FANTOM - FTM/USDT

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 05/21/2024 (GMT)

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Timeframe : Daily
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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 0.796935 USDT

My targets

0.940499 USDT (+7.56%)

1.016058 USDT (+16.20%)

My analysis

FANTOM - FTM/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.796935 USDT. The next resistance located at 0.940499 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.016058 USDT. After this resistance, buyers could then target 1.144019 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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 MikeJones.

Additional analysis

Quotes

FANTOM - FTM/USDT rating 0.874411 USDT. The price is lower by -5.42% since the last closing and was between 0.871520 USDT and 0.930459 USDT. This implies that the price is at +0.33% from its lowest and at -6.02% from its highest.

0.871520

0.930459

0.874411

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:

The Central Records scanner for higher/lower results shows an item:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FANTOM - FTM/USDT chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. 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.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal support is broken

Type : Bearish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.555996	0.632500	0.796935	0.874411	0.893039	1.016058	1.144019
Change (%)	-36.41%	-27.67%	-8.86%	-	+2.13%	+16.20%	+30.83%
Change	-0.318415	-0.241911	-0.077476	-	+0.018628	+0.141647	+0.269608
Level	Minor	Major	Minor	-	Minor	Minor	Major

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	0.726191	0.782055	0.853284	0.909148	0.980377	1.036241	1.107470
Camarilla	0.889562	0.901213	0.912863	0.924513	0.936163	0.947813	0.959464
Woodie	0.733874	0.785896	0.860967	0.912989	0.988060	1.040082	1.115153
Fibonacci	0.782055	0.830605	0.860599	0.909148	0.957698	0.987692	1.036241

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.456672	0.546843	0.718212	0.808383	0.979752	1.069923	1.241292
Camarilla	0.817659	0.841633	0.865608	0.889582	0.913557	0.937531	0.961506
Woodie	0.497272	0.567143	0.758812	0.828683	1.020352	1.090223	1.281892
Fibonacci	0.546843	0.646751	0.708474	0.808383	0.908291	0.970014	1.069923

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.030043	0.265779	0.455228	0.751050	0.940499	1.236321	1.425770
Camarilla	0.511227	0.555710	0.600193	0.644676	0.689159	0.733642	0.778126
Woodie	-0.083231	0.239186	0.402041	0.724457	0.887312	1.209728	1.372583
Fibonacci	0.265779	0.451153	0.565677	0.751050	0.936424	1.050948	1.236321

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):	60.01
MACD (12,26,9):	0.0350
Directional Movement:	15.738521
AROON (14):	35.714286
DEMA (21):	0.806763
Parabolic SAR (0,02-0,02-0,2):	0.721378
Elder Ray (13):	0.103465
Super Trend (3,10):	0.684521
Zig ZAG (10):	0.871637
VORTEX (21):	1.1876
Stochastique (14,3,5):	77.38
TEMA (21):	0.855431
Williams %R (14):	-28.06
Chande Momentum Oscillator (20):	0.156534
Repulse (5,40,3):	-1.1788
ROCnROLL:	1
TRIX (15,9):	0.1271
Courbe Coppock:	40.40

MA7:	0.839679
MA20:	0.742596
MA50:	0.758611
MA100:	0.738459
MAexp7:	0.838834
MAexp20:	0.775419
MAexp50:	0.758555
MAexp100:	0.707293
Price / MA7:	+4.14%
Price / MA20:	+17.75%
Price / MA50:	+15.26%
Price / MA100:	+18.41%
Price / MAexp7:	+4.24%
Price / MAexp20:	+12.77%
Price / MAexp50:	+15.27%
Price / MAexp100:	+23.63%

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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