FTMUSDT My view of the weekly time for this currency is this. What do you think about this analysis?
FTMUSDT trade ideas
FTM HACK NEWS: NEAR TWO YEAR SUPPORT Recently, the company of the coin, Fantom Foundation were the latest victims of coin hacking. From a price perspective, this can be a bearish sentiment for traders as it questions its overall security and integrity of the blockchain. For more detailed information regarding this news, check out the links listed below (all on TradingView):
www.tradingview.com
www.tradingview.com
In this weekly chart of BINANCE:FTMUSDT above, the price is on pace of touching the support line for the third instance from July 2021. The coin is still on a downtrend and a breakdown could be possible if we will have another hacking cryptocurrency, hopefully not.
On an indicator perspective, our RSCD (RSI and MACD) is still bearish from a daily perspective.
Thus, I still have bear bias for the coin unless we see a bullish reversal by looking at the chart below. I plotted a months-long resistance line for a potential breakout scenario. This could happen before the month ends.
Always plan your trades.
Happy trading :)
FTM Buy Trade Blueprint: Seizing the Moment for Maximum Gains **Short Fundamental**
* Fantom is a decentralized smart contract platform that is designed to be fast, scalable, and secure.
* Fantom uses a consensus mechanism called Lachesis, which is a highly efficient and scalable alternative to Proof-of-Work (PoW) and Proof-of-Stake (PoS).
* Fantom has a number of features that make it attractive to developers, including its low fees, fast transaction times, and support for the EVM (Ethereum Virtual Machine).
* Fantom is home to a growing ecosystem of dApps, including DeFi protocols, NFT marketplaces, and gaming platforms.
**Recent News**
* Fantom Foundation announces $370M ecosystem fund to support the growth of the Fantom network.
* Fantom integrates with Chainlink to provide developers with access to secure and reliable oracles.
* Fantom partners with Ankr to provide users with a more seamless and user-friendly experience.
**Disclaimer**
The information provided in this document is for informational purposes only and does not constitute investment advice. You should not make any investment decisions based solely on the information provided in this document. You should always conduct your own research and consult with a financial advisor before making any investment decisions.
FTM Weekly Analysis - Have We Hit The Bottom? Long for 2024!FTM has been bouncing off and consolidating in its major support zone of $0.15-$0.20 since it made contact in June of 2022. After a quick bounce to the $0.60 area, the price has remained in that support zone. We have now had a third touch point on this support, and so far, the bull response is strong.
Bitcoin has also been consolidating in its support zone of $25,000-$30,000. My analysis of Bitcoin is we will see a bull run in 2024 and new all-time highs by April of 2025. If the Crypto market repeats history, the Alt market will follow Bitcoin to the upside when it finally breaks out.
FTM remains #62 in market cap as of this posting, a good spot to be in for a riskier yet probable investment. What remains an open question is; will the Alt market be strong this time around? We don't know, and that's a conversation for another post. As traders and investors, it's important to speculate about the future based on historical data * first *, then inject fundamental analysis to determine the probability of a deviation from history.
Key Points:
1. If FTM doesn't fall out of the top 100 in market cap during the next couple of years, I expect the price to at least reach the resistance zone of $0.55 - $1.00 by 2025, a conservative estimate of about 500% up from today's price.
2. If the alt market responds to Bitcoin's bull run in 2024-2025 reaching previous all-time highs, it's possible that FTM will also soar to its previous all-time highs of around $3.50. That is a roughly 1700% increase from today's price.
These are great outlooks on FTM, but we should always proportion our investments relative to the risk of the asset. 2 years is a long time in the market, especially in a young market like Crypto, especially with an altcoin.
As always, trade at your own risk, you are responsible for your trades, and I hope this information was helpful.
Trade wisely and let us know what you think in the comment section below!
FTMUSDTHello snipers, nothing is impossible. In a one-day period, the price is close to the long-term downward trend line, in case of a breakout, it can create a buying position. So, lie in wait and be ready to shoot. Maybe it will make a good deal. . All analyzes are only possibilities.
FTM Update 2# = MEGA Dump
Many said you must be dreaming FTM wont dump lol
anyway it bounced exactly from the level I mentioned earlier
the dump will continue
remember that FTM did 800x from the bottom but you didnt take profit
you will regret it for years
SHORT all ethereum killers to 0
thanks
FTM BULLISHPrice made a good entry into the range. The retest it will give to the bottom area may provide a good entry to move the price up.
Fantom 101823I thought BNB looked bad but this one takes the cake. Most altcoins have the same setup. BTC is king. ALts likely have much further til we hit value areas. Long way down
FTM SELL LIMIT 😎♻️😎♻️😎♻️Hi dear traders
The price has formed Ascending Wedge.
If 0.1848 area is correctly broken, the pattern is confirmed.
We can open short position with suitable R/R.
Waiting for breakout
Let's see what happens
This is not financial advice ( DYOR )
Good luck
Day Trade on FTM AlertWe got this Double Top on FTM , the third wave was clearly not able to close near the second TOP,
I have strong conviction to Enter for a Short Trade on FTM Today
get to go..
plan to exit on first TP , because a Bullish wave is expected to come next
#FTM/USDT is testing the Diagonal Trendline in 1-Hour TF!#FTM/USDT is testing the Diagonal Trendline in 1-Hour TF!
UPCOM:FTM needs to clear the PML $0.1825 major resistance level to gain bullish momentum. In case of rejection, we can short it.
FTMUSDT - 1HIf the range of 0.181 units is broken and the price stabilizes above it, the price may increase to the range of 0.185 units, and if the range is strong, the range will be 0.188 units.
Otherwise, the price may drop to the range of 0.175 units
🔥 FTM Head & Shoulders: Peaking Into The AbyssFTM has been one of my favorite tokens during the bull-run, but has lost nearly all of its value over the last two years. In its current state, it's one of the weakest big alts.
In my eyes, there's potential for more bearish price action in the future. I think that FTM can fall as far as 0.03 USD. Consequently, this would be my ideal area to step in for a long-term position.
I'm waiting until the price closes below the neck-line of the pattern before making an entry.
$FTM The Bears take control!The Markets are turning bear and this is a simple chart that can help with understanding where we might be headed..
IMO Dips are for buying and this is the very tail end of the Bear Market... Not Financial Advice!!!
FTM to 0.1?Remember this is only based on H&S pattern and FTM formed it perfectly. Neck is at 0.15 and FTM holding 0.15 area since February 2021 which means breaking it below will be crucial. If we get confirmation on breaking neck we might see FTM around 0.1 which still means could stay in bullish in 1W and 1M TF. But remember there is a huge support zone around 0.05.
FTM in the purchase zone!!!FTM price is in the global buy zone 0.27-0.12
The purchase level of 0.19 is below the volume price - 0.2407
The price of the total volume is 0.0174
Test: A new purchase level has appeared on the chart! (green dotted line) 0.1831
FTMUSDT
FTM, continue the decline or test the upper resistance?, still 2 months left for the annual candle,.. some indicators show bearish... this is not a suggestion for trading, you should do research first and analyze further...
FTMUSDTBINANCE:FTMUSDT Long idea
⛔"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help.#DYOR"
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FTMUSDT LONG IDEAFTMUSDT has break an strong resistance and after pullback it has shown trigger.
entry:0.1950
tp1:0.2018
tp2:0.2080
tp3:0.2151
sl:0.1895
r.r:3.65
fantom buyBINANCE:FTMUSDT has potential to give over200% in long position , risk reward is over than 7 and its worth to buy ftm at this price
FTM USDT
ftm is correcting or bearish again... note: don't use this idea as a trading idea, before you analyze and research it yourself...
