💎Technical Analysis Summary💎
-Fantom broke the key level of support last Oct 16
-A Bearish candle closes below the support area
-This past two days, the price is testing the previous consolidation area
-If this level turns out to a new resistance area
-It will trigger a Bearish bias on market structure
-The price could go back to 180s sat...
💎Technical Analysis Summary💎
-Fantom touches the key area of support
-The price is reacting to the area and we can see a green candle
-The Bulls are trying to push the price above the support area
-This is a good sign in the short term
-But 1 candle is not enough to reverse the trend
-Let's observe for a few days and see how the market...
We are testing an Uptrend line for this asset, which is bullish in my opinion.
If we close today's candle above that support will give power to the bulls control the price of this asset and continue the uptrend movement.
I took a position at the bottom of this falling wedge, confluent with pivot s1 and the 786 retracement. Targeting the VAH of the current trading range.
Let's see how this one plays out.
Keep it simple, manage your risk, and don't get rekt.
//Disclaimer: This is not financial advice.
Buying around 0.00000371 - 0.00000317
Targets around 0.00000426 - 0.0000048
Breakout of 0.000003, the price may fall below
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Waiting for your comment, what do you think about this?
Sell on 1 hour chart
Buy on 7h chart
Buy on 1 day chart
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-Fantom tested the 50D MA last Sep 5 and we saw a strong bounce
-This time around, it is likely to test the upward trendline of support
-If FTM holds this area, we might see an upside move up to 352 sat
-But if the support trendline failed, The next potential support is at 209 sat
-Please always follow your trading plan
^Trading involves High...
Buy 3 and moon signal say we can buy. Here is my analysis:
1. We can buy when risk/reward ratio is greater than 2, we can buy at 2satoshi
2. We can buy at support = 1.31satoshi
3. We can buy when resistance turns to support (1D open & close above resistance) = 4satoshi
Since there is an existing sell2 signal, either sell 3 or hell signal is required for sell...
When looking at the chart
We see a bullish trend
(A bullish trend always starts
After a new bottom
And sideway movement on the daily candles)
We see a start The uptrend from point (B)
And in point (c)
We see a false break
To take out the small fish
However, the chart does not lie
When we look at point (c)
We see Strong bullish candles
The action of FANTOM is extraordinaly bullish at the moment.
Where will it stop ? is anyones guess !
We could shot up to 562 satoshi in a few days....
My guess is that we will consolidate below 400 satoshi for a certain time before trending higher (but I could be wrong).
RSI is a little overheated on a weekly time frame.
That is why I lightened up on my position a...
One of the most profitable coins in the last weeks / months !!
UP 100% in the last 20 days !
We are aboard since 65 satoshi on June 12 !
Phantastic ride so far ...
... and we are approaching "THIN ZONE" on a volume by price basis.
Above 450 satoshi will will make ATH on a satoshi basis (relativ to Bitcoin) !!!
Massiv C&H formation forming.
I sold 25% of my...
Fantom has finally broken out of the resistance zone of around 300 sats and is competing the retest for a flip of resistance/support. It is then entering uncharted territory. I initially expect and hope it to reach 2000 sats and be in the Top-50 with a 500M market cap. Maybe I am being very modest here.