FANTOM - FTM/USDT

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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - 15 min. - Technical analysis published on 02/21/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : INVALID

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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

61%

33%

My opinion

Bearish under 0.400081 USDT

My targets

0.384288 USDT (-3.86%)

0.366493 USDT (-8.31%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FANTOM - FTM/USDT. As long as you are under the resistance located at 0.400081 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.384288 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.366493 USDT as an objective. Crossing it would then enable sellers to target 0.349392 USDT. If the resistance 0.400081 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

0.7

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 Matei21.

Additional analysis

Quotes

The FANTOM - FTM/USDT rating is 0.399717 USDT. The price registered a decrease of -5.79% on the session and was traded between 0.390946 USDT and 0.424937 USDT over the period. The price is currently at +2.24% from its lowest and -5.93% from its highest.

0.390946

0.424937

0.399717

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this FANTOM - FTM/USDT chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 15 minutes

In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

RSI indicator is back over 50

Type : Bullish

Timeframe : 15 minutes

Aroon indicator bullish trend

Type : Bullish

Timeframe : 15 minutes

Momentum indicator is back over 0

Type : Bullish

Timeframe : 15 minutes

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.349392	0.374050	0.386719	0.399717	0.401892	0.417762	0.425314
Change (%)	-12.59%	-6.42%	-3.25%	-	+0.54%	+4.51%	+6.40%
Change	-0.050325	-0.025667	-0.012998	-	+0.002175	+0.018045	+0.025597
Level	Major	Minor	Minor	-	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	0.366493	0.384288	0.404292	0.422087	0.442091	0.459886	0.479890
Camarilla	0.413902	0.417367	0.420832	0.424297	0.427762	0.431227	0.434692
Woodie	0.367599	0.384840	0.405398	0.422639	0.443197	0.460438	0.480996
Fibonacci	0.384288	0.398727	0.407647	0.422087	0.436526	0.445446	0.459886

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.323584	0.348817	0.374848	0.400081	0.426112	0.451345	0.477376
Camarilla	0.386781	0.391481	0.396180	0.400879	0.405578	0.410277	0.414977
Woodie	0.323983	0.349017	0.375247	0.400281	0.426511	0.451545	0.477775
Fibonacci	0.348817	0.368400	0.380498	0.400081	0.419664	0.431762	0.451345

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.082347	0.194682	0.273601	0.385936	0.464855	0.577190	0.656109
Camarilla	0.299924	0.317456	0.334987	0.352519	0.370051	0.387582	0.405114
Woodie	0.065638	0.186328	0.256892	0.377582	0.448146	0.568836	0.639400
Fibonacci	0.194682	0.267741	0.312877	0.385936	0.458995	0.504131	0.577190

Numerical data

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

Technical indicators

Moving averages

RSI (14):	52.85
MACD (12,26,9):	-0.0005
Directional Movement:	-0.480371
AROON (14):	64.285714
DEMA (21):	0.397246
Parabolic SAR (0,02-0,02-0,2):	0.391897
Elder Ray (13):	0.001868
Super Trend (3,10):	0.402808
Zig ZAG (10):	0.399388
VORTEX (21):	1.0605
Stochastique (14,3,5):	85.40
TEMA (21):	0.398711
Williams %R (14):	-14.28
Chande Momentum Oscillator (20):	0.003854
Repulse (5,40,3):	0.5552
ROCnROLL:	-1
TRIX (15,9):	-0.0462
Courbe Coppock:	0.06

MA7:	0.414781
MA20:	0.390746
MA50:	0.385770
MA100:	0.386641
MAexp7:	0.398968
MAexp20:	0.398410
MAexp50:	0.401774
MAexp100:	0.407670
Price / MA7:	-3.63%
Price / MA20:	+2.30%
Price / MA50:	+3.62%
Price / MA100:	+3.38%
Price / MAexp7:	+0.19%
Price / MAexp20:	+0.33%
Price / MAexp50:	-0.51%
Price / MAexp100:	-1.95%

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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