FANTOM - FTM/USDT

- USDT (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 10/11/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

11%

61%

28%

My opinion

Bearish under 0.222600 USDT

My targets

0.198533 USDT (-4.04%)

0.171967 USDT (-16.88%)

My analysis

FANTOM - FTM/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.222600 USDT. The next support located at 0.198533 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.171967 USDT. Below this support, sellers could then target 0.128033 USDT. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.7

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 Rachid007. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FANTOM - FTM/USDT price is 0.206900 USDT. On the day, this instrument lost -0.62% and was between 0.201400 USDT and 0.208400 USDT. This implies that the price is at +2.73% from its lowest and at -0.72% from its highest.

0.201400

0.208400

0.206900

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FANTOM - FTM/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Black hanging man / hammer

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.206900	0.222600	0.684700	1.117000
Change (%)	-	+7.59%	+230.93%	+439.87%
Change	-	+0.015700	+0.477800	+0.910100
Level	-	Intermediate	Minor	Minor

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	0.184233	0.196067	0.202133	0.213967	0.220033	0.231867	0.237933
Camarilla	0.203278	0.204918	0.206559	0.208200	0.209841	0.211482	0.213123
Woodie	0.181350	0.194625	0.199250	0.212525	0.217150	0.230425	0.235050
Fibonacci	0.196067	0.202905	0.207129	0.213967	0.220805	0.225029	0.231867

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.200867	0.208233	0.214867	0.222233	0.228867	0.236233	0.242867
Camarilla	0.217650	0.218933	0.220217	0.221500	0.222783	0.224067	0.225350
Woodie	0.200500	0.208050	0.214500	0.222050	0.228500	0.236050	0.242500
Fibonacci	0.208233	0.213581	0.216885	0.222233	0.227581	0.230885	0.236233

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.128033	0.171967	0.198533	0.242467	0.269033	0.312967	0.339533
Camarilla	0.205713	0.212175	0.218638	0.225100	0.231563	0.238025	0.244488
Woodie	0.119350	0.167625	0.189850	0.238125	0.260350	0.308625	0.330850
Fibonacci	0.171967	0.198898	0.215536	0.242467	0.269398	0.286036	0.312967

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):	31.03
MACD (12,26,9):	-0.0100
Directional Movement:	-20.936809
AROON (14):	-100.000000
DEMA (21):	0.210889
Parabolic SAR (0,02-0,02-0,2):	0.229166
Elder Ray (13):	-0.015460
Super Trend (3,10):	0.232688
Zig ZAG (10):	0.206900
VORTEX (21):	0.8865
Stochastique (14,3,5):	15.97
TEMA (21):	0.213783
Williams %R (14):	-81.94
Chande Momentum Oscillator (20):	-0.020900
Repulse (5,40,3):	-5.8722
ROCnROLL:	2
TRIX (15,9):	-0.6129
Courbe Coppock:	8.83

MA7:	0.218414
MA20:	0.223880
MA50:	0.247192
MA100:	0.284238
MAexp7:	0.216178
MAexp20:	0.225098
MAexp50:	0.249478
MAexp100:	0.320817
Price / MA7:	-5.27%
Price / MA20:	-7.58%
Price / MA50:	-16.30%
Price / MA100:	-27.21%
Price / MAexp7:	-4.29%
Price / MAexp20:	-8.08%
Price / MAexp50:	-17.07%
Price / MAexp100:	-35.51%

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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