FANTOM - FTM/USDT

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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - 1H - Technical analysis published on 02/04/2023 (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: Bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above 0.601856 USDT

My targets

0.654400 USDT (+3.17%)

0.677533 USDT (+6.82%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FANTOM - FTM/USDT as long as the price remains well above 0.601856 USDT. The buyers' bullish objective is set at 0.654400 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.677533 USDT. If there is any crossing, the next objective would be the resistance located at 0.916500 USDT. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.

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

7.5

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 Oli.

Additional analysis

Quotes

The FANTOM - FTM/USDT rating is 0.634300 USDT. On the day, this instrument gained +0.29% with the lowest point at 0.613000 USDT and the highest point at 0.646100 USDT. The deviation from the price is +3.47% for the low point and -1.83% for the high point.

0.613000

0.646100

0.634300

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

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, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 1H of this FANTOM - FTM/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

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

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.496150	0.553300	0.601856	0.634300	0.654400	0.916500	1.280000
Change (%)	-21.78%	-12.77%	-5.11%	-	+3.17%	+44.49%	+101.80%
Change	-0.138150	-0.081000	-0.032444	-	+0.020100	+0.282200	+0.645700
Level	Intermediate	Minor	Minor	-	Intermediate	Minor	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.545133	0.571367	0.601933	0.628167	0.658733	0.684967	0.715533
Camarilla	0.616880	0.622087	0.627293	0.632500	0.637707	0.642913	0.648120
Woodie	0.547300	0.572450	0.604100	0.629250	0.660900	0.686050	0.717700
Fibonacci	0.571367	0.593064	0.606469	0.628167	0.649864	0.663269	0.684967

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):	57.27
MACD (12,26,9):	0.0040
Directional Movement:	15.248601
AROON (14):	85.714286
DEMA (21):	0.634652
Parabolic SAR (0,02-0,02-0,2):	0.615860
Elder Ray (13):	0.004477
Super Trend (3,10):	0.609271
Zig ZAG (10):	0.634400
VORTEX (21):	0.9901
Stochastique (14,3,5):	71.59
TEMA (21):	0.632077
Williams %R (14):	-36.86
Chande Momentum Oscillator (20):	0.014600
Repulse (5,40,3):	-0.3475
ROCnROLL:	1
TRIX (15,9):	0.0784
Courbe Coppock:	1.33

MA7:	0.566043
MA20:	0.443105
MA50:	0.312382
MA100:	0.265232
MAexp7:	0.632999
MAexp20:	0.629223
MAexp50:	0.615440
MAexp100:	0.585750
Price / MA7:	+12.06%
Price / MA20:	+43.15%
Price / MA50:	+103.05%
Price / MA100:	+139.15%
Price / MAexp7:	+0.21%
Price / MAexp20:	+0.81%
Price / MAexp50:	+3.06%
Price / MAexp100:	+8.29%

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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