Publishing this idea to keep track of the path BINANCE:FTMUSDT takes. Currently in a parabolic route, but considering the current market conditions, continuation seems unlikely.
Previous idea,
Sharing my Cryptos/Coins that are currently bullish and in my view the best ones to buy now for great profits
This is my second Crypto
Fantom
Fantom is in a triangle. triangle usually comes in at wave 4 or wave B
This could be a wave 4 and we should see new highs here
Like alot of other cryptos, it looks like Fantom is lagging behind, which is why I need to keep...
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
