Fantom (FTMBTC) hit a low on May 2020 at 38 satoshis (0.00000038).
What followed was a very strong bullish wave that produced 1200%+ in growth.
The peak was hit in September 2020 and then we had a strong correction that ended in a higher low.
Early January the low was hit at 47 satoshis (0.00000047) and now prices are starting to grow.
We have all the same...
Hi there! As you can see on the chart we had first completed the Elliott impulse wave pattern (12345) and then completed Elliott Correction Wave (ABC). I expect FTM to go higher within the next week BUT only if BTC doesn't dump and at least goes sideways. Trade safe and DYODD.
38 c is now a very well tested floor and should hold with high degree of confidence. Expecting to see a move up to low to mid 40s, rejection, then tension building up on the down sloping resistance until an eventual breakout to 65 cents which represents at 55% return from here.
Here is the hourly ribbon just for a different glance.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
I haven't been posting in a while because the altcoin market has been very shaky with this volatile Bitcoin movement. That being said, it is time to buy on the satoshi dip - I see an interesting opportunity on FTM/BTC that is high risk, high reward. Right now it is sitting above a major support/resistance level that has been playing over the past month on the 1D...
4hr Chart is showing signs of reversal.
A squeeze is occurring on the 4hr chart, low volatility + squeeze indicates that FTM is going to choose to reverse or drop out.
The 4hr trend crossover occurring indicates that this will be most likely a move up.
the following fibs are potential short term targets.