the price got a rejection from the 0.618 Fibonacci level.
How to approach it?
IF the price is going to grab new liquidity below the local support, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
After FTM's large rally, we are beginning to see some exhaustion. We see we have a trendline that was old support now flipped into new resistance. We are currently at this trendline, so shorting from here with a stop loss above the last high may be a good risk/reward strategy. If we do get a selloff from theses levels we could see a retest of our lower support....
FTM has recorded very good growth in the last 24 hours. Its price, which was above the resistance level of $0.20 with increasing demand, continued to move upward yesterday and today. The next resistance levels that we can consider for FTM are in the range of $0.26 and $0.29-0.31. . Fantom is still bearish on the daily time frame, and the resistances it targets...
Just two days ago we looked at Fantom vs Tether (FTMUSDT) and would like an update as the chart looks really strong.
Previous trade idea | 28-Nov. Fantom Early Recovery | 100% Easy Potential Mapped
Fantom is already moving but this is only the beginning, more is on the way.
Today we have the 3D chart with an incredibly strong bullish bias.
First, we have...
After Andrei made an update on FTM, the price surged up to 30+%.
Currently, the price is at the 1st key level and a point of interest for me, we could see a rejection.
However, the trendline has been tested many times, the more it gets tested the weaker it gets.
This will break if the momentum is consistent. But alts are currently move according...
Let's see the price in up coming weeks, this could be the change of character. Something is cooking. TBH i kinda skeptic that we would see bull before we meet Q2 2024(BTC Halving). But you know, you still want keep an eye.
BABA ALWAYS RIGHT: FTM WILL GO DOWN TO 0.16 OR BELOW due to its curve as showing... very unstable... very bearish nature.... wavy curve not stable at all... overbought too much.... this will go quickly to 0.221 and below... there is a stability at 0.221 and we will see from there if it will go up...
sell sell sell...
not financial advice...
FTM's social and market activity is on the rise after Andre Cronje released an article highlighting the cash flow of FantomFDN in 2022
Fantom price today is $0.241135 with a 24 hour trading volume of 230 million dollar. FTM price is up 12% in the last 24 hours
Andre Cronje, a long serving figure in the DeFi space, says the Fantom blockchain project he advises is...
BABA ALWAYS RIGHT: FTM WILL DOWN TO 0.2 OR BELOW after reaching 0.24 (already reached).. unstable overbought.. very bearish... sudden break will happen...
dont buy ....sell sell sell..
not financial advice...
For this particular analysis on the Fantom token we are using the FTMUSDT symbol on the OKX exchange .
The idea is on the 1D time-frame where FTM has been trading within a Falling Wedge pattern since the May 23 2022 Lower High. Today it broke above the 1D MA50 (blue trend-line) for the first time since November 08 and that alone calls for...
Hello, dear traders. how are you ? Today we have a setup to SELL/SHORT the FTM symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
In order to understand this analysis I must explain The green ABC inside of the circle, the yellow 5 up below the A wave inside the circle. Also The red ABC down and the green B inside the circle. Also the Blue line & the triangle.
1st my HTF analysis is that FTM is inside of a bearish ABC up on the monthly TF. A zig zag on weekly TF will create the waves on the...
The inverse H&S or 3 drops pattern that I just mentioned on the Bitcoin chart has shown here on FTMUSDT.
After the 6-9 Nov. Drop, we have two more drops and then we see Fantom starting to recover.
The last drop happened earlier today and we already see this pair moving above EMA10 and EMA21.
The 100% mapped on this chart is just the easy target, there is room...
Welcome back to another episode with Analyst Aadil1000x and we are back with a new way of trading.
This is a trade of FTMusdt and in this trade, we will take Sell at a psychological round number.
The main reason to Sell FTM is that it's below the 200 D1 moving average indicator which shows its trending bearish and we will only take short entries...