FANTOM - FTM/USDT - Daily - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 0.722293 USDT
My targets
0.836747 USDT (+11.34%)
0.924513 USDT (+23.02%)
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 0.722293 USDT. The next resistance located at 0.836747 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 0.924513 USDT. After this resistance, buyers could then target 1.016058 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.2
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This analysis was given by donger. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FANTOM - FTM/USDT price is 0.751542 USDT. The price registered a decrease of -1.55% on the session with the lowest point at 0.750460 USDT and the highest point at 0.794418 USDT. The deviation from the price is +0.14% for the low point and -5.40% for the high point.0.750460
0.794418
0.751542
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
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. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.410552 | 0.539960 | 0.633549 | 0.751542 | 0.762311 | 0.836747 | 0.924513 |
| Change (%) | -45.37% | -28.15% | -15.70% | - | +1.43% | +11.34% | +23.02% |
| Change | -0.340990 | -0.211582 | -0.117993 | - | +0.010769 | +0.085205 | +0.172971 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 0.671140 | 0.689582 | 0.726468 | 0.744910 | 0.781796 | 0.800238 | 0.837124 |
| Camarilla | 0.748138 | 0.753210 | 0.758281 | 0.763353 | 0.768425 | 0.773497 | 0.778568 |
| Woodie | 0.680361 | 0.694193 | 0.735689 | 0.749521 | 0.791017 | 0.804849 | 0.846345 |
| Fibonacci | 0.689582 | 0.710718 | 0.723775 | 0.744910 | 0.766046 | 0.779103 | 0.800238 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.504312 | 0.577843 | 0.648762 | 0.722293 | 0.793212 | 0.866743 | 0.937662 |
| Camarilla | 0.679956 | 0.693198 | 0.706439 | 0.719680 | 0.732921 | 0.746163 | 0.759404 |
| Woodie | 0.503005 | 0.577190 | 0.647455 | 0.721640 | 0.791905 | 0.866090 | 0.936355 |
| Fibonacci | 0.577843 | 0.633023 | 0.667113 | 0.722293 | 0.777473 | 0.811563 | 0.866743 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.077830 | 0.217508 | 0.455485 | 0.595163 | 0.833140 | 0.972818 | 1.210795 |
| Camarilla | 0.589608 | 0.624226 | 0.658845 | 0.693463 | 0.728081 | 0.762700 | 0.797318 |
| Woodie | 0.126981 | 0.242083 | 0.504636 | 0.619738 | 0.882291 | 0.997393 | 1.259946 |
| Fibonacci | 0.217508 | 0.361772 | 0.450899 | 0.595163 | 0.739427 | 0.828554 | 0.972818 |
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): | 60.71 | |
| MACD (12,26,9): | 0.0375 | |
| Directional Movement: | 15.465828 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.749935 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.658024 | |
| Elder Ray (13): | 0.054113 | |
| Super Trend (3,10): | 0.607606 | |
| Zig ZAG (10): | 0.754273 | |
| VORTEX (21): | 1.0377 | |
| Stochastique (14,3,5): | 72.32 | |
| TEMA (21): | 0.750457 | |
| Williams %R (14): | -24.36 | |
| Chande Momentum Oscillator (20): | 0.090970 | |
| Repulse (5,40,3): | 0.4524 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7975 | |
| Courbe Coppock: | 28.61 |
| MA7: | 0.741961 | |
| MA20: | 0.688014 | |
| MA50: | 0.608157 | |
| MA100: | 0.517448 | |
| MAexp7: | 0.736564 | |
| MAexp20: | 0.699482 | |
| MAexp50: | 0.629919 | |
| MAexp100: | 0.587401 | |
| Price / MA7: | +1.29% | |
| Price / MA20: | +9.23% | |
| Price / MA50: | +23.58% | |
| Price / MA100: | +45.24% | |
| Price / MAexp7: | +2.03% | |
| Price / MAexp20: | +7.44% | |
| Price / MAexp50: | +19.31% | |
| Price / MAexp100: | +27.94% |
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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