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Fantom FTMUSDT Price Analysis (1w)BINANCE:FTMUSDT is currently displaying resilience as it bounces back from the established support level at 0.17. This level has consistently deterred significant selling pressures, acting as a sturdy foundation in July 2021, November 2022, and October 2023. Notably, each time the price revisits this level, it triggers robust bullish movements — registering a remarkable +1833% surge in 2021, a substantial +250% increase in 2022, and a solid +130% uptrend in 2023. Despite encountering some resistance, the prevailing momentum suggests the potential for further upward movement in 2024. Noteworthy targets lie at key Fibonacci levels: 0.54, 0.77, and 1.10. For potential downsides, important support levels are identified at 0.34 and the aforementioned 0.17. Investors should remain vigilant, considering the historical strength exhibited at these levels and the promising performance of BINANCE:FTMUSDT in recent years.
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by Vestinda
1
FTM Fantom: Unveiling the Potential in a Ghostly Market!Hello Crypto Explorers! 👋 The FXProfessor here, diving into the spectral world of FTM Fantom. Let's decode the mysteries of this intriguing altcoin and chart a path through its ethereal market presence! FTM Fantom's Current Pulse: 📈 Ghostly Gains: FTM is showing a spirited performance in the crypto realm. 🎯 Target Locked: Aiming for phantasmic heights in our trading journey. Support and Resistance Levels: 🛑 Steady Support: Monitoring critical levels that underpin FTM's stability. 🚀 Ascending Further: Breaking key barriers could propel FTM to otherworldly gains. Tactical Trading Steps: 🕵️‍♂️ Focus on the immediate targets, navigating each spectral wave with precision. ⚖️ Balance your moves with a deep understanding of the ghostly market dynamics. Long-Term Vision: 🌠 Potential for supernatural returns as FTM challenges its spectral boundaries. 📊 Watch closely as we trace its ascent towards our long-awaited targets. Strategic Approach: 🌟 Combine patience with keen market analysis to master the Fantom realm. 📝 Adapt to the ghostly fluctuations of the FTM market. FXProfessor's Perspective: 🌐 FTM Fantom is more than just numbers; it's a digital enigma in the vast crypto universe. 👀 Stay tuned for continuous insights as we journey through Fantom's enigmatic path. Trade with foresight, embrace the crypto mysteries, and let’s unravel the secrets of Fantom together! 💙 One Love, The FXProfessor 💙 Remember not to FOMO..Just follow the levels
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by FX_Professor
$FTM of Fantom Easily Reached To 1st TargetHi Friends After breaking through the 50WMA resistance, Fantom ecosystem's valuable cryptocurrency, UPCOM:FTM , easily reached the first target and reached above the $0.4 level. Currently, 100WMA at the level of $0.5 is still considered the main resistance of UPCOM:FTM before reaching the important level of $1. Therefore, if UPCOM:FTM can cross the 100WMA and register a weekly candle above the $0.5 level, the 3rd target and higher targets will be easily available before reaching $1. More than 30% net profit has been made since my last update. Don't forget to save profit, avoid greed and do your own research. "Like" & "Follow" if you want to see more of these ideas. BJWise, Goodluck
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by BJWiseReal
FTM/USDT Assessing Bullish Breakout Potential?👀 🚀Fantom💎 Paradisers, turn your attention to #FTMUSDT as it presents an intriguing trading scenario. Currently positioned in a demand zone and having recently executed a Break of Structure (BOS), FTM is showing a strong likelihood of breaking above resistance and initiating a significant bullish movement. 💎 Reflecting on #Fantom market behavior, it has been adhering to a descending trajectory. Presently, it is approaching a critical resistance level at .4428. If the price respects this level, we might witness a pullback to the BOS level. However, a successful breakout could lead to a vigorous bullish rally, aiming to overcome a higher resistance level at $.6599. 💎 However, it's crucial to stay grounded in the volatile crypto market. #FTM traders should be prepared for multiple outcomes. If it faces challenges in breaching the resistance zone and loses momentum, shifting focus to a recovery strategy from the support level of $.2855 becomes essential. 💎 A decline below this support level would necessitate a strategic shift. This development would call for a reevaluation of the bullish perspective and an adjustment of trading strategies to adapt to new market conditions. 🌴💰
BINANCE:FTMUSDLong
by MyCryptoParadise_Simon
1
🔄 FTM/USDT: Accumulation Phase Underway 🔄Overview: The FTM/USDT pair appears to be entering an accumulation phase, suggesting a period of consolidation before potential future movements. Let's delve into the critical technical and fundamental aspects driving this analysis. Technical Analysis: Support and Resistance: The price is currently consolidating around the key support level , indicating an accumulation pattern. Volume Analysis: Observe declining trading volumes, a common characteristic of accumulation phases. Divergence Indicators: RSI and MACD may show divergence or flat patterns, supporting the notion of consolidation. Fundamental Considerations: Market Sentiment: With a broader market that may lack clear trends, FTM/USDT is in a position of accumulation, awaiting a catalyst. Developmental Updates: Keep an eye on Fantom's project developments, as they may act as a catalyst for price movements. Trade Strategy: Exercise caution during accumulation phases. Consider the following: Accumulate Range Hold Time: Medium to long-term Risk Management: Use a conservative stop-loss strategy to protect against unexpected breakdowns. This analysis is for educational purposes only and not financial advice. Conduct thorough research and consider your risk tolerance before making any trading decisions. 👉 Like and follow for further updates on FTM/USDT!
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by ND_Capital
1
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