FTM broke out of the bull flag, done its retest, and currently bouncing back.
I am entering long on this coin.
Entry: $2.31 to $2.35
Stop Loss: $2.12
Targets:
$2.46
$2.56
$2.67
$2.79
$2.88
$3.05
$3.12
I am expecting a 30% to 35% rally from here.
Notes in the chart about Fantom. I personally feel a drop is coming. Conference is coming up and price is reflecting the momentum it seems. Bearish divergence and parabolic curve in process. This upside is not sustainable. It needs to cool down. I noted two price points which take into account support areas as well as VPVR.
HIT THE LIKE AND COMMENT BELOW PLEASE....
Ftm is crazy move! Going for 10$ long term
I hope you didn’t missed the breakout! We do quality over quantity great research on swing ideas.
Falls In our research on swing set ups with a good ratio of Risk and Reward.
As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Check my recent...
as you see the bulls are a bit tired and we have a bearish divergence with downtrend RSI (we may have not a pullback to curent level) so Im going to short it!
+ i dont have a good feeling about BTC right now :)
Leave me comment and tell me what you think about this idea!
(consider i am a beginer trader)
thanks!
We see support at 2,85 now (our third target that was reached) and is now support to probably be checked and next level to take more profit at 4$
Previously:
we had called Fantom a 'Good way to buy the dip'
Called the correction perfectly here
and gave a new entry here
If only every chart could be SO good to us like Fantom...
Let's go higher now...
Around a week ago I made an analysis on FTM. Here I argued that FTM was trading in an ascending wedge pattern, which is classically a bearish reversal pattern. Furthermore, I noted that the path of least resistance would be for FTM to break through the top resistance and make it's way to $3.
With FTM seeing some incredible bullish volatility over the last few...
FTM looks solid, and is about to hit an all tie high price. this will be enough momentum to push it up to the $3 range.
Only thing stopping it, is what will BTC do? If it falls flat again, Alts go with it.
------------- Chart in the Shared idea -------------
A possibility, What do you think?
FTMUSDT reaches $2.94 and drops to $1.9.
Considering Coinbase listing is true(30.10):
End of Month possibility: $1.9-$2.0
Making a SHORT option on $2.94 - TP $2.050
Buying dip at $2.050 TP $3.2
Hi there
how you doin fam?
lets check ftm project and chart
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction...
Technically speaking and in personally speaking, I think it's to late to join the part unless you find some lower time frame entry and scalp, but if we do get a retracement then two possible lines of support could be at 2.3358 and the further one out would be 1.6583.
1st TP has already been hit.
2nd TP at around 2.0279.
I don't usually support and resistance...
Just noticed this pattern minutes before breakout...
There is a Cup and Handle pattern in the Fantom 15min chart.
And IF you go down to the 5min chart, you would see another Cup &Handle in the larger time frame handle.
Just as I was drawing it out, Fantom broke out and rocketed.
Halfway to larger C&H target!
Fantom ($FTM) New FIB: $FTM MACD remains BULL-ish and the RSI has good strength trading in the upper region. $FTM may continue to trade sideways before its next leg up. $FTM Social Metrics are on the rise
A beautiful moon-shape arc for Fantom - FTM.
Targets are as shown, $10 late December and $40 late January, according to the arc it could overshoot to around $100.
This is not financial advice, I'm just an amateur and this is just for interest sake.
