Market Update - FTM looking better - Ethereum in DangerHi everyone,
this is a short video of our analysis and charts.
Given the circumstances, Bitcoin is rejected at 30,000 and does not seem ready to break higher:
Ethereum looks even worse:
whereas FTM is the chart we find more Bullish and promising at this very moment:
Keep in touch and keep your eyes and minds open for what is coming soon... it is HUGE!!
One Love,
the FXPROFESSOR
FTM
FTM/USDTHello, TradingView community and my subscribers, please if you like ideas do not forget to support them with your likes and comment, thank you so much and we will start.
Today I want to talk with you about FANTOM the chart.
Price came down to the support level.
FANTOM is a LONG position and we expect that level to hold.
Luna Vs Fantom (why FUSD is not a good idea)hello everyone,
over the last few weeks we have seen a crypto by the name of LUNA collapse, why? here's why and why fantom could follow LUNA
Luna first started crashing when its algorithmic stable coin UST lost its peg to the US dollar. how did it lose its peg? here's why: there was massive withdrawals from Anchor ( a terra based decentralized protocol that offers high yields. it is believed that this was a attack on the system that made UST and Luna collapse (death spiral)
now that we got that out of the way we have to look at the similarities between LUNA and FTM:
basics:
both coins are POS (this system uses validators that have a large portion of coins staked)
both have algorithmic stable coins (different from USDT that is backed by the US dollar) FUSD and UST are backed up by different things, like LUNA and FTM
TA:
looking at LUNA and FTM you can see that they have similarities, from the start:
LUNA:
FTM:
LUNA:
FTM:
LUNA:
FTM:
LUNA:
FTM:
LUNA:
FTM:
i think that FTM is following the same path as LUNA, if this is the case the estimated top is around June 26th, 2023 at a price of $6 (thats how long it took for LUNA to go from stage 3 bottom to stage 4 top)
FTM: Time to buy
What happened once may never happen again. But what happened twice will certainly happen a third time.
— Paulo Coelho
Good time to accumulate this coin. She might shoot next week.
In addition, the volume of trading increased sharply.
Of course, this is mainly sales volume, but the stronger the bowstring is pulled, the higher the arrow will fly.
Write your comments, like and subscribe to my profile.
Here I will share my ideas and experiences with you. As for the FTM, I would risk going into it for the whole cutlet, without stops and shoulders, but it’s still better to buy a few coins, so if you are afraid you can buy it by a third or one fifth, it will certainly grow even if it falls by 50 percent. as this is a strong project and ranks 52nd in terms of capitalization.
FTM.Usd (Y22.P2.E1). Relief rallyHi All,
#FTM #FANTOM top structure fits the Wyckoff distribution schematic and we are looking for this relief rally shorting. entrance.
To find the entry at the time, we need to keep an eye on a few charts.
a) BTC b) DXY c) SP500 & NASDAQ
For now, I see confluence for a strong resistance with the daily 200 EMA and the 618 fib level.
PS. FTM team looking to introduce the FUSD stable coin.
which probably gave it this strong bounce.
All the best.
S.SAri
FTM Double TopFTM shows a clear double top (bear formation), like other top alts ( in a more shy way). Others show also double top but last peak higher is than the first one (like BTC), but we should imho play safe and considerer double top the same.
Due to the delicate macro situation, pre war cenario, inflation, tax rates, sp500 double top, btc domination rise, and so on, I believe 99% of all crypto will go more downwards than up, during a long period of time: 12-18months.
I may be wrong of course.
Good luck.
FTM has a correction and is back in the support areaHello everyone, let's take a look at the FTM to USDT chart on the 1H interval. As you can see, the price is moving in the triangle marked with the blue lines.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 0.3772, if the support breaks down, the next ones are $ 0.3478 and $ 0.3247 and $ 0.2847.
Now let's move from the resistance line as you can see the first resistance is $ 0.4256, if you can break it the next resistance will be $ 0.4740 and $ 0.5349 and $ 0.6148.
Looking at the CHOP indicator, we can see that in the 1H interval we have exhausted energy.
FANTOM - Time to Rise (finally..?) FANTOM had to follow the market and the crash was as depressing as it gets. Then again good we had been short on other assets but Fantom was never in that category of ours.
Technically it is giving signs, promising ones, that it should rise to 0.50 or higher.
then again, the market is so unpredictable and we depend on what happens the US markets open in 1 hour.
Regardless, this is a LONG idea and for very good reasons.
one Love,
the FXPROFESSOR
$FTM/USDT 90m (#BinanceFutures)Falling broadening wedge breakoutFantom is pulling back to 50MA support and looks good for a bounce then a short-term recovery!
Current Price= 0.7531
Buy Entry= 0.7432 - 0.7050
Take Profit= 0.8346 | 0.9233 | 1.0164
Stop Loss= 0.6354
Risk/Reward= 1:1.25 | 1:2.25 | 1:3.3
Expected Profit= +15.26% | +27.51% | +40.37%
Possible Loss= -12.25%
Fib. Retracement= 0.559 | 0.786 | 1
Margin Leverage= 1x
Estimated Gain-time= 1 week
Tags: #FTM #FTMUSDT #Scaling #PoS #Staking #DAG #SC #EVM #Enterprise #DApp #DeFi #BSC #BC #SolEco
Website: fantom.foundation
Contracts:
#Mainnet
#ERC20 0x4e15361fd6b4bb609fa63c81a2be19d873717870
#BEP20 0xad29abb318791d579433d831ed122afeaf29dcfe
#BEP2 FTM-A64
#SPL 8gC27rQF4NEDYfyf5aS8ZmQJUum5gufowKGYRRba4ENN
#CELO 0x218c3c3d49d0e7b37aff0d8bb079de36ae61a4c0
Fantom/USDT quick analysis
Quick analysis regarding fantom.
In my opinion there will be a small bounce back in 1-2weeks, RSI oversold. Small correction is probable, (not over 0.53 price, resistance is strong there). After that we might see price go sideways for next couple months. (0.25-0.42 price range, there is really strong support in 0.25-0.26). I would keep an eye on BTC, if it hits new bottom of the year, we can get fantom cheaply (0.16-0.25 range). Which of course im hoping for, but because there is so strong support at 0.25-0.26 price range, it will be very hard to hit bottom below that.
Maybe there should be short term limit sell orders close to 0.285 as it is very probable, price will go below that, because there is no support on that range, next support seems to be 0.25-0.27 range. This enables to buy cheap, about 0.25 would be ideal, if there is fast correction and not big trend going down. If that happens, i would wait a bit, and watch if we can even go below 0.25, if so prices might be at 0.16 on lowest (very good price in my opinion:)
In short period of time, we might see a dip, not that much action, compared to couple previous days.
Good luck with your trades!