FTM: Pullback in UptrendTrade setup : Price remains in an Uptrend. After reaching our target of $0.55 resistance, price got overbought (RSI > 75) and pulled back on some profit taking. Pullback near $0.40-$0.45 support zone could be a swing trade entry in Uptrend with +25% upside potential back to $0.55. Stop Loss (SL) at $0.35 (prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). MACD Histogram bars are rising, which suggests that momentum could be nearing another upswing.
Support and Resistance : Nearest Support Zone is $0.41 (previous resistance), then $0.33. The nearest Resistance Zone is $0.55, then $0.65.
FTM
FTM/USDT Bullish Continuation ahead? 👀 🚀 FTM Today analysis💎 Paradisers, prepare for a promising opportunity with #FTMUSDT. It's currently exhibiting an intriguing pattern, having recently faced rejection at a resistance point, pointing towards a likely bullish continuation from the demand zone.
💎 UPCOM:FTM has shown a tendency to follow a descending trendline, breaking above it to embark on a bullish journey. Now, after a strong rejection at resistance, there's a considerable chance for a bullish movement starting from the demand level of $.2770. Upon successful continuation, #Fantom aims to challenge resistance levels at $.3810, with the potential to climb as high as $.5484.
💎 For the discerning Paradisers, timing is of the essence. Identifying optimal entry points during this upward trend is key, and it's equally important to avoid entering at the peak. Moreover, it's crucial to be prepared for the possibility of $Fantom dipping below the $.2770 demand level. Should this occur, a bullish rebound from the support level of $.2354 might be on the cards. Nonetheless, a fall beneath this support level could bring into question the likelihood of a sustained upward move.
💎 In these evolving market conditions, strategic planning and decision-making are paramount. Employing a comprehensive trading strategy that focuses on money management and a keen understanding of support and resistance levels is essential for achieving successful trading outcomes. 🌴💰
📉📈 FTM Price Analysis 📊💹📆 Recent Retracement:
FTM, like many altcoins, has retraced in the last two weeks, falling from $0.55 to $0.380.
🔍 Robust Support Zone:
A robust support area is identified between $0.35 - $0.40.
📉 Oversold Conditions:
The price is currently oversold, indicating a potential reversal.
🔄 Potential Scenario:
If FTM consolidates in the support zone and the overall market remains bullish, there's an expectation to test $0.45 - $0.480.
📣 Conclusion:
FTM's potential scenario involves consolidation in the $0.35 - $0.40 support area.
A bullish market could lead to a test of $0.45 - $0.480.
#FTMAnalysis #CryptoTrading #MarketWatch
FTM/USDT Keep on Eye for the strong candle. Back to Upward ?💎 FTM, a notable player in the market, has recently exhibited significant resilience. A key observation is its robust bounce, particularly if it manages to close the day with a strong green candle.
💎 Such a bullish signal could propel FTM to test the supply zone above. For continued upward movement, the probability of breaking through this supply area is crucial to reach the projected strong resistance area.
💎 However, if FTM struggles and fails to penetrate the supply zone, the current uptrend might merely be a temporary rally before resuming a downward trajectory toward the support area. In such a scenario, FTM needs to hold strong at this support level, offering a chance for recovery and another attempt to breach the supply area.
💎 A critical juncture will be if FTM breaks down below the support area. Such a movement would shift the momentum bearish, indicating that FTM might slide further to the lower demand area. For FTM to resume its upward journey, it would need to reclaim a position above the support level. Failing to do so could see FTM descending towards stronger demand zones, marking a more definitive bearish turn in its market trajectory.
#FTMAt the D1, FTM currency is in wave 3 or C, which can move up to at least 100% of its previous wave. If the candlestick penetrates the specified range, this analysis will be invalidated. But if this does not happen, we can expect this rising wave to return. As can be seen in the figure, these three corrective waves have continued until 1.272 Fibo, which should be expected to return in the same area. In addition, the 1.618 Fibo area penetrates below the neck line, which is not clear for this purpose, and if it is corrected up to the 1.618 area, the analysis will be invalid.
FTM: Pullback in UptrendTrade setup : Price remains in an Uptrend. After reaching our target of $0.55 resistance, price got overbought (RSI > 75) and pulled back on some profit taking. Pullback near $0.40-$0.45 support zone could be a swing trade entry in Uptrend with +25% upside potential back to $0.55. Stop Loss (SL) at $0.36 (prior swing low).
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45).
Support and Resistance : Nearest Support Zone is $0.40 (previous resistance), then $0.33. The nearest Resistance Zone is $0.55, then $0.65.
⚡️FTMUSDT CMC TRADING ⚡️ DEMAND AND BREAKOUTFTMUSDT has successfully executed a trend breakout, supported by the confirmation of a bullish breakout from an ascending triangle, characterized by a Change of Character (ChoCh). With this setup in place, we anticipate an upward rally, aiming to surpass the previous swing highs.
Trade signal | Fantom (FTM) a setup for upto 41.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of the Fantom (FTM) coin with US Dollar pair.
Previously we caught almost 100% pump of FTM as below:
Now on a daily time frame, FTM has almost completed a bullish BAT move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
FTM BUY SETUPFTM has an ascending structure. If it reaches the green range, we will enter the buy/long position.
Pay attention, we are only looking for buy/long positions on the green range and we will not enter positions in higher areas
Closing 1 daily candle below the green range will violate the analysis
The targets are clear on the chart. for risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
FTM/USDT In the key level area. Success Break or Rejected ??💎 FTM has indisputably attracted considerable market attention. Currently navigating a pivotal juncture, FTM finds itself confronted with a formidable strong supply area. The historical struggle is evident in FTM's attempts to breach this area, marked by consistent rejections followed by downward movements, which underscores the significance of this challenge.
💎 However, envisioning a scenario where FTM successfully conquers the robust supply area would signal a bullish confirmation for the mid-term, Probability facilitating a smooth journey toward our targeted major supply area.
💎 Conversely, if FTM encounters hurdles in breaking the supply area in the imminent future, there is a potential for a return to a downward trajectory. FTM might retreat, engaging in a retesting phase at the demand area of $0.262 - $0.248 to initiate a fresh breakout.
💎 The unfavorable scenario materializes if, during the retesting at the demand, FTM struggles to uphold its position and breaches the demand area. In such an event, FTM would revert to the subsequent lower demand area at $0.218. Here, FTM is presented with a final opportunity for a resurgence if it successfully reclaims the demand at $0.262. Failure to do so would extend FTM's downward trend, culminating in a return to the robust support area.
#FTMIn the lower times of H1 to H4, it is moving in a short-term ascending channel, and around the bottom of the channel, a divergence has occurred in MACD, which has also formed a corner pattern, which can have a short correction for the top of the channel until around the bottom of the channel. OK. In addition, the most important resistance to continue the upward path is the range of 48 cents, which with the break of the range of 48 cents will have the ability to continue the rise of the red box.
Brief Analysis——FTMAt the end of last week, we can see that the L1 and L2 block-chains took over the market’s eyes and saw further rises with the support of the inscription on the chain or the expectation of the Dencun upgrade. After the weekend, BTC once again failed in its attack on 44,000, and the market began to correct.
Today we take a look at the performance of FTM, the token of Fantom in this round of the bullish market and its current situation. Fantom is a block-chain focusing on the Defi field. Although it has not performed well in this bullish market, it is ahead of most other chains. In mid-2023, Multichain, the stablecoin issuer on FTM, had funding problems, which once dragged FTM down and fell sharply. Fortunately, Stargate's access even solves this potential risk. Perhaps without this unexpected incident, the rise of FTM would have further expanded.
Before analysis, let us first introduce the TSB (Trend Sentinel Barrier) indicator. This indicator is a trend indicator that uses a specific AI algorithm to calculate the accumulated long and short transaction volume, identify trend directions and opportunities, and calculate the short-term average cost based on the long and short hand changes in the multi-cycle trend, thereby more effectively seizing the trend. This indicator will give clear BUY and SELL signals, and the wavy area will provide support or resistance to the price movement, so that traders will not become paper hands due to callbacks during the rise (such as now).
At the daily level, we can see that both the decline started in May and the rise started in mid-October. The TSB indicator is always valid on FTM. The red and blue wavy areas always play the role of resistance or support in determining the direction. At present, FTM is far away from the wavy area on the daily level and continues to maintain the bullish trend.
Switching to the 4h level, you can find that the TSB indicator is still applicable. After the TSB indicator prompted a BUY signal in early December, FTM rose. You can see that although the FTM has experienced several large corrections on the candle chart, the TSB indicator has not exceeded the wavy area. The rally resumed shortly thereafter. FTM pulled back again this Monday and is in the wavy area on the TSB indicator. In this case, within the 4h level, the FTM uptrend has not been broken.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
FTM/USDT Bullish Movement from Demand Zone? 🚀FTM Analysis💎 Paradisers, let's take a closer look at #FTMUSDT, which is currently showing a compelling market behavior. After facing rejection from a supply zone,it is now setting up for a potential bullish continuation from a key demand zone.
💎 #Fantom is eyeing a bullish continuation from the demand zone at $0.4533. If it manages to sustain momentum above this level, we're likely to see a bullish trend develop. With continued upward movement, UPCOM:FTM target could be the significant supply zone at $0.880.
💎 However, the volatile nature of the crypto market requires readiness for different scenarios. If #FTM struggles to hold its ground within the $0.4533 demand zone, we might need to consider an alternate strategy.
💎This could mean anticipating a bullish recovery from a lower demand level at $0.3797. Yet, it’s important to remain cautious: a descent below this level might indicate a potential shift towards a bearish market direction. 🌴💰
FTM/USDT preparing for bullish move after retest?👀🚀 Fantom💎 Paradisers, let's focus on #FTMUSDT as it showcases a pivotal market movement. Recently, it has successfully breached a key resistance level, hinting at a possible bullish trajectory following a retest.
💎 #Fantom has impressively broken above the significant resistance at $0.5303. There’s optimism that it will revisit and retest this level, which could serve as a launchpad for a bullish move. Should UPCOM:FTM maintain its strength above this newly established support, it’s targeting the resistance levels of $0.6705 and potentially $0.9714.
💎 Yet, the crypto market is known for its volatility. It’s crucial to have a plan for various outcomes. If #FTM finds it challenging to sustain its position above this support, we may need to adjust our strategy. This could involve preparing for a bullish recovery from a lower support level at $0.4509. A break below this level could be indicative of a shift towards a bearish trend. 🌴💰
back to breakeven...? (FTM)❤️❤️Thanks for boosting 🚀 and supporting us!
📈wait for pollback to break of zone/
📊 (Buy) : 0.3725
🔴 Stop Loss : 0.3404
🎯 Take Profit : 0.3970 - 0.4409 - 0.4965 - 0.5285
🔗 For more communication with us, In the footnote and send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
$FTM Reached to 2nd Target & Ready To Attack The 3rdHi guys,
UPCOM:FTM was finally able to reach the 100WMA and by crossing this resistance level, it crossed 50 cents and touched our second target. Regarding the crossing of the 50 cents level, as I wrote earlier, if we see a weekly candlestick above $0.5 tomorrow night, we can expect the third target at the $0.64 level to be available soon. Also another important event is the formation of an intersection between the 100WMA and the 200WMA, which can easily throw UPCOM:FTM towards $1.
CRYPTOCAP:BTC has given investors rich profits since its last recorded low, and now there is an opportunity for "Smart Money" to flow into the top projects of the crypto market. After Solana's CRYPTOCAP:SOL and Avalanche's CRYPTOCAP:AVAX we all know about the high potential of Fantom's UPCOM:FTM and this has made us wait longer for the growth we expect from $FTM. But at the same time, we should not forget to save profits and not be greedy.
This is not a financial advice & do your own research.
Please "Like" & "Follow" if you want to see more of these ideas.
BJWise,
Goodluck
FTMUSDT.1DBased on the provided market data, FTM (Fantom) is currently trading at a price of 0.4911 USDT. The Relative Strength Index (RSI) values for the 4-hour, 1-day and 7-day timeframes are 74.48, 78.01, and 73.34 respectively. These RSI values indicate that FTM is currently in an overbought condition in all three timeframes. This could suggest a potential price correction in the near future.
The Moving Average Convergence Divergence (MACD) values for the 4-hour, 1-day, and 7-day timeframes are 0.0233, 0.0390, and 0.0253 respectively. The positive MACD indicates that the short-term momentum is greater than the long-term momentum, suggesting a bullish trend.
The Bollinger Bands (BB) for the 4-hour, 1-day, and 7-day timeframes are 0.5290, 0.4912, and 0.4640 respectively. The current price is close to the upper Bollinger Band in all three timeframes, indicating that the market is overextended and a price pullback might occur.
The support levels are at 0.3724, 0.2830, and 0.2357 for the 4-hour timeframe; 0.3940, 0.2798, and 0.2485 for the 1-day timeframe; and 0.2798, 0.1945, and 0.1740 for the 7-day timeframe. The resistance levels are at 0.5659, 0.6232, and 0.6510 for the 4-hour timeframe; 0.6512, 1.0310, and 1.4260 for the 1-day timeframe; and 0.6545, 1.091, and 1.4820 for the 7-day timeframe.
In conclusion, although FTM is currently in a bullish trend, the overbought condition suggests a possible price correction in the near future. Therefore, it might be wise to monitor the market closely and consider taking profits or setting stop-loss orders to protect your investment. As always, it's important to do your own research and consider your financial situation and risk tolerance before making investment decisions. Please note, this analysis is based on the technical indicators and does not consider any fundamental factors like news or events related to FTM.
A Trader's Perspective on the Formation of a Triangle PatternHello, friends! I want to share my forecast for the FTM coin in the cryptocurrency market. Recently, I noticed the formation of a triangle pattern on the weekly chart, and I believe that this could be an interesting signal.
My analysis suggests that there is a possibility of a pullback to the range of 0.24, where I plan to consider buying FTM for a long-term position. However, I want to emphasize that this is just my opinion and should not be taken as financial advice.
As a trader, I understand that making decisions in the cryptocurrency market requires thorough analysis and risk assessment. Therefore, before making any transactions, it is important to conduct your own research, consult with professional financial advisors, and evaluate the current market conditions.
Remember that the cryptocurrency market is highly volatile, and investments always come with risks. Be cautious and make decisions based on your own analysis and careful consideration.
I wish everyone successful trading and the ability to make well-informed investment decisions! Stay updated with the market, be prepared for changes, and never stop learning and growing as traders. Good luck!
FTM target 1.141D time frame
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FTM is creating a double bottom structure, which spends around 600 days so far. According to Fibonacci Extension, we can have final target for this structure. However, neckline 0.65 is the obvious resistance that might reject price to keep pumping firstly. Also, FTM is doing a potential Elliott impulse wave on lower time frame, that would provide momentum for FTM to get closer to neckline.
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TP: 1.14
SL: 0.2694