$FTM Look's like make a bullish pennant. big volume on support , close with bullish enqulfing on support line. Potensial breakout
Buy zone : 0.365 - 0.34
Target : 0.3817 - 0.3994 - 0.4348 - 0.4747 - 0.5233
Stop : 0.32
FANTOM Could be next to Pump.
Apart from the market's overall correction in April, Fantom ended up having extra reasons to suffer; named Cronje.
At this stage we see 99cents being the critical resistance which at least should be checked...and most likely breached over.
Let's see how the market does today and take it step by step but remember this: FANTOM...
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FTM has been droping for a while and it can drop even more. However with the low volume that is going on any trade is welcome. FTM is undervalued in the 1D chart and in the 4H chart so I am preety confident that in the short/mid term the coin will perform well. I don't think that...
While Ethereum struggles with high gas fees and the switch from pow to pos , Fantom is way more utile than ETH till they upgrade to ETH 2.0 maybe in 2023. For those who don't know about FANTOM here is a brief definition from cmc:
Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to...
Here is what I see that might be happening with fantom:
1) We are below the 200 ema, the ema ribbon, and the ichimoku cloud on the daily timeframe. Not a great sign, BUT we have managed to test the ema ribbon quite frequently during this downtrend, so we could very well break above it soon as the more often support/resistance is tested the more likely we are to...
We see support here and the market is attempting a rebound. Could this be FANTOM's time to shine again? Possibly!
Many first and second-generation blockchains like Bitcoin and Ethereum were not designed for scalability. They only prioritized security and decentralization. This resulted in slower transaction speeds in the network, especially when new nodes were...
FANTOM had failed to go any higher and yesterday the dip brought it below it's key support level, which is now resistance.
In our last post we had stated that it would need to ''Break the 1,40 and FLY!'' :
All this after the Cronje incident:
Regardless, FANTOM remains one of our favorite and yet more promising picks, so here we go with a new Long position on...
After reaching the bottom of the channel, the price reached the top of the channel with support and is breaking the channel upwards. If Pullback is successful in this range, it can be more likely to grow. If this pullback fails, the analysis will be updated.
Its not Buy or Sell SIGNAL
BY : Mohamad Teriz - @AtonicShark
A couple things:
1) In my previous post I mentioned we would likely come down to the green box and set a bottom, and drew the red arrow. I've adjusted the box to better fit the previous bottoms and tops set but even then we barely scraped the top of it.
2) We have managed to rally right back into resistance, as you can see with the red up trending zone of what...
As predicted $FTM did bounce from 0.382 fib level and has gone up 26% since. Do take profits along the way and I do expect this coin to come down in the short term and potential comeback down to the 0.382 fib level in which those who have not entered or bought this coin will have the opportunity to buy it back at a lower price.