FANTOM - FTM/USDT - Daily - Technical analysis published on 11/28/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.202433 USDT
My targets
0.165767 USDT (-12.71%)
0.160000 USDT (-15.75%)
My analysis
The basic trend is very bearish on FANTOM - FTM/USDT but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on FANTOM - FTM/USDT. As long as you stay below the resistance 0.202433 USDT, sellers' retain the upper hand. A break in the support at 0.165767 USDT would be a signal that the basic trend will reverse. Sellers would then use the next support located at 0.160000 USDT as an objective. If the price were to depress the resistance 0.202433 USDT in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the 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
2.7
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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 0.189900 USDT. The price registered an increase of +2.32% on the session and was between 0.177500 USDT and 0.192100 USDT. This implies that the price is at +6.99% from its lowest and at -1.15% from its highest.0.177500
0.192100
0.189900
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of FANTOM - FTM/USDT in Daily shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.160000 | 0.189900 | 0.219573 | 0.288000 | 0.357900 |
| Change (%) | -15.75% | - | +15.63% | +51.66% | +88.47% |
| Change | -0.029900 | - | +0.029673 | +0.098100 | +0.168000 |
| Level | Major | - | 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 | 0.172833 | 0.178867 | 0.182233 | 0.188267 | 0.191633 | 0.197667 | 0.201033 |
| Camarilla | 0.183015 | 0.183877 | 0.184738 | 0.185600 | 0.186462 | 0.187323 | 0.188185 |
| Woodie | 0.171500 | 0.178200 | 0.180900 | 0.187600 | 0.190300 | 0.197000 | 0.199700 |
| Fibonacci | 0.178867 | 0.182458 | 0.184676 | 0.188267 | 0.191858 | 0.194076 | 0.197667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.137833 | 0.151267 | 0.168433 | 0.181867 | 0.199033 | 0.212467 | 0.229633 |
| Camarilla | 0.177185 | 0.179990 | 0.182795 | 0.185600 | 0.188405 | 0.191210 | 0.194015 |
| Woodie | 0.139700 | 0.152200 | 0.170300 | 0.182800 | 0.200900 | 0.213400 | 0.231500 |
| Fibonacci | 0.151267 | 0.162956 | 0.170178 | 0.181867 | 0.193556 | 0.200778 | 0.212467 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.14 | |
| MACD (12,26,9): | -0.0082 | |
| Directional Movement: | -4.179192 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.179185 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.203809 | |
| Elder Ray (13): | -0.001940 | |
| Super Trend (3,10): | 0.223746 | |
| Zig ZAG (10): | 0.191300 | |
| VORTEX (21): | 0.8028 | |
| Stochastique (14,3,5): | 65.22 | |
| TEMA (21): | 0.177690 | |
| Williams %R (14): | -24.86 | |
| Chande Momentum Oscillator (20): | 0.008600 | |
| Repulse (5,40,3): | 4.0071 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7506 | |
| Courbe Coppock: | 5.62 |
| MA7: | 0.184657 | |
| MA20: | 0.183820 | |
| MA50: | 0.206914 | |
| MA100: | 0.228948 | |
| MAexp7: | 0.185255 | |
| MAexp20: | 0.190932 | |
| MAexp50: | 0.207178 | |
| MAexp100: | 0.249140 | |
| Price / MA7: | +2.84% | |
| Price / MA20: | +3.31% | |
| Price / MA50: | -8.22% | |
| Price / MA100: | -17.06% | |
| Price / MAexp7: | +2.51% | |
| Price / MAexp20: | -0.54% | |
| Price / MAexp50: | -8.34% | |
| Price / MAexp100: | -23.78% |
Quotes :
-
Real time data
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Cryptocompare
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