FTM Fantom bounced from the strong support and it looks to aim higher.
But what is FTM?
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Looking forward to read...
On a four-hour time frame, the negative trend line is broken, and now there is a weakness in the trend and a negative divergence, and it can be prepared for a pullback to the trend line. Enter for $ 1.9 and $ 1.8 targets if it re-tested.
FTM is at the resistance of a triangle and the most important level to determine if it's going to be bullish or bearish. If a daily candle closes above 2.4488 the higher target at $12 is reachable. In another scenario if this level gets rejected the right shoulder of a head and shoulders pattern will be formed and in case of losing the support at $1.4 next...
💎 FTMUSDT on H4 has broken above the descending triangle and the major resistance. After the Pullback and retest successfully It is expected that the price continues the bullish move to TP1 at 1.7069
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 1.4881 - 1.2807
☕️ TP1 1.7069
🍺 TP2 2.0280
🍻 TP3 2.3576
🍾 TP4 2.6872
🍷 TP5 3.0000
🍸...
In my last FTM analysis i showed how ftm could have seen it's top and was due for a correction and it played out (even tho i wish it didn't) as a ABC correction wave.
In todays analysis I will be showing possible future moves for FTM.
While The ABC correction in the last analysis we did (linked below/Chart beneath this statement) was correct, it seems that was...
Static support of $ 0.9 to $ 1 is very important and I do not think we will miss it
But if we are going to reach the bottom of the canal for a long time ...
The head-to-shoulder pattern is created in which the right shoulder is probably at a point with the descending trend line
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If you have any questions, you can write it in comments below, and I will answer...
FTM is Fundamentally one of the best projects and Technically is in a good uptrend...
Long Term target of this project may be around $50...
Please Do Your Own Research(DYOR) before taking action...
Fantom (FTMBTC) is not to be outdone by the other big winners and has grown a massive 12,400% since January 2021, WOW!
The way the chart is looking now there is room for additional growth.
I am sharing these charts today in order to try and bring some awareness into the bigger picture.
We need to think long-term.
Plan long-term.
Trade long-term if we want to...
⏳ Spot
💎 FTMUSDT has just broken above the descending triangle. The retest has been successful and the price is moving up after the pullback. The first target would the first resistance
🌐 Tradingview
💵 Invest Only 5% of your Portfolio
🎳 Entry/Pullback now or from 2.4287 -2.1502
☕️ TP1 2.7725
🍺 TP2 3.2584
🍻 TP3 3.7147
🍾 TP4 1.81024
🍷 TP5 4.2000
🍸 TP6
🍹 TP7...
FTM 2H support is at ~$2.1
Enter 50% here
and try to set some buy orders near the support zone
If FTM holds above the trendline,
the Take-Profit target would be $2.31, $2.52, and $2.94
Cheers
daily buy signal confirmed.
i think ftm is going to out perform some of the other projects, since this is the last leg.
last legs usually end up in a blow off top scenario.
i'm willing to hold this as high as it's willing to go, moving my stops up as i go.
now that duck season is over, it's time for alt season.
wave 5 target = $7.2
