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 04/20/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bearish
Technical indicators
50%
17%
33%
My opinion
Bullish above 47.78 USD
My targets
52.69 USD (+5.97%)
55.58 USD (+11.79%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for FTX TOKEN - FTT/USD as long as the price remains well above 47.78 USD. The buyers” bullish objective is set at 52.69 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 55.58 USD. If there is any crossing, the next objective would be the resistance located at 58.01 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 52.69 USD. On this resistance, against the trend traders who would like to go short on FTX TOKEN - FTT/USD with a bearish signal from their trading strategy, should not hesitate to act.

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
0
10
1.4

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 49.72 USD. On the day, this instrument gained +0.89% and was traded between 46.30 USD and 50.66 USD over the period. The price is currently at +7.39% from its lowest and -1.86% from its highest.

46.30
50.66
49.72

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this FTX TOKEN - FTT/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly


RSI indicator is back over 50

Type : Bullish

Timeframe : 1 hour


MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour


Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 41.68 44.35 47.78 49.72 52.72 55.58 58.01
Change (%) -16.17% -10.80% -3.90% - +6.03% +11.79% +16.67%
Change -8.04 -5.37 -1.94 - +3.00 +5.86 +8.29
Level Major Intermediate Minor - Major Minor 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
Standard42.2345.0147.1449.9252.0554.8356.96
Camarilla47.9348.3848.8349.2849.7350.1850.63
Woodie41.9244.8546.8349.7651.7454.6756.65
Fibonacci45.0146.8848.0449.9251.7952.9554.83


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard35.4741.9046.7553.1858.0364.4669.31
Camarilla48.5049.5350.5751.6052.6353.6754.70
Woodie34.6841.5145.9652.7957.2464.0768.52
Fibonacci41.9046.2148.8753.1857.4960.1564.46


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard15.2221.5930.7737.1446.3252.6961.87
Camarilla35.6837.1138.5439.9641.3942.8144.24
Woodie16.6422.2932.1937.8447.7453.3963.29
Fibonacci21.5927.5331.2037.1443.0846.7552.69

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): 52.51
MACD (12,26,9): -0.5600
Directional Movement: -1.28
AROON (14): -78.57
DEMA (21): 47.83
Parabolic SAR (0,02-0,02-0,2): 46.30
Elder Ray (13): 0.43
Super Trend (3,10): 50.02
Zig ZAG (10): 49.26
VORTEX (21): 0.9600
Stochastique (14,3,5): 59.95
TEMA (21): 47.94
Williams %R (14): -20.10
Chande Momentum Oscillator (20): 0.13
Repulse (5,40,3): 2.0600
ROCnROLL: -1
TRIX (15,9): -0.1800
Courbe Coppock: 5.97
MA7: 52.27
MA20: 48.54
MA50: 41.29
MA100: 29.32
MAexp7: 48.42
MAexp20: 48.61
MAexp50: 49.51
MAexp100: 50.59
Price / MA7: -4.88%
Price / MA20: +2.43%
Price / MA50: +20.42%
Price / MA100: +69.58%
Price / MAexp7: +2.68%
Price / MAexp20: +2.28%
Price / MAexp50: +0.42%
Price / MAexp100: -1.72%

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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