3D Chart Analysis of FTM
2025-01-11
Category: None

3D Chart Analysis of FTM/USDT


Overall Market Context

Support Box (Highlighted Zone):
This demand zone is anchored at the 0.786 Fibonacci retracement ($0.45), drawn from the mid-October swing low. It also aligns with the higher range of the May 2022 - Feb 2024 consolidation, serving historically as a pivotal zone for support during accumulation, resistance during rejections, and later as the midrange of the broader structure.

Structural Significance:
The 200 EMA (3D timeframe) converges near this level, emphasizing its importance as a structural support level.

Market Cycle Context:
The recent correction from the swing highs at $1.50 is consistent with historical patterns of re-accumulation at support zones. This suggests a potential bottoming structure if the demand zone (blue box) holds.

Momentum Analysis - Stochastic Oscillator
The Stoch (14,3,3) has crossed upward from deep oversold levels (below 20), indicating the potential for bullish momentum to emerge.
This oscillator aligns with the expectation of a short-term bounce or rally from the demand zone.


Key Levels to Watch

Midrange ($0.45):
This is the immediate resistance within the current range. Flipping this level to support would confirm bullish continuation toward higher targets.

$0.45–$0.54 (Demand Zone):
This is the primary support zone, and a strong reaction here will validate the area's importance.
Holding this level opens the path for upward momentum targeting higher levels.

Yearly Open ($0.678):
Reclaiming this level is pivotal for bulls to re-establish dominance and signal a continuation of the uptrend.

Upper Target ($1.20–$1.48):
These levels correspond to previous swing highs and are potential take-profit targets or zones for observing market reaction. Sustaining bullish structure above these levels may extend the rally further.


Price Action Setup

A bounce from the $0.45–$0.55 zone is anticipated, targeting the yearly open ($0.678) and eventually the upper range ($1.20–$1.48).
Consolidation or rejection below the yearly open could trigger another retest of the demand zone.
A clean reclaim of the yearly open ($0.678) will be a strong bullish signal, supporting the idea of continuation toward the upper targets.


Interpretation and Strategy

For Bulls:
Focus on price reaction between $0.45–$0.55 to confirm demand and establish entries.
Targets include $0.678 (yearly open), followed by $1.20–$1.48, with the potential for higher extensions if the bullish trend remains intact.

For Bears:
If the $0.45–$0.55 zone fails, this would signal weakness, opening the door for a deeper correction to $0.30.


Conclusion
The $0.45–$0.55 demand zone is the key battleground for determining the next major move. With bullish signals from the Stochastic Oscillator and alignment of significant support levels, a short-term bounce is highly probable.
However, confirmation of strength will be necessary to validate a larger bullish continuation.