FANTOM - FTM/USDT

- USDT (-)

- Real time data - Cryptocompare

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Change:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Weekly - Technical analysis published on 02/02/2023 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

89%

11%

My opinion

Bullish above 0.429833 USDT

My targets

0.785633 USDT (+37.42%)

0.916500 USDT (+60.31%)

My analysis

The current short-term bullish acceleration on FANTOM - FTM/USDT should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 0.429833 USDT. Short-term buyers will use the resistance located at 0.785633 USDT as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 0.916500 USDT. Crossing this resistance would then open the door for buyers to target 1.280000 USDT. Caution, if there is a return to under 0.429833 USDT, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

4.3

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 Hungary22. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FANTOM - FTM/USDT price is 0.571700 USDT. The price registered an increase of +22.58% over 5 days with the lowest point at 0.445100 USDT and the highest point at 0.597800 USDT. The deviation from the price is +28.44% for the low point and -4.37% for the high point.

0.445100

0.597800

0.571700

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this FANTOM - FTM/USDT chart shows a neutral trend. The trend could quickly turn bullish due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Weekly

In fact, according to the parameters integrated into the Central Analyzer system, 16 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.030275	0.287900	0.571700	0.916500	1.280000	1.636330
Change (%)	-94.70%	-49.64%	-	+60.31%	+123.89%	+186.22%
Change	-0.541425	-0.283800	-	+0.344800	+0.708300	+1.064630
Level	Minor	Major	-	Minor	Minor	Minor

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	0.417500	0.457000	0.516300	0.555800	0.615100	0.654600	0.713900
Camarilla	0.548430	0.557487	0.566543	0.575600	0.584657	0.593713	0.602770
Woodie	0.427400	0.461950	0.526200	0.560750	0.625000	0.659550	0.723800
Fibonacci	0.457000	0.494742	0.518058	0.555800	0.593542	0.616858	0.654600

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.199333	0.269067	0.358733	0.428467	0.518133	0.587867	0.677533
Camarilla	0.404565	0.419177	0.433788	0.448400	0.463012	0.477623	0.492235
Woodie	0.209300	0.274050	0.368700	0.433450	0.528100	0.592850	0.687500
Fibonacci	0.269067	0.329958	0.367576	0.428467	0.489358	0.526976	0.587867

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.049433	0.074033	0.306367	0.429833	0.662167	0.785633	1.017967
Camarilla	0.440855	0.473470	0.506085	0.538700	0.571315	0.603930	0.636545
Woodie	0.005000	0.101250	0.360800	0.457050	0.716600	0.812850	1.072400
Fibonacci	0.074033	0.209949	0.293918	0.429833	0.565749	0.649718	0.785633

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	65.42
MACD (12,26,9):	-0.0172
Directional Movement:	23.832798
AROON (14):	71.428571
DEMA (21):	0.259616
Parabolic SAR (0,02-0,02-0,2):	0.197123
Elder Ray (13):	0.193422
Super Trend (3,10):	0.273072
Zig ZAG (10):	0.570000
VORTEX (21):	1.1638
Stochastique (14,3,5):	89.76
TEMA (21):	0.395126
Williams %R (14):	-6.47
Chande Momentum Oscillator (20):	0.389200
Repulse (5,40,3):	57.3729
ROCnROLL:	1
TRIX (15,9):	-3.0021
Courbe Coppock:	137.47

MA7:	0.510586
MA20:	0.411590
MA50:	0.294838
MA100:	0.256562
MAexp7:	0.382735
MAexp20:	0.323082
MAexp50:	0.504314
MAexp100:	0.600965
Price / MA7:	+11.97%
Price / MA20:	+38.90%
Price / MA50:	+93.90%
Price / MA100:	+122.83%
Price / MAexp7:	+49.37%
Price / MAexp20:	+76.95%
Price / MAexp50:	+13.36%
Price / MAexp100:	-4.87%

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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