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 - Daily - Technical analysis published on 03/21/2022 (GMT)

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!

Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

89%

11%

My opinion

Bullish above 39.85 USD

My targets

48.03 USD (+7.98%)

58.92 USD (+32.46%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on FTX TOKEN - FTT/USD as long as the price remains well above 39.85 USD. The buyers' bullish objective is set at 48.03 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 58.92 USD. If there is any crossing, the next objective would be the resistance located at 65.56 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.1

Comment on the analysis

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 44.48 USD. The price has increased by +0.93% since the last closing and was between 43.50 USD and 44.94 USD. This implies that the price is at +2.25% from its lowest and at -1.02% from its highest.

43.50

44.94

44.48

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FTX TOKEN - FTT/USD:

Technical

Technical analysis of this Daily chart of FTX TOKEN - FTT/USD indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, 16 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	33.47	39.85	44.48	48.03	58.92	65.56
Change (%)	-24.75%	-10.41%	-	+7.98%	+32.46%	+47.39%
Change	-11.01	-4.63	-	+3.55	+14.44	+21.08
Level	Minor	Major	-	Intermediate	Minor	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	41.83	42.68	43.34	44.19	44.85	45.70	46.36
Camarilla	43.59	43.72	43.86	44.00	44.14	44.28	44.42
Woodie	41.74	42.63	43.25	44.14	44.76	45.65	46.27
Fibonacci	42.68	43.26	43.61	44.19	44.77	45.12	45.70

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	35.52	37.58	41.25	43.31	46.98	49.04	52.71
Camarilla	43.35	43.88	44.41	44.93	45.46	45.98	46.51
Woodie	36.34	37.98	42.07	43.71	47.80	49.44	53.53
Fibonacci	37.58	39.77	41.12	43.31	45.50	46.85	49.04

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26.21	31.76	38.90	44.45	51.59	57.14	64.28
Camarilla	42.54	43.70	44.87	46.03	47.19	48.36	49.52
Woodie	27.00	32.16	39.69	44.85	52.38	57.54	65.07
Fibonacci	31.76	36.61	39.61	44.45	49.30	52.30	57.14

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):	56.38
MACD (12,26,9):	0.3700
Directional Movement:	1.09
AROON (14):	85.71
DEMA (21):	43.07
Parabolic SAR (0,02-0,02-0,2):	45.46
Elder Ray (13):	1.18
Super Trend (3,10):	38.74
Zig ZAG (10):	44.51
VORTEX (21):	1.0500
Stochastique (14,3,5):	86.00
TEMA (21):	43.55
Williams %R (14):	-15.71
Chande Momentum Oscillator (20):	1.65
Repulse (5,40,3):	2.9100
ROCnROLL:	1
TRIX (15,9):	-0.0500
Courbe Coppock:	9.19

MA7:	43.58
MA20:	42.24
MA50:	43.39
MA100:	41.79
MAexp7:	43.65
MAexp20:	42.82
MAexp50:	42.75
MAexp100:	43.55
Price / MA7:	+2.07%
Price / MA20:	+5.30%
Price / MA50:	+2.51%
Price / MA100:	+6.44%
Price / MAexp7:	+1.90%
Price / MAexp20:	+3.88%
Price / MAexp50:	+4.05%
Price / MAexp100:	+2.14%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

Online

Overall rating :

15445

Number of analyses :

88619

Followers :

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…