FANTOM - FTM/USDT

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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - 1H - Technical analysis published on 02/08/2023 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

33%

17%

50%

My opinion

Neutral between 0.524100 USDT and 0.579000 USDT

My targets

My analysis

The neutral short-term trend shows a weakening of the basic, slightly bullish trend on FANTOM - FTM/USDT. It is difficult to advise a trading direction under these conditions. The first resistance is located at 0.579000 USDT. The first support is located at 0.524100 USDT. We can stay away while waiting for a more pronounced price movement on this instrument. A new analysis could then be produced that would give clearer signals.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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 5863358894.

Additional analysis

Quotes

FANTOM - FTM/USDT rating 0.571200 USDT. On the day, this instrument lost -2.99% with the lowest point at 0.569400 USDT and the highest point at 0.601300 USDT. The deviation from the price is +0.32% for the low point and -5.01% for the high point.

0.569400

0.601300

0.571200

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

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

Technical

A technical analysis in 1H of this FANTOM - FTM/USDT chart shows a slightly bullish trend. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the overall trend could quickly return to neutral as well. An assessment of moving averages reveals several bearish signals that could impact this trend:

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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	0.472600	0.496500	0.524100	0.571200	0.579000	0.597350	0.620425
Change (%)	-17.26%	-13.08%	-8.25%	-	+1.37%	+4.58%	+8.62%
Change	-0.098600	-0.074700	-0.047100	-	+0.007800	+0.026150	+0.049225
Level	Minor	Intermediate	Intermediate	-	Intermediate	Intermediate	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	0.475767	0.499933	0.544367	0.568533	0.612967	0.637133	0.681567
Camarilla	0.569935	0.576223	0.582512	0.588800	0.595088	0.601377	0.607665
Woodie	0.485900	0.505000	0.554500	0.573600	0.623100	0.642200	0.691700
Fibonacci	0.499933	0.526139	0.542328	0.568533	0.594739	0.610928	0.637133

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.278900	0.362000	0.488200	0.571300	0.697500	0.780600	0.906800
Camarilla	0.556843	0.576028	0.595214	0.614400	0.633586	0.652772	0.671958
Woodie	0.300450	0.372775	0.509750	0.582075	0.719050	0.791375	0.928350
Fibonacci	0.362000	0.441953	0.491347	0.571300	0.651253	0.700647	0.780600

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.049500	0.074000	0.306300	0.429800	0.662100	0.785600	1.017900
Camarilla	0.440755	0.473370	0.505985	0.538600	0.571215	0.603830	0.636445
Woodie	0.004900	0.101200	0.360700	0.457000	0.716500	0.812800	1.072300
Fibonacci	0.074000	0.209916	0.293884	0.429800	0.565716	0.649684	0.785600

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):	55.92
MACD (12,26,9):	0.0071
Directional Movement:	12.792003
AROON (14):	42.857143
DEMA (21):	0.581481
Parabolic SAR (0,02-0,02-0,2):	0.598347
Elder Ray (13):	0.001812
Super Trend (3,10):	0.558033
Zig ZAG (10):	0.575900
VORTEX (21):	1.1342
Stochastique (14,3,5):	54.31
TEMA (21):	0.585663
Williams %R (14):	-54.38
Chande Momentum Oscillator (20):	0.008800
Repulse (5,40,3):	-0.5590
ROCnROLL:	-1
TRIX (15,9):	0.2167
Courbe Coppock:	8.00

MA7:	0.587043
MA20:	0.492925
MA50:	0.340962
MA100:	0.278371
MAexp7:	0.576771
MAexp20:	0.572400
MAexp50:	0.566831
MAexp100:	0.569295
Price / MA7:	-2.70%
Price / MA20:	+15.88%
Price / MA50:	+67.53%
Price / MA100:	+105.19%
Price / MAexp7:	-0.97%
Price / MAexp20:	-0.21%
Price / MAexp50:	+0.77%
Price / MAexp100:	+0.33%

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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