FANTOM - FTM/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 11/03/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

78%

17%

My opinion

Bullish above 0.225167 USDT

My targets

0.284567 USDT (+8.12%)

0.321233 USDT (+22.05%)

My analysis

The strong short-term increase of FANTOM - FTM/USDT should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 0.225167 USDT, a purchase could be considered. The first bullish objective is located at 0.284567 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 0.321233 USDT. If there is any crossing, the next objective would be the resistance at 0.409200 USDT. Caution, if there is a return under 0.225167 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.4

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

Additional analysis

Quotes

The FANTOM - FTM/USDT rating is 0.263200 USDT. On the day, this instrument gained +19.64% and was traded between 0.218900 USDT and 0.287000 USDT over the period. The price is currently at +20.24% from its lowest and -8.29% from its highest.

0.218900

0.287000

0.263200

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 Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FANTOM - FTM/USDT in Daily shows a neutral overall trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Long white line

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.217191	0.263200	0.409200	0.684700	0.916500
Change (%)	-17.48%	-	+55.47%	+160.14%	+248.21%
Change	-0.046009	-	+0.146000	+0.421500	+0.653300
Level	Major	-	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	0.197000	0.206800	0.213400	0.223200	0.229800	0.239600	0.246200
Camarilla	0.215490	0.216993	0.218497	0.220000	0.221503	0.223007	0.224510
Woodie	0.195400	0.206000	0.211800	0.222400	0.228200	0.238800	0.244600
Fibonacci	0.206800	0.213065	0.216935	0.223200	0.229465	0.233335	0.239600

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.175000	0.188200	0.206700	0.219900	0.238400	0.251600	0.270100
Camarilla	0.216483	0.219388	0.222294	0.225200	0.228106	0.231012	0.233918
Woodie	0.177650	0.189525	0.209350	0.221225	0.241050	0.252925	0.272750
Fibonacci	0.188200	0.200309	0.207791	0.219900	0.232009	0.239491	0.251600

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.143033	0.165767	0.202433	0.225167	0.261833	0.284567	0.321233
Camarilla	0.222765	0.228210	0.233655	0.239100	0.244545	0.249990	0.255435
Woodie	0.150000	0.169250	0.209400	0.228650	0.268800	0.288050	0.328200
Fibonacci	0.165767	0.188458	0.202476	0.225167	0.247858	0.261876	0.284567

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):	68.79
MACD (12,26,9):	0.0055
Directional Movement:	24.580268
AROON (14):	92.857143
DEMA (21):	0.228190
Parabolic SAR (0,02-0,02-0,2):	0.216600
Elder Ray (13):	0.025208
Super Trend (3,10):	0.201218
Zig ZAG (10):	0.263200
VORTEX (21):	1.1023
Stochastique (14,3,5):	63.84
TEMA (21):	0.239442
Williams %R (14):	-26.47
Chande Momentum Oscillator (20):	0.057800
Repulse (5,40,3):	10.3024
ROCnROLL:	1
TRIX (15,9):	0.0223
Courbe Coppock:	28.88

MA7:	0.234429
MA20:	0.216955
MA50:	0.221410
MA100:	0.268379
MAexp7:	0.235092
MAexp20:	0.223988
MAexp50:	0.230949
MAexp100:	0.283103
Price / MA7:	+12.27%
Price / MA20:	+21.32%
Price / MA50:	+18.87%
Price / MA100:	-1.93%
Price / MAexp7:	+11.96%
Price / MAexp20:	+17.51%
Price / MAexp50:	+13.96%
Price / MAexp100:	-7.03%

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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