After a longer-term downtrend, I expect a strong bounce from the weekly hold level - 0.96. It seems that we are targeting our base of a range, which give us great opportunity to buy Fantom.
FIRST ENTRY - 0.96 - 0.98
SECOND ENTRY 0.76900
SL - 1W CANDLE CLOSE UNDER 0.76
TARGETS : 1.18
GOOD LUCK !
TRADE ON YOUR OWN RISK, USE CORRECT POSITION SIZING.
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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...
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...
FANTOM has had it's correction but support has now worked twice so let's look at 3 doable targets for the price, between now and June.
1,40 - 1,70 and 1,88 is what our chart shows but then again there is no guarantee for anything; this is just our chart here.
We will need to see Bitcoin rise for all these to happen and it looks possible today: look at our BTC...
It's time to buy the dip! Over the past few years, every time $FTM has always retraced back to the 0.382 level before bouncing back up. The 0.382 fib level seems to always be the price retracement level in which a huge bounce a price action would take place therefore this could potentially be a good area to buy in or swing trade this coin. I am reposting this due...
FANTOM is one of the famous projects with high volume of exchanges in the cryptocurrency market.
With the improvement of our network, we will soon see its emotional rise and we will see the range of $ 5.
The previous analysis is still valid If the triangle pattern breaks down and a pullback occurs, the phantom can fall to the balance area. Important note: The red line (tenkensen) should come above the candlesticks and play the role of resistance
If the green trend line breaks and a pullback occurs, we can expect a drop to touch imbalance at $ 1.48.
Important:The red line in Ichimoku (tenkensen) should also go above the candlesticks and play a resistance role.
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Not a financial advice🙅🏼♂️
In my last idea on Fantom, I made a forecast for Ftm to rise by 65% to 1.74 where I also gave an update to change the profit targets from $1.74 to $1.50, $1.52, $1.54 and $1.55 here
Price hit all profit target.
For those that took the trade, congratulations on the...