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FTMUSDT trade ideas

FTM/USDT In the Crucial Area. Break and Bullish or Rejected ???💎 FTM's recent market activity has undeniably garnered attention. The coin's trajectory showcases a breakout from the Descending Channel, further emphasized by its significant volume and upward momentum. 💎 Interestingly, FTM didn't undergo the typical retesting phase on the resistance trendline post-breakout. Instead, it surged forward, breaking and closing above the resistance level at $0.2195. This resistance has now transformed into a support zone for FTM. Observations indicate that probability FTM has been consistently bouncing off this newfound support, aiming for the next pivotal point: the supply area. 💎 This supply area is a critical juncture for FTM. For the coin to continue its bullish trajectory and reach the subsequent supply zone, it needs to break and sustain above this area. However, the crypto market's inherent volatility means there's always a chance for a reversal. If FTM faces rejection at the current supply zone, it might retreat to its support at $0.2195 to gather momentum for another upward push. 💎 A failure to bounce off this support could see FTM descending towards the demand zone. This demand area is FTM's last bastion for bullish hopes. A breach here could trigger a bearish trend, potentially pushing FTM towards its key support zone. 💎 In a pessimistic scenario, if FTM revisits the demand zone and fails to uphold its position, it could mirror the trajectory of FTM, as mentioned. This would mean a potential downward spiral for FTM, with the coin possibly gravitating towards a strong support area, emphasizing the delicate balance between bullish optimism and bearish caution in the crypto landscape.
by MyCryptoParadise_Nathan
3
FTM Speculative Asset Play - DeadCOIN?FTM is one of those coins that is in a pretty uncomfortable place for me, Not much going on in the Fantom Ecosystem and a ton of new competition has sprung up over the past three years, However from a technical standpoint FTM looks incredible right now, Id recommend accumulating at least a small bag in case these targets do come to fruition. Support Zone : $.2570 - $2670 Major Resistance Zone: $.2960-$.3210 Target 1: $.3863 +31% Target 2: $.4880 +64% Target 3: $.6101 +105% Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm. Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds. The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019. Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.
Long
by Helios_Capital_Investment
#FTM #FANTOM long-term targets, until the end of 2025Fantom's long-term targets, until the end of 2025 According to Elliot's wave count conditions, from March 2020 to January 2022, a five-wave structure can be observed, which can be a small part of a larger structure, i.e., it is either wave 1 or wave A of a five-wave or a three-wave. . From January 2022 to October 2023, a corrective structure will be observed as wave 2 or B, and now we are forming the next rising wave, which according to Elliott's rules should be formed as five waves and as wave 3 or C. Depending on whether the new movement wave is formed as wave 3 or C, different targets will be created. Therefore, our target range will be relatively large, but according to the shape of the movement structure and also the estimate of the end of the climb, we can reach relatively suitable points in the specified time. The targets are: TARGET1: 6$ TARGET2: 15$ TARGET3: 60$ TARGET4: 270$ ENTRY: 0.33 -0.21 $ STOP LOSS: 0.15$
Long
by KhaniTechnical
9
BULLISH ON THIS FTM TWO-YEAR APEXIn this chart of BINANCE:FTMUSDT , we saw an apex pattern and I would consider bullishness for this coin because of these factors: Triangle and its past. The specific pattern shown is a descending triangle from its prior uptrend movement from a daily and weekly timeframe, indicating a higher chance of a resistance breakout. Respecting the elderly. In terms of the seniority, the current resistance line is formed in January 2022 while the support is two years old and six months older. In my trading experience, the old will have the "firmness" and conviction. I also posted this on my past idea of this two-year support, true enough the market respected it. Take note, price rejection can happen, plot your support lines on an hourly perspective as possible. I would add more goodies in the comments down below. Always PLAN your trades and happy trading!
Long
by luigi360swirl
4