FANTOM - FTM/USDT - Daily - Technical analysis published on 09/06/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
FANTOM - FTM/USDT Chart
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 0.211033 USDT
My targets
0.171367 USDT (-14.19%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FANTOM - FTM/USDT as long as the price remains well below 0.211033 USDT. The next bearish objective for sellers is set at 0.171367 USDT. A bearish break of this support would revive the bearish momentum. 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 over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.1
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This analysis was given by yotta.
Additional analysis
Quotes
FANTOM - FTM/USDT rating 0.199700 USDT. On the day, this instrument lost -1.19% and was traded between 0.196800 USDT and 0.203400 USDT over the period. The price is currently at +1.47% from its lowest and -1.82% from its highest.0.196800
0.203400
0.199700
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USDT:
Technical
Technical analysis of this Daily chart of FANTOM - FTM/USDT indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.168400 | 0.199700 | 0.240900 | 0.320400 | 0.411020 |
| Change (%) | -15.67% | - | +20.63% | +60.44% | +105.82% |
| Change | -0.031300 | - | +0.041200 | +0.120700 | +0.211320 |
| Level | Major | - | Intermediate | 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 | 0.194800 | 0.197700 | 0.199900 | 0.202800 | 0.205000 | 0.207900 | 0.210100 |
| Camarilla | 0.200698 | 0.201165 | 0.201633 | 0.202100 | 0.202568 | 0.203035 | 0.203503 |
| Woodie | 0.194450 | 0.197525 | 0.199550 | 0.202625 | 0.204650 | 0.207725 | 0.209750 |
| Fibonacci | 0.197700 | 0.199648 | 0.200852 | 0.202800 | 0.204748 | 0.205952 | 0.207900 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.169667 | 0.183233 | 0.191967 | 0.205533 | 0.214267 | 0.227833 | 0.236567 |
| Camarilla | 0.194568 | 0.196612 | 0.198656 | 0.200700 | 0.202744 | 0.204788 | 0.206833 |
| Woodie | 0.167250 | 0.182025 | 0.189550 | 0.204325 | 0.211850 | 0.226625 | 0.234150 |
| Fibonacci | 0.183233 | 0.191752 | 0.197015 | 0.205533 | 0.214052 | 0.219315 | 0.227833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.102867 | 0.142533 | 0.171367 | 0.211033 | 0.239867 | 0.279533 | 0.308367 |
| Camarilla | 0.181363 | 0.187642 | 0.193921 | 0.200200 | 0.206479 | 0.212758 | 0.219038 |
| Woodie | 0.097450 | 0.139825 | 0.165950 | 0.208325 | 0.234450 | 0.276825 | 0.302950 |
| Fibonacci | 0.142533 | 0.168700 | 0.184866 | 0.211033 | 0.237200 | 0.253366 | 0.279533 |
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): | 39.47 | |
| MACD (12,26,9): | -0.0074 | |
| Directional Movement: | -10.162400 | |
| AROON (14): | 7.142857 | |
| DEMA (21): | 0.197076 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.187707 | |
| Elder Ray (13): | -0.004261 | |
| Super Trend (3,10): | 0.226487 | |
| Zig ZAG (10): | 0.199600 | |
| VORTEX (21): | 0.9050 | |
| Stochastique (14,3,5): | 24.01 | |
| TEMA (21): | 0.199285 | |
| Williams %R (14): | -88.34 | |
| Chande Momentum Oscillator (20): | -0.008300 | |
| Repulse (5,40,3): | -2.5982 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5560 | |
| Courbe Coppock: | 3.33 |
| MA7: | 0.201400 | |
| MA20: | 0.204620 | |
| MA50: | 0.225566 | |
| MA100: | 0.256684 | |
| MAexp7: | 0.202175 | |
| MAexp20: | 0.207822 | |
| MAexp50: | 0.227202 | |
| MAexp100: | 0.259891 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -2.40% | |
| Price / MA50: | -11.47% | |
| Price / MA100: | -22.20% | |
| Price / MAexp7: | -1.22% | |
| Price / MAexp20: | -3.91% | |
| Price / MAexp50: | -12.10% | |
| Price / MAexp100: | -23.16% |
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.
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