FTX TOKEN - FTT/USD - 1H - Technical analysis published on 08/30/2021 (GMT)
- 182
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 48.00 USD
My targets
44.67 USD (-5.00%)
39.62 USD (-15.74%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FTX TOKEN - FTT/USD as long as the price remains well below 48.00 USD. The sellers' bearish objective is set at 44.67 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 39.62 USD. In case of crossing, the next objective would be the support located at 34.35 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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:
Additional analysis
Quotes
The FTX TOKEN - FTT/USD rating is 47.02 USD. The price registered a decrease of -0.86% on the session and was traded between 46.65 USD and 48.54 USD over the period. The price is currently at +0.79% from its lowest and -3.13% from its highest.46.65
48.54
47.02
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
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 sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
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
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 27.02 | 34.35 | 44.67 | 47.02 | 47.03 | 48.00 | 49.06 |
| Change (%) | -42.54% | -26.95% | -5.00% | - | +0.02% | +2.08% | +4.34% |
| Change | -20.00 | -12.67 | -2.35 | - | +0.01 | +0.98 | +2.04 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | 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 | 41.00 | 43.96 | 45.70 | 48.66 | 50.40 | 53.36 | 55.10 |
| Camarilla | 46.14 | 46.57 | 47.00 | 47.43 | 47.86 | 48.29 | 48.72 |
| Woodie | 40.38 | 43.66 | 45.08 | 48.36 | 49.78 | 53.06 | 54.48 |
| Fibonacci | 43.96 | 45.76 | 46.87 | 48.66 | 50.46 | 51.57 | 53.36 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 34.30 | 39.62 | 45.42 | 50.74 | 56.54 | 61.86 | 67.66 |
| Camarilla | 48.17 | 49.19 | 50.21 | 51.23 | 52.25 | 53.27 | 54.29 |
| Woodie | 34.55 | 39.74 | 45.67 | 50.86 | 56.79 | 61.98 | 67.91 |
| Fibonacci | 39.62 | 43.87 | 46.49 | 50.74 | 54.99 | 57.61 | 61.86 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.83 | 19.09 | 27.12 | 31.38 | 39.41 | 43.67 | 51.70 |
| Camarilla | 31.78 | 32.91 | 34.03 | 35.16 | 36.29 | 37.41 | 38.54 |
| Woodie | 16.73 | 20.03 | 29.02 | 32.32 | 41.31 | 44.61 | 53.60 |
| Fibonacci | 19.09 | 23.78 | 26.68 | 31.38 | 36.07 | 38.97 | 43.67 |
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): | 42.53 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -12.43 | |
| AROON (14): | -14.28 | |
| DEMA (21): | 47.25 | |
| Parabolic SAR (0,02-0,02-0,2): | 48.47 | |
| Elder Ray (13): | -0.51 | |
| Super Trend (3,10): | 49.17 | |
| Zig ZAG (10): | 47.17 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 19.00 | |
| TEMA (21): | 47.05 | |
| Williams %R (14): | -78.07 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | -0.7700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 2.48 |
| MA7: | 48.33 | |
| MA20: | 49.05 | |
| MA50: | 39.61 | |
| MA100: | 34.94 | |
| MAexp7: | 47.41 | |
| MAexp20: | 47.79 | |
| MAexp50: | 48.27 | |
| MAexp100: | 48.41 | |
| Price / MA7: | -2.71% | |
| Price / MA20: | -4.14% | |
| Price / MA50: | +18.71% | |
| Price / MA100: | +34.57% | |
| Price / MAexp7: | -0.84% | |
| Price / MAexp20: | -1.63% | |
| Price / MAexp50: | -2.61% | |
| Price / MAexp100: | -2.89% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FTX TOKEN - FTT/USD - 1H