FANTOM - FTM/USDT - Daily - Technical analysis published on 04/23/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
FANTOM - FTM/USDT Chart
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.796935 USDT
My targets
0.632500 USDT (-13.83%)
0.555996 USDT (-24.25%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for FANTOM - FTM/USDT as long as the price remains well below 0.796935 USDT. The sellers' bearish objective is set at 0.632500 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.555996 USDT. If there is any crossing, the next objective would be the support located at 0.349473 USDT.
Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
2
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This analysis was given by mh572.
Additional analysis
Quotes
FANTOM - FTM/USDT rating 0.734007 USDT. On the day, this instrument lost -3.16% and was between 0.729774 USDT and 0.772797 USDT. This implies that the price is at +0.58% from its lowest and at -5.02% from its highest.0.729774
0.772797
0.734007
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USDT:
Technical
A technical analysis in Daily of this FANTOM - FTM/USDT chart shows a neutral trend. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.349473 | 0.555996 | 0.632500 | 0.734007 | 0.796935 | 0.893039 | 1.016058 |
| Change (%) | -52.39% | -24.25% | -13.83% | - | +8.57% | +21.67% | +38.43% |
| Change | -0.384534 | -0.178011 | -0.101507 | - | +0.062928 | +0.159032 | +0.282051 |
| Level | Minor | Intermediate | Major | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.681352 | 0.710348 | 0.734142 | 0.763138 | 0.786932 | 0.815928 | 0.839722 |
| Camarilla | 0.743418 | 0.748257 | 0.753096 | 0.757935 | 0.762774 | 0.767613 | 0.772452 |
| Woodie | 0.678750 | 0.709048 | 0.731540 | 0.761838 | 0.784330 | 0.814628 | 0.837120 |
| Fibonacci | 0.710348 | 0.730514 | 0.742973 | 0.763138 | 0.783304 | 0.795763 | 0.815928 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.515589 | 0.566046 | 0.664179 | 0.714636 | 0.812769 | 0.863226 | 0.961359 |
| Camarilla | 0.721449 | 0.735070 | 0.748690 | 0.762311 | 0.775932 | 0.789553 | 0.803173 |
| Woodie | 0.539426 | 0.577965 | 0.688016 | 0.726555 | 0.836606 | 0.875145 | 0.985196 |
| Fibonacci | 0.566046 | 0.622808 | 0.657875 | 0.714636 | 0.771398 | 0.806465 | 0.863226 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.020831 | 0.273249 | 0.638611 | 0.932691 | 1.298053 | 1.592133 | 1.957495 |
| Camarilla | 0.822628 | 0.883076 | 0.943525 | 1.003974 | 1.064423 | 1.124872 | 1.185321 |
| Woodie | 0.014811 | 0.291070 | 0.674253 | 0.950512 | 1.333695 | 1.609954 | 1.993137 |
| Fibonacci | 0.273249 | 0.525156 | 0.680784 | 0.932691 | 1.184598 | 1.340226 | 1.592133 |
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): | 45.25 | |
| MACD (12,26,9): | -0.0422 | |
| Directional Movement: | -4.709680 | |
| AROON (14): | -21.428572 | |
| DEMA (21): | 0.728251 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.879525 | |
| Elder Ray (13): | -0.002708 | |
| Super Trend (3,10): | 0.982838 | |
| Zig ZAG (10): | 0.737628 | |
| VORTEX (21): | 0.9347 | |
| Stochastique (14,3,5): | 38.28 | |
| TEMA (21): | 0.676737 | |
| Williams %R (14): | -64.03 | |
| Chande Momentum Oscillator (20): | -0.180595 | |
| Repulse (5,40,3): | -1.8178 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7561 | |
| Courbe Coppock: | 36.47 |
| MA7: | 0.721986 | |
| MA20: | 0.787275 | |
| MA50: | 0.867906 | |
| MA100: | 0.636393 | |
| MAexp7: | 0.736258 | |
| MAexp20: | 0.779297 | |
| MAexp50: | 0.780374 | |
| MAexp100: | 0.684397 | |
| Price / MA7: | +1.66% | |
| Price / MA20: | -6.77% | |
| Price / MA50: | -15.43% | |
| Price / MA100: | +15.34% | |
| Price / MAexp7: | -0.31% | |
| Price / MAexp20: | -5.81% | |
| Price / MAexp50: | -5.94% | |
| Price / MAexp100: | +7.25% |
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
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