FANTOM - FTM/USDT

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Change:	-
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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - 1H - Technical analysis published on 09/29/2022 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 0.222600 USDT

My targets

0.229900 USDT (+0.83%)

0.233480 USDT (+2.40%)

My analysis

The strong short-term increase for FANTOM - FTM/USDT reinforces the current slightly bullish trend. As long as the price remains above 0.222600 USDT, you could take advantage of this bullish acceleration. The first bullish objective is located at 0.229900 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.233480 USDT as an objective. Crossing it would then enable buyers to target 0.237600 USDT. A return to 0.222600 USDT would be a sign of a possible correction of short-term bullish excesses. In this case, you could stay away while waiting for signals indicating a reversal of the trend.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

2.7

Comment on the analysis

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

FANTOM - FTM/USDT rating 0.228000 USDT. The price registered an increase of +0.31% on the session and was between 0.225600 USDT and 0.230500 USDT. This implies that the price is at +1.06% from its lowest and at -1.08% from its highest.

0.225600

0.230500

0.228000

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this FANTOM - FTM/USDT chart shows a slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 6 are bullish, 9 are neutral and 3 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Bullish harami

Type : Bullish

Timeframe : 1 hour

White morning star

Type : Bullish

Timeframe : 1 hour

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.215900	0.222600	0.226900	0.228000	0.229900	0.233480	0.237600
Change (%)	-5.31%	-2.37%	-0.48%	-	+0.83%	+2.40%	+4.21%
Change	-0.012100	-0.005400	-0.001100	-	+0.001900	+0.005480	+0.009600
Level	Minor	Major	Minor	-	Minor	Minor	Major

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	0.209467	0.214033	0.220667	0.225233	0.231867	0.236433	0.243067
Camarilla	0.224220	0.225247	0.226273	0.227300	0.228327	0.229353	0.230380
Woodie	0.210500	0.214550	0.221700	0.225750	0.232900	0.236950	0.244100
Fibonacci	0.214033	0.218312	0.220955	0.225233	0.229512	0.232155	0.236433

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 is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	51.15
MACD (12,26,9):	0.0003
Directional Movement:	-6.762355
AROON (14):	-21.428572
DEMA (21):	0.227860
Parabolic SAR (0,02-0,02-0,2):	0.230223
Elder Ray (13):	-0.000776
Super Trend (3,10):	0.223810
Zig ZAG (10):	0.227600
VORTEX (21):	1.0438
Stochastique (14,3,5):	24.98
TEMA (21):	0.228350
Williams %R (14):	-53.06
Chande Momentum Oscillator (20):	-0.000300
Repulse (5,40,3):	0.3437
ROCnROLL:	1
TRIX (15,9):	0.0288
Courbe Coppock:	0.35

MA7:	0.228271
MA20:	0.239245
MA50:	0.278262
MA100:	0.289953
MAexp7:	0.227774
MAexp20:	0.227518
MAexp50:	0.227511
MAexp100:	0.227949
Price / MA7:	-0.12%
Price / MA20:	-4.70%
Price / MA50:	-18.06%
Price / MA100:	-21.37%
Price / MAexp7:	+0.10%
Price / MAexp20:	+0.21%
Price / MAexp50:	+0.21%
Price / MAexp100:	+0.02%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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