Direction
Long
Published
October 10, 2024
Status
Token
FTM
Trigger
Support/Resistance
Updated
About + Tokenomics
CoinMarketCap Rank | 42 |
Market Cap | 1.92B |
Volume 24h | 258M |
Total Supply | 3.17B |
Circulating Supply | 2.8B |
Chain | Fantom |
Chart Analysis
Our latest FTM trade was massively successful. Therefore, I thought it would be wise to take another look at the chart. And indeed, FTM is currently gearing up for the next big move.
Right now, the token consolidates below a significant resistance at $0.71. However, if FTM can break through this level and stick to the landing, we should see a strong move toward the $1-level.
Technical Indicators
- MACD: Bearish 🔴
- RSI: Neutral 🟢
- VMA: Neutral 🔵
- Triple EMA: Price trades above all EMAs 🟢
- ADX: 44, indicating a strong trend 🟢
Chart
Trade Setup
- Entry: Break above the resistance at 0.71 and confirmation.
- Target: I would go for a target slightly below $1 — for example, 0.94. This would result in a proper 31% trade.
- Stop Loss: Slightly below the 0.7 level.