{"id":663540,"date":"2024-12-18T00:00:59","date_gmt":"2024-12-18T00:00:59","guid":{"rendered":"https:\/\/ktsl888.com\/?p=663540"},"modified":"2024-12-17T10:05:03","modified_gmt":"2024-12-17T10:05:03","slug":"fantom-breakout-above-1-trend","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/fantom\/fantom-breakout-above-1-trend\/","title":{"rendered":"Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend"},"content":{"rendered":"

A crypto analyst on TradingView, known as \u2018Tradecitypro,\u2019 has published a detailed Fantom (FTM) <\/span>report<\/span><\/a>, breaking down the cryptocurrency\u2019s price action across the daily and 4-hour timeframe. After accurately predicting Fantom\u2018s surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for <\/span>FTM\u2019s next parabolic trend<\/span><\/a>.\u00a0<\/span><\/p>\n

Fantom Daily Timeframe: Signs Of Trend Weakness<\/h2>\n

After correctly forecasting <\/span>FTM\u2019s price breakout<\/span><\/a> at $0.84, the TradingView analyst has revealed that the cryptocurrency is now following a parabolic uptrend, supported by a curved ascending trendline. According to the analyst, Fantom’s price has reacted multiple times to this distinctive trendline, <\/span>ending price corrections<\/span><\/a> and resuming its upward momentum.\u00a0\u00a0<\/span><\/p>\n

During the last bullish surge during <\/span>Fantom\u2019s uptrend<\/span><\/a>, the cryptocurrency broke past the 0.7707 resistance and rose to the weekly resistance zone at 1.1116, where it stabilized above that level. Moreover, several indicators suggest that FTM may be slowing down and losing momentum. Its candle sizes have been gradually shrinking, indicating reduced bullish activity. Additionally, price corrections have intensified, signaling increased selling pressures and <\/span>potential profit-taking<\/span><\/a>.<\/span><\/p>\n

\"Fantom
Source: TradingView<\/figcaption><\/figure>\n

Fantom\u2019s trading volume has also declined, suggesting that traders’ interests might shift. Another technical indicator that is currently bearish is the <\/span>Relative Strength Index (RSI),<\/span><\/a> which is showing signs of divergence, signaling a potential reversal of the price of FTM drops below 55.74 on the RSI.\u00a0<\/span><\/p>\n

Looking ahead, the TradingView analyst has revealed that a notable sign of sharp bullish trends and pre-pump movements is when a cryptocurrency exhibits weakness and a potential for a price reversal. If the current bearish trend for Fantom continues, the analyst has set the first minor resistance level at 1.6218.\u00a0<\/span><\/p>\n

Additionally, if FTM can maintain a stable price above this zone, its next and strongest resistance could be at 3.2506. This resistance zone is near FTM\u2019s all-time high of $3.46, representing a significant supply region.<\/span><\/p>\n

On the other hand, if FTM experiences a price correction, it would likely drop to the first support at the curved trendline. If the trendline is broken, the next price levels to watch are 1.1116 and 0.7707. A sustained price decline below 0.7707 would invalidate the previous <\/span>bullish scenario for Fantom<\/span><\/a>, potentially pushing the price further down to between 0.5349 and 0.2928.\u00a0<\/span><\/p>\n

4-Hour Timeframe: Ascending Channel And Potential Breakouts<\/h2>\n

In the 4-hour timeframe, the TradingView analyst revealed that Fantom is currently moving within an <\/span>Ascending Channel<\/span><\/a>. The cryptocurrency’s price is interacting with the midline of the channel, providing temporary support.\u00a0<\/span><\/p>\n

\"Fantom
Source: TradingView<\/figcaption><\/figure>\n

The analyst has revealed that no significant moves will be expected if Fantom remains within this Ascending channel. However, if the cryptocurrency can break out, it could lead to two potential scenarios: the start of a new parabolic trend or a trend exhaustion due to a loss in bullish momentum.<\/span><\/p>\n

The TradingView analyst has identified the price level at 1.636 as Fantom’s next static resistance. However, if <\/span>FTM’s price<\/span><\/a> has not yet reached this zone, the analyst suggests a safer strategy of taking long positions based on Dow Theory and channel breakouts.<\/span><\/p>\n

\"Fantom
FTM bulls still maintaining control | Source: FTMUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n

\u00a0<\/span><\/p>\n

Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

A crypto analyst on TradingView, known as \u2018Tradecitypro,\u2019 has published a detailed Fantom (FTM) report, breaking down the cryptocurrency\u2019s price action across the daily and 4-hour timeframe. After accurately predicting Fantom\u2018s surge above $1, the analyst highlights key price levels, market trends, potential price movements, and bullish technical indicators for FTM\u2019s next parabolic trend.\u00a0 Fantom Daily Timeframe: Signs Of Trend Weakness After correctly forecasting FTM\u2019s price breakout at $0.84, the TradingView analyst has revealed that the cryptocurrency is now following a parabolic uptrend, supported by a curved ascending trendline. According to the analyst, Fantom’s price has reacted multiple times to this distinctive trendline, ending price corrections and resuming its upward momentum.\u00a0\u00a0 During the last bullish surge during Fantom\u2019s uptrend, the cryptocurrency broke past the 0.7707 resistance and rose to the weekly resistance zone at 1.1116, where it stabilized above that level. Moreover, several indicators suggest that FTM may be slowing down and losing momentum. Its candle sizes have been gradually shrinking, indicating reduced bullish activity. Additionally, price corrections have intensified, signaling increased selling pressures and potential profit-taking. Fantom\u2019s trading volume has also declined, suggesting that traders’ interests might shift. Another technical indicator that is currently bearish is the Relative Strength Index (RSI), which is showing signs of divergence, signaling a potential reversal of the price of FTM drops below 55.74 on the RSI.\u00a0 Looking ahead, the TradingView analyst has revealed that a notable sign of sharp bullish trends and pre-pump movements is when a cryptocurrency exhibits weakness and a potential for a price reversal. If the current bearish trend for Fantom continues, the analyst has set the first minor resistance level at 1.6218.\u00a0 Additionally, if FTM can maintain a stable price above this zone, its next and strongest resistance could be at 3.2506. This resistance zone is near FTM\u2019s all-time high of $3.46, representing a significant supply region. On the other hand, if FTM experiences a price correction, it would likely drop to the first support at the curved trendline. If the trendline is broken, the next price levels to watch are 1.1116 and 0.7707. A sustained price decline below 0.7707 would invalidate the previous bullish scenario for Fantom, potentially pushing the price further down to between 0.5349 and 0.2928.\u00a0 4-Hour Timeframe: Ascending Channel And Potential Breakouts In the 4-hour timeframe, the TradingView analyst revealed that Fantom is currently moving within an Ascending Channel. The cryptocurrency’s price is interacting with the midline of the channel, providing temporary support.\u00a0 The analyst has revealed that no significant moves will be expected if Fantom remains within this Ascending channel. However, if the cryptocurrency can break out, it could lead to two potential scenarios: the start of a new parabolic trend or a trend exhaustion due to a loss in bullish momentum. The TradingView analyst has identified the price level at 1.636 as Fantom’s next static resistance. However, if FTM’s price has not yet reached this zone, the analyst suggests a safer strategy of taking long positions based on Dow Theory and channel breakouts. \u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":601384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87842],"tags":[167,6664,26263,14690,9376,92004,89676,43491,92005,86580,87826,85756],"class_list":["post-663540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fantom","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-fantom","tag-fantom-news","tag-fantom-price","tag-ftm","tag-ftm-news","tag-ftm-price","tag-ftmusd","tag-ftmusdt"],"acf":[],"yoast_head":"\nAnalyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend","url":"http:\/\/ktsl888.com\/news\/fantom\/fantom-breakout-above-1-trend\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/fantom\/fantom-breakout-above-1-trend\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Fantom.jpeg?resize=200%2C168","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Fantom.jpeg?fit=299%2C168"},"articleSection":"Fantom","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","fantom","fantom news","fantom price","ftm","ftm news","ftm price","ftmusd","ftmusdt"],"dateCreated":"2024-12-18T00:00:59Z","datePublished":"2024-12-18T00:00:59Z","dateModified":"2024-12-18T00:00:59Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Analyst Who Correctly Predicted The Fantom Breakout Above $1 Reveals What’s Next In The Parabolic Trend\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/fantom\\\/fantom-breakout-above-1-trend\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/fantom\\\/fantom-breakout-above-1-trend\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Fantom.jpeg?resize=200%2C168\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/04\\\/Fantom.jpeg?fit=299%2C168\"},\"articleSection\":\"Fantom\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"fantom\",\"fantom news\",\"fantom price\",\"ftm\",\"ftm news\",\"ftm price\",\"ftmusd\",\"ftmusdt\"],\"dateCreated\":\"2024-12-18T00:00:59Z\",\"datePublished\":\"2024-12-18T00:00:59Z\",\"dateModified\":\"2024-12-18T00:00:59Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/04\/Fantom.jpeg?fit=299%2C168","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/663540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=663540"}],"version-history":[{"count":1,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/663540\/revisions"}],"predecessor-version":[{"id":663560,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/663540\/revisions\/663560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/601384"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=663540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=663540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=663540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}