cup n handlecup and handle spotted on the FTM chart. we're about to go parabolic --- unless BTC pushes us back down
FTMUSD trade ideas
Pivot Yearly predictions for FTM using hidden pivotsThis is a very basic but powerful trading idea published as part of my Crypto market analysis for 2022.
It demonstrates the earning potential, predicted by Traditional Yearly Pivots.
On top of that, it uses my Hidden Pivots Indicator that is plotting additional levels of pivots from the R6-R10 and Support Pivots (If calculation allows it, as in many cases it won't) from S6-S10.
The Indicator plots automatically on each time frame.
You can have a look at it here:
And a deeper explanation of it here:
medium.com
In the case of $FTMUSD, you can see the four scenarios on the chart:
1.Likely in case of bear year - Downside to the S1.
2. Likely in case of bull year - Upside to the R1.
3. Likely on as very bullish cycle - Upside to the R5.
4. Likely on a bananas rocket to the moon year - Upside R10 and beyond.
For the whole long read and analysis on the pivot side of the crypto market 2022, see here:
rotzeod.medium.com
FTM zig-zag to $4.5 by end Jan?Possible FTM pathway on 4H chart for price to zig-zag to $4.5 by end Jan 22.
long FTM short SOLFTM good, SOL less good
The rest of this description is because Trading View is making me post a longer description. You can figure this one out yourself or ping me
FTM to 7$Some fantom hopium for you FTM anonz out there. Doesn't make sense to stay below 20 billion mcap.
FTMUSDT Many good news about FTM coming this Q1
Once we break the level, FTM should have a $20b market cap and with a price of $8 range
FTMUSD approaching resistance testFTMUSD needs to clear this resistance trend line or the next swing would be large. Given the range volatility of fantom, and if this wedge I've drawn is in play, the next swing would take us down around 40%. However, network adoption for Opera is skyrocketing. It passed $AVAX recently. The fundamentals so bull. All that being said, I'm very long on FTM.
#Fantom (#FTM) all time high next door - looking strong.Fantom (FTM) all time high next door - looking strong.
The last breakout is confirmed on RSI and OBV as well - very nice.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
FTM continuationffantom comfirmed breakout and retest blowing past TP 1 - 2.66
looks ready to flip it, i expect a tap of 2.8 to show signs of resistance.
2.66-2.7 could be entries but risky with better alts on the table
$FTMA beautiful retest of the neckline of the inverse heads and shoulders on $FTM. If you scale down to the 4hr chart, you'd see that price has formed a potential double bottom. I see the price reaching $3.61 soon. However, note that there's a lot of resistance ahead starting at $2.66
FTMUSD 2 timeframe analysisThis heikin ashi candle looks like the highlighted callout on LTF (2H). While the 2H pattern is absolutely a double bottom, I'm hesitant to use patterns on timeframes below days. If the BTCUSD support bounce doesn't hold, FTM will turn back around and continue the larger scale higher time frame consolidation.
On-chain indicators show alot of promise that we are near the bottom, but leverage has built up massively and could set us up for another liquidation cascade if we bounce off resistance. If so, FTM will take a proportionately larger hit.
Bearish. FTM USD chart looks like it is forming a head and shoulder's on the daily chart. If bitcoin decides to drop, it drags alts down with it. Bitcoin has a decision to make in the next upcoming days to determine if an uptrend is still valid therefore the market reverses up, otherwise we could see downside. The dollar is pushing up since the feds are going to raise interest rates to fight inflation. The market sentiment is bearish as well, but this can change in a heart beat so it is not a major factor. Finally I remain bearish untill bitcoin closes above 53k and FTM closes above 2.66.
FTMUSD long termTHIS is a long term consolidation pattern. If true, more pain ahead. I'm long now, but if we push down I'm going to wait until we reach $1.60, then fill my bags so freakin full oh lawd. Don't get me wrong. I very much want this to be wrong, as I'm deeply invested in $FTM, but I'll take the opportunity. Based on these cyclic lines I've plotted, this pattern could play out by end of January. This is also if FTM decouples from the rest of market, as it did when it ran the last bull run.
FTM Long ~1.9-1.8
FTM looking very strong, I expect this downward trend to continue for a bit. FTM had one hell of a rally previously, its realistic to have a cooldown.
FTM Short - Added more to position, but not other shorts. In my previous few ideas I entered short into FTM, today I have added further to this position.
I am also short AVAX and LUNA. But why haven't I added more short to those 2 but I have to FTM? FTM still looks like it has 10-15% drop to horizontal support and even further to major trendline support. AVAX is at a confluence of levels and LUNA is quite close to major support. So overall I'm adding to the position that has the best risk to reward for a) taking profit and b)not getting stopped out.
The aim of the game with shorts is to be safe, critical of entry and exits, and to not will the market to do something. Take the profit that is given and be patient. If you exit short, that should indicate your long entry.
FTM breaking to the downside!Here we go $FTM lovers!
Unfortunately FTM formed a bearish flag and broke out of it to the downside and this suggests even more downside, especially as the whole market is very weak, and macroeconomic context is not too bright.
Bearish elements that are coming together:
1/ We have a lower high
2/ The rejection happened at the EMA
3) We have a bearish flag which broke to the downside
3) RSI is moving to the downside looking for a new low.
The best case scenario would be that we get a bullish divergence around 2$ followed by a impulsive move up.
FTM - Portfolio value saviour - Andre Cronje to the rescueFTM - Portfolio value saviour - Andre Cronje to the rescue
The supporting smaller cap project to buy alongside this is BOO, or you could also take a riskier bet (imo) on SCREAM the lending platform for FTM. Both have good TVL/market cap ratios.
Don't worry Andre will save us.
Lets see how this fractal goes. Very similar (identical) momentum structure; look back to aug 21 to see where this fractal comes from.
Please note the altcoin market cap chart is lookin pretty fuckin dicey right now so I'd be careful overall.
Good luck to us all. God speed.
