FTX TOKEN - FTT/USD
FTX TOKEN - FTT/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: FTTUSD
ISIN:

FTX TOKEN - FTT/USD - 1H - Technical analysis published on 03/16/2021 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Court terme: Bullish
De fond: Slightly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 39.98 USD
My targets
41.10 USD (+2.04%)
43.50 USD (+7.99%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade FTX TOKEN - FTT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 39.98 USD. The buyers” bullish objective is set at 41.10 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 43.50 USD. If there is a bearish break in the support located at 39.98 USD some indecision would arise.

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
3.6

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The FTX TOKEN - FTT/USD rating is 40.28 USD. On the day, this instrument lost -0.42% and was traded between 37.83 USD and 40.71 USD over the period. The price is currently at +6.48% from its lowest and -1.06% from its highest.

37.83
40.71
40.28

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.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of FTX TOKEN - FTT/USD in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend remains fragile, as do the slightly bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 1 hour



In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



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:

Central Candlesticks

Three black crows

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 36.15 38.88 39.98 40.28 41.10 43.50
Change (%) -10.25% -3.48% -0.74% - +2.04% +7.99%
Change -4.13 -1.40 -0.30 - +0.82 +3.22
Level Major Major Minor - Intermediate 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
Standard33.8236.3638.4140.9543.0045.5447.59
Camarilla39.1939.6140.0340.4540.8741.2941.71
Woodie33.5736.2438.1640.8342.7545.4247.34
Fibonacci36.3638.1239.2040.9542.7143.7945.54


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard21.7525.6833.1537.0844.5548.4855.95
Camarilla37.4938.5339.5840.6241.6742.7143.76
Woodie23.5226.5734.9237.9746.3249.3757.72
Fibonacci25.6830.0432.7337.0841.4444.1348.48


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-11.17-0.1712.8823.8836.9347.9360.98
Camarilla19.3321.5323.7425.9428.1530.3532.55
Woodie-10.140.3413.9224.3937.9748.4462.02
Fibonacci-0.179.0114.6923.8833.0638.7447.93

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): 48.80
MACD (12,26,9): -0.2200
Directional Movement: -10.46
AROON (14): -14.29
DEMA (21): 39.57
Parabolic SAR (0,02-0,02-0,2): 38.28
Elder Ray (13): 0.06
Super Trend (3,10): 40.94
Zig ZAG (10): 39.85
VORTEX (21): 0.9600
Stochastique (14,3,5): 60.15
TEMA (21): 39.49
Williams %R (14): -34.03
Chande Momentum Oscillator (20): 0.80
Repulse (5,40,3): -0.9300
ROCnROLL: 2
TRIX (15,9): -0.1300
Courbe Coppock: 1.83
MA7: 39.21
MA20: 33.14
MA50: 24.93
MA100: 15.95
MAexp7: 39.78
MAexp20: 39.92
MAexp50: 40.18
MAexp100: 39.55
Price / MA7: +2.73%
Price / MA20: +21.54%
Price / MA50: +61.57%
Price / MA100: +152.54%
Price / MAexp7: +1.26%
Price / MAexp20: +0.90%
Price / MAexp50: +0.25%
Price / MAexp100: +1.85%

Quotes : 2021-03-16 16:19:35 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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