FTM/USDT crossed the trendline and main resistance with enough volume, keep an eye on it pullback entry is still valid
medium-long term trade
RR : 1.90
🔴 Please do your own research and understand the risk before you open a position
TA suggests this is about explode.
Market-wise - Medium caps run next, the fuly diluted Mcap of FTM is $2.7 billion.
FA - It's fundementals are strong.
A conservative estimate is shown at around a dollar.
FTMUSDT - It is in 3rd of 5th wave up and expecting now to gain the momentum. The invalidation level is 0.38489 and target would be above 1.1.
Give a thumbs up if you really like the Elliott wave analysis.
We are going to see some big bullish candles in FTMUSD.
The target @1.4 is the 1:1 of the first retracement after the previous high. This target will give 220% gain of the investment and price can go high to 1:2 of it's size.
Don't forget to hit he like button and follow to stay connected
FTM is looking bullish - since breaking out of this massive falling wedge formation market has been moving sideways re accumulating in this channel, a big move is going to come soon, i am waiting for entry rules to be met before taking a nice long
Fantom is an interesting cyrpto project which is slowly gaining traction! Many cryptos are seeing impressive gains - there is a high probability we see fantom back to previous highs, if not higher!
What do you guys think of fantom?
Hi every one
FANTOM / TETHERUS
FTM/USDT is in a pretty interesting situation! in two days time frame there is a bullish flag with Hidden bullish divergence (+HD) on Both MACD and RSI. also the upward break out is about to happen .if the break out happens the price can reach around 1.09$ easily!
but for smaller time frame like daily ,we can spot a reversed head...
God bless triangles, wolves🔥
There is a Symmetrical triangle formation on FTM/USDT crypto pair.
Previous bullish trend was broken and price started to fall.
According to Elliott Waves theory Wave D is done and now price is heading to Wave E.
However price may break the level earlier.
That's why follow the chart and look for the breakout carefully....
Put together a quick analysis based on what I see on the chart.
FTM's been doing well so far this year, but since its last impulse it entered a long consolidation phase. We managed to bottom out at 0.29$ and been making higher lows since then, so we have had a clean trend reversal, building momentum. On top of that we have exited that first triangle...
After deeply analyzing FTM's market behavior I came across a notable similarity from its previous consolidation.
Fib. levels from the current consolidation are almost identically crossed, resisted, and supported by the previous consolidation's fib levels. Hence, I decided to retrace the market movements from both consolidations which both represent their actual...