Price Predictions

Fantom (FTM) Price Prediction 2020 | Future FTM Price Coin Analysis

By January 16, 2020 January 21st, 2020 No Comments

Fantom Price Prediction

Methods To Predict The Price Of Fantom (FTM)

Getting Started -

What Is Fantom?

Fantom is a decentralized DAG based smart contract platform advertised as the most advanced, fast, and secure consensus for distributed networks. Fantom experienced high volatility in 2019 with a low of $0.0031 and a high of $0.037. Today we’ll be looking at how you can use methods such as technical and fundamental analysis to formulate your own Fantom price prediction

Fantom (FTM) is available for purchase on the following exchanges

If you’re unfamiliar with how to buy Fantom (FTM), follow the link below.

How To Buy Fantom (FTM)
Fantom FTM Price Prediction 2020 Website
Fantom FTM Price Prediction 2020 Technical Analysis
Price Action -

Analyzing The Price Of Fantom (FTM)

One of the simplest methods to predict the future price of a cryptocurrency like Fantom (FTM) is by looking at prior price history on a chart. Through the use of common technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages and calling on indicators to signal strength or weakness in the market.

The large majority of popular cryptocurrencies are available to chart and analyze on TradingView. TradingView integrates with popular exchanges like Binance, Huobi, ByBit, FTX and many more to offer real-time price data on a wide range of Altcoins such as Fantom (FTM).

Signup to TradingView
Price Action -

Analyzing The Price Of Fantom (FTM)

One of the simplest methods to predict the future price of a cryptocurrency like Fantom (FTM) is by looking at prior price history on a chart. Through the use of common technical analysis techniques such as identifying horizontal support and resistance levels, calculating moving averages and calling on indicators to signal strength or weakness in the market.

The large majority of popular cryptocurrencies are available to chart and analyze on TradingView. TradingView integrates with popular exchanges like Binance, Huobi, ByBit, FTX and many more to offer real-time price data on a wide range of Altcoins such as Fantom (FTM).

Signup to TradingView
Fantom FTM Price Prediction 2020 Technical Analysis
Technical Analysis -

Identifying Support & Resistance Levels

Identifying levels of support and resistance are often all it takes to gather a basic idea of where price of cryptocurrencies like Fantom may be headed. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down.

In the following chart we can see that FTM has had many interactions with the $1.40 USD area and other areas marked by yellow boxes. We can assume that price will continue to bounce from these marked areas as Traders fight against support and resistance. From this data you may be able to create your own FTM price prediction and trade accordingly.

Fantom FTM Price Prediction 2020 Coin Analysis
Fantom FTM Price Prediction 2020 Moving Averages
Technical Analysis -

Using Moving Averages

Moving averages are used by many Traders to assess momentum and potential levels where price is likely to bounce from a downtrend or start slowing down after an uptrend. With the use of several important moving averages such as the 20, 50, 100 and 200, Traders can get a good idea of where to buy Fantom (FTM) and where to sell for profit.

In the following image we can see that FTM has tested and rejected from the 1D 100MA which is represented by the green line running through the chart. From this we can assume that this line will remain important in a Traders decision to buy or sell Fantom (FTM)

For long term investing or trading, look at moving averages on the daily or weekly charts for important levels in which to form your Fantom price prediction.

Technical Analysis -

Using Moving Averages

Moving averages are used by many Traders to assess momentum and potential levels where price is likely to bounce from a downtrend or start slowing down after an uptrend. With the use of several important moving averages such as the 20, 50, 100 and 200, Traders can get a good idea of where to buy Fantom (FTM) and where to sell for profit.

In the following image we can see that FTM has tested and rejected from the 1D 100MA which is represented by the green line running through the chart. From this we can assume that this line will remain important in a Traders decision to buy or sell Fantom (FTM)

For long term investing or trading, look at moving averages on the daily or weekly charts for important levels in which to form your Fantom price prediction.

Fantom FTM Price Prediction 2020 Moving Averages
Technical Analysis -

Utilizing Indicators

Indicators can assist Traders in making a prediction on whether the price of Fantom (FTM) will go up or down. Indicators take into account various factors such as time, volume, momentum and many more to indicate whether a cryptocurrency like Fantom (FTM) should rise or fall.

In the following image we can see that the RSI (Relative Strength Index) Indicator which is used by a large majority of Traders is located at the bottom of the chart. The areas above and below the dotted lines indicate whether Fantom (FTM) is overbought or oversold.

We’ve highlighted three different occasions where FTM has been overbought or oversold which quickly resulted in an overall change in trend.

Fantom FTM Price Prediction 2020 Indicators
Fantom FTM Price Prediction 2020 Fundamental Analysis
Fundamental Analysis -

Assessing Strengths & Weaknesses

Another way to make a Fantom (FTM) price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with Fantom (FTM) news and planning the buy or sell Fantom (FTM) around key events is a method long term Traders use consistently.

While technical analysis may assist Traders in deciding when to buy or sell Fantom (FTM), fundamental analysis can often help forecast future price based on the knowledge of upcoming notable events or breaking news which may have an immediate and unexpected affect on price, regardless of what the charts show.

Keeping up to date with important Fantom (FTM) news will give Traders an edge where technical analysis falls short.

Fundamental Analysis -

Purchase 0x (ZRX)

Another way to make a Fantom (FTM) price prediction is by assessing what the project has accomplished or plans to accomplish in the near future. Keeping up to date with Fantom (FTM) news and planning the buy or sell Fantom (FTM) around key events is a method long term Traders use consistently.

While technical analysis may assist Traders in deciding when to buy or sell Fantom (FTM), fundamental analysis can often help forecast future price based on the knowledge of upcoming notable events or breaking news which may have an immediate and unexpected affect on price, regardless of what the charts show.

Keeping up to date with important Fantom (FTM) news will give Traders an edge where technical analysis falls short.

Fantom FTM Price Prediction 2020 Fundamental Analysis
Those Are The Tools

Join TradingView and make your own Fantom (FTM) price prediction today

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