Fantom (FTM): buy the dip

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https://www.tradingview.com/x/VcALupwG/
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Daily Chart

Elliott Waves:
The structure shows a wave model, including corrective patterns like "expanded flat" and "simple zigzag." This indicates that the current trend is completing one phase and preparing for a potential continuation of upward movement.
The fifth wave impulse is likely to complete in the target zone (marked on the chart), corresponding to the 0.618 and 0.382 Fibonacci levels.

Target Levels:
The 0.618 Fibonacci target suggests a potential end for the fifth wave. This level, around $0.8-0.85, could act as strong resistance if the upward trend continues.

Volumes:
Significant volumes in the final stages of the downtrend indicate potential interest from large players, which could support the price above key support levels.

https://www.tradingview.com/x/BjNwPQjI/
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Hourly Chart
Buy Zone:
The area between the 0.382 and 0.618 Fibonacci levels is marked as a buy zone. This is a key area where position accumulation is expected for a possible bounce.
Cluster analysis and volume levels in this zone suggest a high probability of support from buyers.

Trend Lines and Support:
The upward trend marked by the channel suggests further growth after the completion of the corrective wave.
The strong support level around $0.67 aligns with the lower boundary of the buy zone and could act as a launch point for further upward movement.

Here's a fundamental analysis of the Fantom (FTM) token, examining its technology, team, tokenomics, partnerships, and growth potential.

1. Technology
* Lachesis Consensus Algorithm: This unique protocol, based on asynchronous Byzantine Fault Tolerance (aBFT), makes Fantom one of the fastest and most scalable networks. It can handle thousands of transactions per second with near-instant finality and low fees, making it well-suited for DeFi and other high-throughput applications.
* Ethereum Compatibility: Fantom supports Ethereum-compatible smart contracts (EVM), making it easier for developers to migrate applications from Ethereum, enhancing accessibility for both developers and users.

2. Team and Partnerships
* Team: The Fantom Foundation was established with the goal of creating a high-speed, scalable blockchain. The team remains actively involved in improving the platform and expanding its ecosystem, which builds investor and user trust.
* Partnerships: Fantom has established partnerships with major blockchain projects and DeFi platforms, including Yearn Finance and Curve Finance, and has collaborated with some government bodies. These partnerships strengthen its reputation as a reliable infrastructural platform.

3. Tokenomics
* FTM Token: The FTM token powers the Fantom ecosystem, used for staking, network security, transaction fees, and governance. Users can earn rewards by staking FTM, encouraging engagement and participation in the network.
* Max Supply: With a maximum supply of 3,175,000,000 FTM, the token is limited, which theoretically supports scarcity as demand grows.
* Distribution: A portion of FTM tokens is allocated for ecosystem development, staking rewards, and team support, ensuring the project’s long-term sustainability.

4. Ecosystem and DeFi
* DeFi and dApps: Fantom actively supports decentralized applications and DeFi projects, hosting various exchanges, lending platforms, and other DeFi services. This boosts user adoption and increases demand for the FTM token.
* TVL (Total Value Locked): High TVL on Fantom indicates strong user participation within the ecosystem, a key indicator of trust in the platform and its functionality.

5. Opportunities and Risks
* Growth Opportunities: High speed, low fees, and active ecosystem support make Fantom attractive for DeFi and other applications. The limited supply of FTM may support its value in the long term, especially with increasing usage.
* Risks: Key risks include competition from other blockchain platforms (e.g., Solana, Avalanche, Ethereum) and the relatively young Lachesis technology, which has yet to prove its resilience over time.

Conclusion
Fantom (FTM) is a promising blockchain project with a strong ecosystem, efficient technology, and an active team. However, like any project, it faces challenges from competition and technological risks.

FTMUSD FTMUSD FTMUSDT FTMUSDT
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now or never
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Aternative. Low probability
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limit support
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go to hit 0,5866
交易進行
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done 0,5866
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I like this asset, but locally it doesn’t seem to be ready. A little lower and it will be great
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not bad, but need to watch
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good job
交易結束:目標達成
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I closed my position and chose to take 20% of the profit from the deal. Apparently wave 5 was truncated and ended a little earlier than I planned. And now we have a high probability of a correction to the zone of 0.635 - 0.6.

I don’t want to guess whether the asset will continue to grow from current values ​​or will receive a correction, I prefer to take the chips off the table.

You can always come up with another idea.
Chart PatternsTrend AnalysisWave Analysis

🥷🏼The most objective market analysis: Elliott wave principle, smart money concept, demand and supply volume analysis (VSA+cluster analysis) - t.me/shakatrade1_618
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