Londinia Opportunities Analyses - 05/07/2024 (GMT) FTX TOKEN - FTT/USDT - 1H
Type: | Cryptocurrencies |
Ticker: | FTTUSDT |
ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 1.57 USDT
My targets
1.78 USDT (+7.88%)
1.97 USDT (+19.39%)
My analysis
FTX TOKEN - FTT/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 1.57 USDT. The next resistance located at 1.78 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.97 USDT. After this resistance, buyers could then target 2.52 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
Additional analysis
Quotes
The FTX TOKEN - FTT/USDT price is 1.65 USDT. The price registered an increase of +0.61% on the session and was between 1.55 USDT and 1.74 USDT. This implies that the price is at +6.45% from its lowest and at -5.17% from its highest.1.55
1.74
1.65
Here is a more detailed summary of the historical variations registered by FTX TOKEN - FTT/USDT:
Technical
A technical analysis in 1H of this FTX TOKEN - FTT/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 1.39 | 1.45 | 1.57 | 1.65 | 2.52 | 4.33 | 5.57 |
Change (%) | -15.76% | -12.12% | -4.85% | - | +52.73% | +162.42% | +237.58% |
Change | -0.26 | -0.20 | -0.08 | - | +0.87 | +2.68 | +3.92 |
Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.35 | 1.43 | 1.53 | 1.61 | 1.71 | 1.79 | 1.89 |
Camarilla | 1.59 | 1.61 | 1.62 | 1.64 | 1.66 | 1.67 | 1.69 |
Woodie | 1.37 | 1.44 | 1.55 | 1.62 | 1.73 | 1.80 | 1.91 |
Fibonacci | 1.43 | 1.50 | 1.54 | 1.61 | 1.68 | 1.72 | 1.79 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.98 | 1.12 | 1.31 | 1.45 | 1.64 | 1.78 | 1.97 |
Camarilla | 1.41 | 1.44 | 1.47 | 1.50 | 1.53 | 1.56 | 1.59 |
Woodie | 1.01 | 1.13 | 1.34 | 1.46 | 1.67 | 1.79 | 2.00 |
Fibonacci | 1.12 | 1.25 | 1.32 | 1.45 | 1.58 | 1.65 | 1.78 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.11 | 0.59 | 0.97 | 1.45 | 1.83 | 2.31 | 2.69 |
Camarilla | 1.12 | 1.20 | 1.28 | 1.36 | 1.44 | 1.52 | 1.60 |
Woodie | 0.07 | 0.57 | 0.93 | 1.43 | 1.79 | 2.29 | 2.65 |
Fibonacci | 0.59 | 0.92 | 1.12 | 1.45 | 1.78 | 1.98 | 2.31 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 57.20 | |
MACD (12,26,9): | 0.0200 | |
Directional Movement: | 12.95 | |
AROON (14): | 42.86 | |
DEMA (21): | 1.65 | |
Parabolic SAR (0,02-0,02-0,2): | 1.58 | |
Elder Ray (13): | 0.01 | |
Super Trend (3,10): | 1.71 | |
Zig ZAG (10): | 1.65 | |
VORTEX (21): | 1.0200 | |
Stochastique (14,3,5): | 41.74 | |
TEMA (21): | 1.64 | |
Williams %R (14): | -52.09 | |
Chande Momentum Oscillator (20): | 0.02 | |
Repulse (5,40,3): | 0.6600 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2200 | |
Courbe Coppock: | 3.87 |
MA7: | 1.54 | |
MA20: | 1.46 | |
MA50: | 1.63 | |
MA100: | 1.82 | |
MAexp7: | 1.63 | |
MAexp20: | 1.62 | |
MAexp50: | 1.58 | |
MAexp100: | 1.54 | |
Price / MA7: | +7.14% | |
Price / MA20: | +13.01% | |
Price / MA50: | +1.23% | |
Price / MA100: | -9.34% | |
Price / MAexp7: | +1.23% | |
Price / MAexp20: | +1.85% | |
Price / MAexp50: | +4.43% | |
Price / MAexp100: | +7.14% |
Quotes :
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Real time data
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