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Fantom

🚀 Breaking Down my FTM Journey and Bull Run Potential !🚀 Breaking Down Fantom's Bull Run Potential: From 0.23 to Double Digits! 🌟 Hey crypto fam! 🌐 Exciting news on the horizon as we delve into the electrifying journey of Fantom (FTM) and its skyrocketing potential in this bullish season! 💥 First things first, let's talk numbers. Fantom is currently trading at a tantalizing $0.95, a remarkable leap from its earlier price point of $0.23. 📈 But hold onto your seats, because we're just getting started on this rocket ride! 🎯 Next Stop: $1.66 With the wind at our backs, our next target is set at $1.66. 🎯 Breaking through this resistance level will be a significant milestone, setting the stage for even greater heights. 🚀 Aiming Higher: $3.48 But why stop there? Our sights are firmly set on $3.48 once we conquer the $1.66 mark. 🌟 Fantom's momentum is building, and this target is well within our reach. 💰 Main Take Profit: $7.60 For those eager to know my TP, my main take profit goal stands at an impressive $7.60. 💰 But buckle up, because the real excitement is yet to come! 🔥 Double Digits: The Ultimate Bull Run Here's where things get truly thrilling. With the recent coming launch of Fantom's cutting-edge SONIC mainnet, the stage is set for an unprecedented surge. 🚀🔥 Many experts predict that Fantom has the potential to not just hit, but soar past double-digit figures in this bull run! 🚀🔥 So, fellow crypto enthusiasts, fasten your seatbelts and get ready for the ride of a lifetime with Fantom! 🚀✨ Don't miss out on this opportunity to ride the wave of innovation and prosperity. Let's make this bull run one for the history books! 📚💫 Stay tuned for more updates and join us as we journey to the moon and beyond with Fantom! 🌕🚀 #Fantom #FTM #BullRun #CryptoRevolution BINANCE:FTMUSDT
Long
by premtonx
$FTM Bull Case - Multiple TargetsBINANCE:FTMUSDT is looking quite bullish, with a very clean chart and well respected Fibonacci retracement levels. The support is sitting right at 61.8% of the last leg up. (Common reversal level) I think the chart is open to multiple interpretations, each with a different target: Descending Triangle : $1 Also a key psychological level and a previous resistance. Bull Pennant : $1.15 Previous resistance and close to the top from last March. Elliott Wave W3 : $1.3 or $1.62 If $0.76 is the local bottom, it would be a perfect Wave 2 end (61.8% of Wave 1). According to Elliott Wave theory, the Wave 3 target would be either $1.3 (161.8% of W1) or $1.62 (261.8% of W1). $1.3 is also a key support from 2021/2022. $1.62 is also a resistance from 2022. My strategy for this will be: Open a long position after a break above the resistance trendline, with a wide SL Take partial profits at each target Starting from $1.15, move my SL up below the previous target Not Financial Advice
Long
by AliferCrypto
Fantom 600% Potential in Long TermElliott Wave Pattern: The chart shows a complete Elliott Wave pattern with the sequence 1-2-3-4-5 followed by an ABC correction. Currently, FTM is in the initial phase of the third wave of the new cycle, which signals the potential for significant upside ahead. Fibonacci Retracement Level: FTM has tested the 0.382 Fibonacci retracement level several times as strong support. This provides an indication that the price is likely to respect this technical level, which is usually a positive sign for potential further upside. Moving Average: The 21-week Exponential Moving Average (EMA) shows an uptrend. When price is above this EMA, it usually indicates bullish momentum. Price Target: The price target projection using Fibonacci extensions suggests that the price could reach around $5.55 in the anticipated wave 3 phase. This provides interesting upside potential from the current level of around $0.82. Sentiment and Fundamental Analysis: Based on the latest analysis and predictions, the Fantom project has growth potential supported by the adoption of new technologies and collaborations in the DeFi and dApps ecosystem.
CRYPTO:FTMUSDLong
by CryptoWizard_
Fantom (FTM): Bullish Setup with Strong Support Levels!Looking at Fantom on the daily timeframe, we see a promising setup following the completion of Waves 3 and 4. Wave 4 ended around $0.567, and since then, we have observed a consistent formation of higher lows. This pattern suggests a continuation of the upward trend. The recent rise has left behind a breakout gap. Our plan is to see this gap touched or closed, and subsequently, we aim to use the underlying demand zone for Dollar-Cost Averaging (DCA) if further pullbacks occur. Within this area, we have two significant supports: the Point of Control (POC) and the High-Volume Node Edge. These levels should provide enough support to prevent the price from falling below this range. Our target is set at a minimum of $1.22, though it could go higher, considering this is likely Wave 5. This target aligns with the expected continuation of the bullish trend as indicated by the Elliott Wave theory. It is relatively easy to see that there are many liquidation levels above the current price for FTM. Significant liquidations have already been taken out, particularly just shortly after the ETF approval when many overleveraged positions were liquidated. Currently, there aren't many liquidation levels below the current price. Therefore, we believe this might be a good time to dip again to clear out any remaining liquidation levels. After that, we expect to absorb the remaining short positions and push upwards. There is significant room to move higher, reaching our first target and potentially taking out more liquidations along the way. Focusing on Fantom (FTM) on the quarterly VWAP chart, the 2024 Q1 VWAP has acted as a significant resistance level, respected four times. This consistent resistance often becomes a powerful support once broken, marking the start of a bullish phase. We anticipate the 2024 Q1 VWAP will transition from resistance to support, signaling strength and potential upward momentum. Additionally, the 2024 Q2 VWAP is providing strong support, reinforcing our bullish outlook and underpinning the price action. With the combined support from the 2024 Q2 VWAP and the potential flip of the 2024 Q1 VWAP, Fantom is poised to gain momentum. We expect this to drive the price upward, leading to a retest of the 2024 Q1 VWAP soon. In summary, the interaction between these VWAP levels is pivotal. The 2024 Q1 VWAP is likely to become new support, bolstered by the 2024 Q2 VWAP. This setup suggests Fantom could move higher in the near future, retesting and possibly surpassing previous resistance levels. We also need to consider the monthly VWAP chart for Fantom (FTM). Resistance was encountered between $0.915 and $0.925, defined by the Previous Monthly VAH and the March VWAP. Currently, the May VWAP is holding, along with the Previous Monthly VWAP. However, we might fall below this level, where the Previous Monthly VAHL and May VAL should provide support. This alignment offers solid support and aligns with market structure and Elliott Wave principles. Maintaining these levels is crucial for sustaining the bullish outlook and allowing the market to stabilize before moving higher. Holding the May VWAP and the Previous Monthly VWAP shows Fantom's resilience, potentially facilitating upward movement. If a dip occurs, support at the Previous Monthly VAL and May VAL should stabilize the price and provide a foundation for the next bullish phase.
Long
by freeguy_by_wmc
Analysis for FTM (Fantom USDT) for Next MonthHistorical Performance: Fantom USDT (FTM) has shown significant growth over the past three months, with a steady increase in its market value. This positive momentum could indicate potential for further growth in the future.Resistance Levels: The coin has faced resistance at various price levels, with the most significant being around the $0.80 to $0.85 range. These levels may act as psychological price barriers, but they could also be potential breakout points if the price action surpasses them.Support Levels: FTM has found support at price levels between $0.60 and $0.65. These levels have been strong, with the price bouncing back up after touching them, which suggests strong buying interest and potential for future growth.Technical Indicators:Moving Averages: The coin is currently trading above its short-term and medium-term moving averages, which could indicate a bullish trend. However, it is also important to monitor its performance relative to its long-term moving average.Relative Strength Index (RSI): The RSI is near the midpoint at around 50, which suggests that the coin is neither overbought nor oversold. This could indicate potential for further price movement in either direction.Market Sentiment: The overall market sentiment for FTM has been positive, with a steady increase in trading volume and a growing number of active addresses. This suggests increasing investor interest and could be a positive indicator for future growth.Conclusion: Given the strong performance and positive momentum of FTM over the past three months, along with its current trading above key moving averages and strong support levels, there is potential for continued growth in the short term. However, it is important to monitor the coin's performance against its resistance levels and market sentiment for signs of potential reversals. Investors should also stay informed about regulatory developments and market trends that could impact the broader cryptocurrency market and, consequently, FTM's performance.
Long
by spitraberg
Muttski - high risk - fantom trading bot - huge potentialThis one catch my eyes... Muttski telegram trading bot - 3 million market cap. Fantom Sonic is about to go live soon and they will kick off with a huge meme season - 1 month competition with big prize pools. If, I say if, Fantom Sonic deliver a transaction speed like Solana, I smell success for solid trading bot that seems to be supported by Fantom foundation. This is not a financial advice - just speculating in things with high risk and high reward :)
SPOOKYSWAP:MUTTSKIWFTM_77E063Long
by TaTaTaCrypto
$FTM Possible Double BottomKUCOIN:FTMUSDT - Huge Double Bottom possibly in print Measured move +40% Divergence at support in 0.635 levels would be preferred entry provided entry trigger activates via candlestick or candle stick formation. Neckline break and retest at 0.78 level will provide further impetus for initial Target to 0.94. Remember UPCOM:FTM can go higher can is dragged around like all altcoins by the ring master $BTC. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
Long
by imr4nkh8n
1
🔥 FTM: Huge Reversal Possibility From Major SupportFTM has been trading in a very strong bullish trend since October of last year. This analysis is based on the idea that FTM will keep trading alongside the bottom purple support. I'm waiting for a minor sell-off towards the entry, or when the price hits the bottom support line. Target at 2$ and the stop below the most recent local low. The stop is very tight. If you prefer a higher probability trade (but lower RR) put the stop at 0.54
Long
by FieryTrading
1
FTM/USDT bullish reversal from support? 👀🚀FTM analysis💎 Paradisers, get ready for a compelling trading opportunity with #FTMUSDT, a coin that demands close attention. Currently, there is a heightened probability of a bullish reversal from the key support at $0.5620. If the price can maintain its momentum at this level, there’s a strong chance it could initiate a bullish push, aiming to breach above resistance and potentially revisit our targeted strong resistance area. 💎 Should $FANTOM fail to rebound from the $0.5620 support and instead break below it, this would likely indicate a continuation of the downward trend, with the next critical support being the bullish Order Block (OB) area around $0.4497. 💎 If #FTM reaches this Bullish OB area, it is imperative for the price to secure a bounce from this level, which is pivotal for maintaining support. A failure to rebound could exacerbate the bearish momentum, affirming negative market sentiment and possibly driving the price further down. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
5
FTM/USDT it shows price will be back test on the support!💎 Paradisers, #FTM is indeed catching the eye as a coin worth monitoring closely. 💎 After facing rejection at the resistance area, it appears poised to revisit the support region around 0.568 in search of renewed momentum. 💎 Should FTM successfully find support and bounce from this level, it could potentially form a double bottom pattern, with the neckline acting as resistance around the 0.798 mark. 💎 To validate this pattern and shift back to a bullish trajectory, FTM must break above both the resistance and the descending trendline of the pattern. If successful, this breakout could pave the way for further upward movement, possibly leading FTM to retest our target strong resistance area. 💎 However, if FTM fails to find support at the aforementioned level and instead breaks below it, this could signify a bearish continuation, with the price likely heading towards the next significant level, the Bullish OB area around 0.449. 💎 Reclaiming the support at 0.568 would be crucial for FTM to maintain its bullish momentum. Should FTM fail to bounce even after reaching the Bullish OB area, it would signal a bullish invalidation, indicating a continuation of the bearish trend.
by MyCryptoParadise
4
📈FTM: Unveiling Potential Trading Opportunities in the Market🔥☀️In today's analysis, we dive into the realm of Fantom (FTM), a coin exhibiting promising potential in the market. Focusing on the daily timeframe, we dissect FTM's price action and chart patterns to uncover strategic entry points for traders seeking bullish opportunities. 📈Since October last year, FTM has delivered remarkable gains, surging approximately 570% to reach the $1.1485 ceiling. Currently undergoing a corrective phase, FTM appears poised for its next significant upward movement, presenting an opportune moment for traders to capitalize on potential profits. 🔍Zooming into the daily timeframe, we observe a prevailing high wave cycle indicative of an upward trend. In alignment with trading principles, our focus remains on identifying entry points within the prevailing bullish trend. FTM's recent retracement to $0.6267, coinciding with the 0.618 Fibonacci level and forming a strong point of reversal zone (PRZ), underscores the potential for a bullish continuation. 📊 As volume gradually diminishes, both primary traders and whales remain absent from the market, contributing to increased market volatility. In such conditions, refraining from trading presents the optimal choice, ensuring prudent risk management amid erratic market behavior. 📉Observing SMA99's proximity to price action, we recognize its significance as a key entry point during upward trends, often catalyzing significant price movements. Furthermore, the trend curve exhibits a gentle slope, indicative of a parabolic ascent, albeit with associated risks of trend curve breakdowns leading to sharp market declines. 🛒For spot traders, multiple entry points exist. Firstly, identifying a strong bullish candle within the current range presents a high-risk, high-reward opportunity. Alternatively, entry upon breaching the box resistance at $0.7971 offers a more conservative approach, minimizing risk while ensuring confidence in the bullish momentum. Lastly, a breakout above $1.1485 signifies a strong confirmation of the uptrend, albeit with potentially lower profit margins. ⚠️While near-term targets include $1.6673, a crucial resistance level, and ultimately the all-time high (ATH), it's essential to employ fibo extension tools post the $1.1485 breakout to refine target levels and mitigate risks. 📝As we navigate the complexities of FTM's market dynamics, exercising caution and strategic decision-making remain paramount. Stay tuned for ongoing updates and insights as we continue to navigate the ever-evolving landscape of cryptocurrency trading. 🧠💼It's important to acknowledge the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Always adhere to strict capital management principles and utilize stop-loss orders, ensuring that the initial target offers a risk-to-reward ratio of 2
Long
by itsparham96
SPELL Token --- Potential for a Inverse head & shoulders to formDCA buying in the right shoulder area could be prove to be fruitful when we get out general Altcoin rally The investment thesis is quite simple people will see that Fantom might be trading at a $1.50 soon enough And think damn , I missed a 10X what can I buy in the fantom the ecosystem to catch up that 10X So they venture further down the risk spectrum And find spell, spookyswap, tomb etc You get the idea don't you It's the same with people seeing BTC trade at 80K and thinking damn I missed that train what else can I buy???
CRYPTO:SPELLUSDLong
by BallaJi
9