FANTOM - FTM/USDT - 1H - Technical analysis published on 09/28/2022 (GMT)
- 141
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
FANTOM - FTM/USDT Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.229000 USDT
My targets
0.222600 USDT (-1.98%)
0.215900 USDT (-4.93%)
My analysis
The basic trend is bearish on FANTOM - FTM/USDT and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.229000 USDT. Buyers would then use the next resistance located at 0.231760 USDT as an objective. Crossing it would then enable buyers to target 0.237600 USDT. If there is a return to below the support located at 0.222600 USDT, this would be a sign of a reversal in the basic bearish trend.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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.
This analysis was given by finacian.
Additional analysis
Quotes
The FANTOM - FTM/USDT rating is 0.227100 USDT. On the day, this instrument lost -0.26% with the lowest point at 0.218600 USDT and the highest point at 0.229100 USDT. The deviation from the price is +3.89% for the low point and -0.87% for the high point.0.218600
0.229100
0.227100
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FANTOM - FTM/USDT in 1H shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.215900 | 0.222600 | 0.226886 | 0.227100 | 0.229000 | 0.231760 | 0.237600 |
| Change (%) | -4.93% | -1.98% | -0.09% | - | +0.84% | +2.05% | +4.62% |
| Change | -0.011200 | -0.004500 | -0.000214 | - | +0.001900 | +0.004660 | +0.010500 |
| Level | Minor | Major | Minor | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.209000 | 0.216700 | 0.222200 | 0.229900 | 0.235400 | 0.243100 | 0.248600 |
| Camarilla | 0.224070 | 0.225280 | 0.226490 | 0.227700 | 0.228910 | 0.230120 | 0.231330 |
| Woodie | 0.207900 | 0.216150 | 0.221100 | 0.229350 | 0.234300 | 0.242550 | 0.247500 |
| Fibonacci | 0.216700 | 0.221742 | 0.224858 | 0.229900 | 0.234942 | 0.238058 | 0.243100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.173300 | 0.194600 | 0.211200 | 0.232500 | 0.249100 | 0.270400 | 0.287000 |
| Camarilla | 0.217378 | 0.220852 | 0.224326 | 0.227800 | 0.231274 | 0.234748 | 0.238223 |
| Woodie | 0.170950 | 0.193425 | 0.208850 | 0.231325 | 0.246750 | 0.269225 | 0.284650 |
| Fibonacci | 0.194600 | 0.209078 | 0.218022 | 0.232500 | 0.246978 | 0.255922 | 0.270400 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.057633 | 0.158867 | 0.216033 | 0.317267 | 0.374433 | 0.475667 | 0.532833 |
| Camarilla | 0.229640 | 0.244160 | 0.258680 | 0.273200 | 0.287720 | 0.302240 | 0.316760 |
| Woodie | 0.035600 | 0.147850 | 0.194000 | 0.306250 | 0.352400 | 0.464650 | 0.510800 |
| Fibonacci | 0.158867 | 0.219376 | 0.256758 | 0.317267 | 0.377776 | 0.415158 | 0.475667 |
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): | 53.15 | |
| MACD (12,26,9): | -0.0009 | |
| Directional Movement: | -2.046030 | |
| AROON (14): | -7.142857 | |
| DEMA (21): | 0.223838 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.220185 | |
| Elder Ray (13): | 0.001559 | |
| Super Trend (3,10): | 0.228742 | |
| Zig ZAG (10): | 0.226600 | |
| VORTEX (21): | 1.0320 | |
| Stochastique (14,3,5): | 78.20 | |
| TEMA (21): | 0.223843 | |
| Williams %R (14): | -8.05 | |
| Chande Momentum Oscillator (20): | 0.004800 | |
| Repulse (5,40,3): | 0.8640 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1089 | |
| Courbe Coppock: | 0.68 |
| MA7: | 0.228857 | |
| MA20: | 0.241485 | |
| MA50: | 0.281882 | |
| MA100: | 0.290370 | |
| MAexp7: | 0.225259 | |
| MAexp20: | 0.225337 | |
| MAexp50: | 0.226989 | |
| MAexp100: | 0.228110 | |
| Price / MA7: | -0.77% | |
| Price / MA20: | -5.96% | |
| Price / MA50: | -19.43% | |
| Price / MA100: | -21.79% | |
| Price / MAexp7: | +0.82% | |
| Price / MAexp20: | +0.78% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | -0.44% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FANTOM - FTM/USDT - 1H