FANTOM - FTM/USDT - 1H - Technical analysis published on 02/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
FANTOM - FTM/USDT Chart
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
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
0
10
7.5
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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:
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
S3
S2
S1
R1
R2
R3
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
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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