Since I tweet so much about BINANCE:FTMUSDT , I figured I would create a TV idea. Been tracking this for a while.
Expecting this to breakout to the upside and, IFF this market continues, I would expect FTM to end up with a >$1bil market cap. Specially when you consider this is one of Andre Cronje's masterpieces -- with a full DeFi suit, integrated with...
After watching the price action for a while, with the double top in play. I expect it to sell more, and fill the fvg(imbalance). although the 4hr +OB seem to be rejecting price strongly.
I still expect price to trade into the poi.
TP - 160.77%
SL - 3.22%
RRR - 1:49.88
FTM pulled a massive candle yesterday where it rose from the low price of $0.1 and went all the way up till $0.26 and retraced back towards $0.14 to form a weak support. As long as FTM stays above the support zone of $0.14, we could start seeing a move towards $0.16, $0.18, $0.20, $0.23, $0.26 and $0.36. Failure to hold the support at $0.14 could lead to a drop...
If FTM can break the resistance at $0.035, we could see a move towards the next resistance at $0.039. If it can clear both of these resistances and close candles above these resistance zones, we could start seeing an impulse towards $0.048 and $0.064. Failure to break the resistance could lead to a drop towards $0.029 and $0.026. Currently it is trading in between...
Fantom has had an impressive run in 2020. Per coingecko, it is up 948.2% from it's low of $0.00190227 in March. It's down ~64% off it's high of .055.
From the top, it's formed a falling wedge, bouncing off and staging a breakout. Volume has on the up since the bottom, and the trend and RSI are starting to shift.
Expecting it to reach that first .022 line before...
BUY FTM - at intermediate support w/bullish divergence. NO FOMO 1/4 position / if it drops lower into unfair lows -10% i would add another 1/4% etc until a full position size = 2 to 3% max of total crypto portfolio as this is an altcoin.
FTMUSD weekly seems to follow a Gann Fan pattern since the beginning of its Bullish movement.
It has been benefiting from a very good support of 2/1 and in the recent weeks from 1/1.
Right now it has touched 1/2. It may follow it's Bullish movement and go further to make a full Arc. However, as 1/2 is a heavy resistance point, a reversal of trend to 1/1 is...
* This is a personal analysis
* Someone else may analyse the market another way
** My mentor always said: "NEVER trust anybody else analysis, always do your own research/analysis"
*** Anyway, if you want to use it, then "USE IT ON YOUR OWN RESPONSIBILITY "
Happy Trading
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've started accumulating Fantom ( FTM) at 0.0067 till 0.006.
This is a DAG project like IOTA but with a better and far superior technology.
They are the second project besides Ethereum to take DEFI at such level
Smart contracts, fiat based currencies, insane tx/s, etc.
There isn't any TA in here except a Divergence, long term hold.
Like countless other crypto, Fantom has been banging along on the bottom for some time.
Now, it gets a 9 buy signal on the Demark indicator.
It's not the strongest signal as it wasn't properly confirmed but I think this should begin to grow from here
- Hoy dejo por aquí un análisis de FANTOM que he hecho basándome en uno de los esquemas de distribución y acumulación de el método Wyckoff.
- Actualmente creo que FANTOM se encuentra en un punto decisivo, donde parece haber encontrado un fuerte soporte en el rango de 0.01-0.009USD.
- El proyecto FANTOM ha avanzado mucho hasta la fecha actual, tiene muchos...
