FTX TOKEN - FTT/USD - 15 min. - Technical analysis published on 05/13/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 58.38 USD
My targets
55.65 USD (-1.53%)
53.54 USD (-5.27%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 58.38 USD remains possible. It is advisable to trade FTX TOKEN - FTT/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 58.38 USD. The next bearish objective for sellers is set at 55.65 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 53.54 USD. In case of crossing, the next objective would be the support located at 51.13 USD. PS: if there is a bullish break in the resistance located at 58.38 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FTX TOKEN - FTT/USD rating is 56.52 USD. The price registered an increase of +1.00% on the session with the lowest point at 53.52 USD and the highest point at 58.79 USD. The deviation from the price is +5.61% for the low point and -3.86% for the high point.53.52
58.79
56.52
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
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 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 15 minutes
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
RSI indicator is back over 50
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal resistance is broken
Type : Bullish
Timeframe : 15 minutes
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Upside gap
Type : Bullish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 53.58 | 54.43 | 56.28 | 56.52 | 57.06 | 59.85 | 61.94 |
| Change (%) | -5.20% | -3.70% | -0.42% | - | +0.96% | +5.89% | +9.59% |
| Change | -2.94 | -2.09 | -0.24 | - | +0.54 | +3.33 | +5.42 |
| Level | Minor | Minor | Major | - | Minor | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.29 | 51.13 | 53.54 | 58.38 | 60.79 | 65.63 | 68.04 |
| Camarilla | 53.97 | 54.63 | 55.30 | 55.96 | 56.63 | 57.29 | 57.95 |
| Woodie | 45.09 | 50.52 | 52.34 | 57.77 | 59.59 | 65.02 | 66.84 |
| Fibonacci | 51.13 | 53.90 | 55.61 | 58.38 | 61.15 | 62.86 | 65.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 46.78 | 49.93 | 55.65 | 58.80 | 64.52 | 67.67 | 73.39 |
| Camarilla | 58.94 | 59.75 | 60.57 | 61.38 | 62.19 | 63.01 | 63.82 |
| Woodie | 48.08 | 50.57 | 56.95 | 59.44 | 65.82 | 68.31 | 74.69 |
| Fibonacci | 49.93 | 53.32 | 55.41 | 58.80 | 62.19 | 64.28 | 67.67 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.85 | 31.16 | 42.99 | 51.30 | 63.13 | 71.44 | 83.27 |
| Camarilla | 49.28 | 51.13 | 52.97 | 54.82 | 56.67 | 58.51 | 60.36 |
| Woodie | 24.61 | 32.04 | 44.75 | 52.18 | 64.89 | 72.32 | 85.03 |
| Fibonacci | 31.16 | 38.85 | 43.61 | 51.30 | 58.99 | 63.75 | 71.44 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 44.66 | |
| MACD (12,26,9): | -0.6500 | |
| Directional Movement: | -12.24 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 55.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 53.90 | |
| Elder Ray (13): | 0.27 | |
| Super Trend (3,10): | 56.48 | |
| Zig ZAG (10): | 56.11 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 59.85 | |
| TEMA (21): | 55.06 | |
| Williams %R (14): | -15.96 | |
| Chande Momentum Oscillator (20): | 0.67 | |
| Repulse (5,40,3): | 2.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1800 | |
| Courbe Coppock: | 5.77 |
| MA7: | 59.13 | |
| MA20: | 55.42 | |
| MA50: | 49.81 | |
| MA100: | 39.55 | |
| MAexp7: | 55.80 | |
| MAexp20: | 55.95 | |
| MAexp50: | 57.14 | |
| MAexp100: | 58.31 | |
| Price / MA7: | -4.41% | |
| Price / MA20: | +1.98% | |
| Price / MA50: | +13.47% | |
| Price / MA100: | +42.91% | |
| Price / MAexp7: | +1.29% | |
| Price / MAexp20: | +1.02% | |
| Price / MAexp50: | -1.09% | |
| Price / MAexp100: | -3.07% |
Quotes :
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Real time data
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