FTX TOKEN - FTT/USD - 1H - Technical analysis published on 06/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
72%
11%
My opinion
Bearish under 34.61 USD
My targets
32.67 USD (-1.57%)
31.78 USD (-4.25%)
My analysis
FTX TOKEN - FTT/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 34.61 USD. The next support located at 32.67 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 31.78 USD. Below this support, sellers could then target 29.88 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.4
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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 33.19 USD. On the day, this instrument lost -9.04% and was between 32.97 USD and 36.54 USD. This implies that the price is at +0.67% from its lowest and at -9.17% from its highest.32.97
36.54
33.19
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of FTX TOKEN - FTT/USD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : 1 hour
Moving Average bearish crossovers : AMA20 & AMA50
Type : Bearish
Timeframe : 1 hour
In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 2
Type : Neutral
Timeframe : 1 hour
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 : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 29.88 | 31.78 | 32.67 | 33.19 | 34.61 | 35.44 | 36.80 |
| Change (%) | -9.97% | -4.25% | -1.57% | - | +4.28% | +6.78% | +10.88% |
| Change | -3.31 | -1.41 | -0.52 | - | +1.42 | +2.25 | +3.61 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 32.38 | 33.34 | 34.91 | 35.87 | 37.44 | 38.40 | 39.97 |
| Camarilla | 35.79 | 36.03 | 36.26 | 36.49 | 36.72 | 36.95 | 37.19 |
| Woodie | 32.70 | 33.49 | 35.23 | 36.02 | 37.76 | 38.55 | 40.29 |
| Fibonacci | 33.34 | 34.30 | 34.90 | 35.87 | 36.83 | 37.43 | 38.40 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.40 | 15.61 | 22.97 | 30.18 | 37.54 | 44.75 | 52.11 |
| Camarilla | 26.32 | 27.66 | 28.99 | 30.33 | 31.67 | 33.00 | 34.34 |
| Woodie | 8.48 | 15.65 | 23.05 | 30.22 | 37.62 | 44.79 | 52.19 |
| Fibonacci | 15.61 | 21.18 | 24.61 | 30.18 | 35.75 | 39.18 | 44.75 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -23.54 | -0.36 | 16.85 | 40.03 | 57.24 | 80.42 | 97.63 |
| Camarilla | 22.95 | 26.66 | 30.36 | 34.06 | 37.76 | 41.47 | 45.17 |
| Woodie | -26.53 | -1.85 | 13.87 | 38.54 | 54.26 | 78.93 | 94.65 |
| Fibonacci | -0.36 | 15.07 | 24.60 | 40.03 | 55.46 | 64.99 | 80.42 |
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): | 35.83 | |
| MACD (12,26,9): | -0.4500 | |
| Directional Movement: | -15.64 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 34.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 34.89 | |
| Elder Ray (13): | -0.65 | |
| Super Trend (3,10): | 35.49 | |
| Zig ZAG (10): | 33.75 | |
| VORTEX (21): | 0.8400 | |
| Stochastique (14,3,5): | 17.51 | |
| TEMA (21): | 33.62 | |
| Williams %R (14): | -89.25 | |
| Chande Momentum Oscillator (20): | -2.70 | |
| Repulse (5,40,3): | -1.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1200 | |
| Courbe Coppock: | 11.47 |
| MA7: | 33.45 | |
| MA20: | 36.78 | |
| MA50: | 47.18 | |
| MA100: | 43.08 | |
| MAexp7: | 33.89 | |
| MAexp20: | 34.81 | |
| MAexp50: | 34.91 | |
| MAexp100: | 34.44 | |
| Price / MA7: | -0.78% | |
| Price / MA20: | -9.76% | |
| Price / MA50: | -29.65% | |
| Price / MA100: | -22.96% | |
| Price / MAexp7: | -2.07% | |
| Price / MAexp20: | -4.65% | |
| Price / MAexp50: | -4.93% | |
| Price / MAexp100: | -3.63% |
Quotes :
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Real time data
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