is that the price will reach the first support line and there is a rise again for it up to the first resistance line. The second is that the price is able to move upward to the first resistance line if it has more decline down to the second support line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
FTM Analysis - How Low Can It Go?Hello Traders!
This analysis for FTM was done at the request of one of our members. I was actually quite Bullish on this crypto last year long before the leader left and chaos ensued.
So where is price headed?
- To be brutally honest... This is one of the worst charts that I've seen in a while. I can't find a single Bullish indicator anywhere on the chart. I actually think FTM could be trading around 0.20 or less by the end of the year and I'm serious about this.
- In the short term I would like to say I think it could bounce considering it's at a support level and has come into this level quick (indicator of potential bounce) but this crypto has underperformed so much that even when a bounce setup occurs it blast through the level and continues lower.
***I really don't have much to say regarding this crypto, if it was me I wouldn't put a single penny into FTM. It's done nothing but trade down with the exception of a couple bounces but aside from that this has got to be one of the worst performing coins in Cryptoland.
- For anyone holding FTM, I'm not trying to be abrasive, I'm just giving my honest opinion.
***I suppose you could short FTM but I would caution against shorting period unless you are experienced.
***Let me finish by saying this...
- If you are HODL'er of FTM, I would think very carefully about your plans for this crypto. The probabilities of you continuing to lose money with FTM are VERY high especially considering BTC is projected to hit $20K in the coming months.
- Personally I learned the hard way and had liquidated my account on several occasions when I first started trading. I left my money in cryptos like ADA, holding on because my emotions told me to. There was no logical reason to it, the charts said otherwise but I was attached to it and couldn't bare taking that size of a hit. In the end I lost all the money invested and learned the lesson of what happens when you allow your emotions to dictate your trading decisions.
- Lastly, I don't know if anyone reading is in this particular situation, but either way it's a good lesson to be learned. Charts like FTM will undue months if not years of work saving money to invest.
That's all, thank you everyone and best of luck trading!
⭕️BUY crypto FANTOM ; Now is the best time to Buy ❗️🧐🔰You see the analysis of the crypto FANTOM in four hours ( FTMUSDT , 4H) ❗️🔎
🔰BUY FTMUSDT at 1.0300
✅TP ; 2.0600 (+10300 pips)
❌SL ; 0.9180 (-1120 pips)
📊R/R ; 0.1 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐)
🔰BUY FTMUSDT at 1.0300
✅TP ; 3.1000 (+20700 pips)
❌SL ; 0.9180 (-1120 pips)
📊R/R ; 0.05 (This number is derived from the division of Risk to Reward and must always be less than one, and the less it is, the better🧐) 🔥🔥
🔰Due to the price in the demand area and the fatigue that is evident in the price movement, if the price breaks the white downtrend line. Buying in this area seems low risk. The first target is located in the nearest supply area and the second target is located in the main supply area, which was previously the highest price for this crypto.💰👌
⚠️⚠️🔥Take a look at Phantom Analysis step by step on YouTube🔥⚠️⚠️
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
FTM ANALYSISOn daily timeframe chart is forming a "descending parallel channel"
If the candle closes below the major support zone of $0.74 then price will reach the weekly support zone of $0.5.
Wait for breakout of the resistance trendline of the parallel channel or touch to weekly support zone to build a position.