FTMUSD (1H Timeframe)
Waiting for the downward break of 0.396 support level which will complete a bearish trend reversal pattern to go SHORT. Only the upward break of 0.437 would cancel the bearish scenario.
Stop loss: 0.437
Take profit 1: 0.372
Take profit 2: 0.334
Strategy: Bearish reversal
over the last few weeks we have seen a crypto by the name of LUNA collapse, why? here's why and why fantom could follow LUNA
Luna first started crashing when its algorithmic stable coin UST lost its peg to the US dollar. how did it lose its peg? here's why: there was massive withdrawals from Anchor ( a terra based decentralized protocol that...
The FTM has exited the upward channel.
Price has consolidated above the 100MA on the 4H Timeframe.
The 100MA broke above the 200MA on the 1H Timeframe.
Trading volumes are expressing interest in the rise of the coin.
I expect that after the correction the price may test the resistance level. If Fantom will consolidate above the resistance level, growth...
The price of fantom against the US dollar in the last two sessions reaches a maximum in the area of 0.4607 usd, which represents a rise of approximately 28%, the price was forming a kind of triangle, when these figures are normally given they are for impulses and that benefits buyers, from a structural point of view it favors purchases in the breakout zone of...
This analysis for FTM was done at the request of one of our members. I was actually quite Bullish on this crypto last year long before the leader left and chaos ensued.
So where is price headed?
- To be brutally honest... This is one of the worst charts that I've seen in a while. I can't find a single Bullish indicator anywhere on the chart. I...
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 speed, which developers say they...
After falling 16% FTM jabbed at the support level, where the level below was sharply redeemed.
Volatility began to decline.
I expect that with further decrease in volatility and price fixation above the support level we can correct to resistance levels.
The following are machine translations:
In the 4-hour chart, after the rebound, the shock was supported at 0.3. At present, it broke through the downtrend line and rose, and continued to be bullish, with the upper resistance at 0.6. The operation has stabilized and stabilized on the last step.
FTM is trading within these descending parallel channel. Monitor for YELLOW trend breakout.
FTM nearly reset the entire hype phase returning to it's lowest levels. Now FTM can recover and deliver on the programs fundamentals.
Once $1 clears, this will be explosive.
Crypto is struggling to break through key areas to flip the sentiment to bullish.
I follow what I can see on the charts and not the noise (hype) on platforms such as twitter and YouTube. (seeing is believing)
Bearish conditions means bearish confluences and we saw this on FTM a couple of days ago,
we had break of support and retest on the 25/04/2022