Simple chart analysis matching up lines on a long term trend. It seems that we are on the top of the rising wedge. Also 1D bearish divergence in sight (using RSI). I also took a look at the last top to bottom of the wedge and it seems about a 50% correction before going back up. I assumed about the same matching up some support structures for the upcoming...
Hi Traders,
Looking at FTM, its hit a major resistance with the following :
a) double top with big bearish div
b) fib extension of 1.618
c) indicators still have downward pressure
d) Weekly uptrend still there.
Note:
Macro channel
Weekly 20 MA
Top trend line
Bearish div on the daily and smaller time frames
wicks on the 4 hr candles.
BBand has confluence of...
$FTM
Killing it both on /USD & /BTC pairs
23% up on the 1D vs USD, testing ATH w/ increasing volume (UCTS bullish across the board)
/BTC pair also trying to break from almost a month sideways to the upside w/ increasing volume (still 30% away from ATH)
Looks promising!
#FTM
After breaking a downtrend and hitting a pullback, the Phantom is ready to move upwards and aim at the charts.
Currently, due to the increase in the bitcoin range and its movements, all altcoins will be affected by it. The analysis is just a series of probabilities.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
bake triangle pattern . still in progress .buying dip is main . even if it didnt broke the pattern still we will get profit . you can stake your bake which is a double win .
target - 1 : 3.1-3.18$
target -2 : ~~4$
target - 3: 5$ - 5.2$
target - 4 : 6 -6.15$
based on my TA FTM is in a primary uptrend,
in the secondary, I believe it will retrace to $2.5 levels before rallying back up to $4.5
entry points: $2.4-2.55
TP1: $3.44
TP2: $4.55
TP3: $6.1
TP4: $7.7
my SL for this trade would be: $1.92
what do you think of this trade?
I've been charting Bull Flags and pennants on this puppy for days! First Target: 0.000053 is on lock. Followed by 0.000055 as suggested by the Flag Breakout / measure of the Flag-Pole. Cheers Fantoms!
FTM seem to be very disciplined with the Bollinger band levels and the RSI. The tokenomics are also good. There is max supply of 3.175 billion FTM coins only. A Layer 1 solution with many great contracts/projects and govt deals seem to be a lucrative buy and a long term hold in my prospective. The transaction speed on the platform are very high due to the...
$FTM /USD
Just 15% away from a new ATH
Volume spiked yesterday, willing to see how it will go from here
Either retesting & flipping ~1.5$ area or straight volume toward new highs
#FTM
View on Crypto Fantom (22 Sept 2021)
Fantom (FTM) is in the swing back phase and it may post as good chance to collect FTM soon.
We see 0.80 will be a very good support region.
You may want to keep an eye on it!
Let's see.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" "Comment".
Thank You!
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