I'm going to study long term FTM. It is indeed one of the most robust projects when you look at on-chain data and wallet movements.
We see that the uptrend from 0.0017 USD has been broken and has received a bearish confirmation.
If we consider USD 0.0106 as strong support, we have reacted as both trend and 0.5 fib support.
But do not be in a hurry...
Everything depends on the Total Market Cap, which I published an analysis of earlier. If the market cap stabilizes above the red resistance (in the analysis I have published) and does not return below it, we can expect the FTM price to grow to ranges such as $0.91, $1 and also $4 and $10 in the longer term. If the market cap does not go according...
FTM; we MAY have hit a new range bottom
got my beady eye on this mofo
maybeeeeee range bottom here; looks very similar RSI pattern wise. would make quite a bit of sense to get some relief soon after all this bloodshed and misery that has been inflicted.
im quite hung over so thats it.
ps ; read Arthurs latest blog article. VERY good imo.
Volume profiles show resistance could not be broken
Rising Downward Velocity
MACD Signal Down
Weis Wave Volume decreasing
Over extended rising wedge break abt 75% vs 64%
Price Objective back to longer term trend line.
With stop below today’s candle, here is a quick trade, with target around previous high of around $0.41 USD. Seems ready to breakout.
Risk-Reward 2.25 to 1.
Use proper risk management when trading (Entry – Stop = 4% or less of Capital)
Not a recommendation.
Good luck to you.
Fantom is moving in an upward channel within the liquidity zone.
Trading volumes show uncertainty.
Price has tested 100MA as support.
FTM has moved into the bullish zone RSI (30m TF)
I expect the continuation of growth after fixing above the resistance level.
I feel like we're gonna consolidate in this big triangle. Which resistance line will be the top of the triangle? Perhaps one of those lines I drew. There's a methodology there, trust me.
Within the triangle, I see resistance at
$1.00 (or $1.10)
Fantom holds a strong support level.
TD Sequential - up reversal signal (30m, 1H and 4H TFs)
Price has exited the oversold zone of the RSI (30m and 1H TFs).
BB indicator - the asset is oversold (4H TFs)
I expect that FTM may retest the support level, but after fixing above it will start to bounce.
The following are machine translations:
In the 4-hour chart, it rebounded in the medium and long-term period, and the low point of the callback was gradually raised, forming an upward trend line, and this rebound was walking along the upward trend line. At present, a short-term downtrend line has also formed to suppress and step back. The medium and long-term...
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...