FTMUSD trade ideas
FTM - The Fantom strikes again!Excellent Bullish price action, with recent pullback to support at .85 Fib, now attaching a hold level which lines up to the .5 fib area. Entry would be either be buy 1 Hold level and .75 fib and/or buy 2 hold level (.666 fib) as indicated on the chart.
Sell would be time resistance trend line or one of the given targets which ever is first.
Phantom Elliott wave projection My recommendation is based on Elliott wave analysis.
Buy at 0,3 with targets as resistance lines to scale out of your position.
Fantom Progress TrackerPublishing this idea to keep track of the path BINANCE:FTMUSDT takes. Currently in a parabolic route, but considering the current market conditions, continuation seems unlikely.
Previous idea,
CUP and handle on FTMUSDTbullish ascending triangle// looks like a big completing cup and handle in the works on the hourly timeframe
this one might run this weekend.
Cryptos on my bullish Trade List FANTOMSharing my Cryptos/Coins that are currently bullish and in my view the best ones to buy now for great profits
This is my second Crypto
Fantom
Fantom is in a triangle. triangle usually comes in at wave 4 or wave B
This could be a wave 4 and we should see new highs here
Like alot of other cryptos, it looks like Fantom is lagging behind, which is why I need to keep this one in my portfolio
FTM Forming Parabolic Base Since I tweet so much about BINANCE:FTMUSDT , I figured I would create a TV idea. Been tracking this for a while.
Expecting this to breakout to the upside and, IFF this market continues, I would expect FTM to end up with a >$1bil market cap. Specially when you consider this is one of Andre Cronje's masterpieces -- with a full DeFi suit, integrated with Ethereum. Final missing piece is some sort of vault integration with YFI.
FTMUSD; LONG After watching the price action for a while, with the double top in play. I expect it to sell more, and fill the fvg(imbalance). although the 4hr +OB seem to be rejecting price strongly.
I still expect price to trade into the poi.
TP - 160.77%
SL - 3.22%
RRR - 1:49.88
FTM - LONGChart speaks for itself, similar to $TOMO but seemingly better funded and working product suite
FTM - $0.36FTM pulled a massive candle yesterday where it rose from the low price of $0.1 and went all the way up till $0.26 and retraced back towards $0.14 to form a weak support. As long as FTM stays above the support zone of $0.14, we could start seeing a move towards $0.16, $0.18, $0.20, $0.23, $0.26 and $0.36. Failure to hold the support at $0.14 could lead to a drop towards $0.10, $0.07 and a final wick down towards $0.05 which is a strong support area.
FTM - Breakout or BreakdownIf FTM can break the resistance at $0.035, we could see a move towards the next resistance at $0.039. If it can clear both of these resistances and close candles above these resistance zones, we could start seeing an impulse towards $0.048 and $0.064. Failure to break the resistance could lead to a drop towards $0.029 and $0.026. Currently it is trading in between resistance and support. A trade should be taken when the price of FTM reaches one of the 2 zones.
FTMUSD Possible PathFantom has had an impressive run in 2020. Per coingecko, it is up 948.2% from it's low of $0.00190227 in March. It's down ~64% off it's high of .055.
From the top, it's formed a falling wedge, bouncing off and staging a breakout. Volume has on the up since the bottom, and the trend and RSI are starting to shift.
Expecting it to reach that first .022 line before retesting the diagonal and continuing. If it's able to form the right shoulder, it'd finish the inverse h&s, which would make the chart very bullish heading into an alts rally.
BUY FTM - at intermediate support w/bullish divergence. NO FOMOBUY FTM - at intermediate support w/bullish divergence. NO FOMO 1/4 position / if it drops lower into unfair lows -10% i would add another 1/4% etc until a full position size = 2 to 3% max of total crypto portfolio as this is an altcoin.
Fantom is less evasive. FTMUSDLooking mighty appetizing right about now. I believe this is a start to a new impulse. Wave 4 now.
FTMUSD weekly Gann FanFTMUSD weekly seems to follow a Gann Fan pattern since the beginning of its Bullish movement.
It has been benefiting from a very good support of 2/1 and in the recent weeks from 1/1.
Right now it has touched 1/2. It may follow it's Bullish movement and go further to make a full Arc. However, as 1/2 is a heavy resistance point, a reversal of trend to 1/1 is possible where it can get another good support to re-try 1/2 and complete the Arc.
If Reversal happens and 1/1 would not support it, then we can expect a very good support from 2/1 which indeed worked as a strong support since the beginning of the Bullish movement.
Lets wait and see.
>>Will be updated<<
Cryptocurrency is very volatile market so always have an strategy and risk management plan.
Happy Trading.
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JUST FOR EDUCATIONAL PURPOSE
FTMUSD 15min analysis* This is a personal analysis
* Someone else may analyse the market another way
** My mentor always said: "NEVER trust anybody else analysis, always do your own research/analysis"
*** Anyway, if you want to use it, then "USE IT ON YOUR OWN RESPONSIBILITY "
Happy Trading
