FTX TOKEN - FTT/USD - Daily - Technical analysis published on 11/10/2022 (GMT)
- 269
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 3.84 USD
My targets
-
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 3.84 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.7
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FTX TOKEN - FTT/USD rating 2.63 USD. On the day, this instrument gained +16.89% and was between 2.16 USD and 2.65 USD. This implies that the price is at +21.76% from its lowest and at -0.75% from its highest.2.16
2.65
2.63
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in Daily of this FTX TOKEN - FTT/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 20
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
R1
R2
R3
Price
| Price | R1 | R2 | R3 | |
|---|---|---|---|---|
| ProTrendLines | 2.63 | 3.84 | 22.81 | 26.06 |
| Change (%) | - | +46.01% | +767.30% | +890.87% |
| Change | - | +1.21 | +20.18 | +23.43 |
| Level | - | Major | Major | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -3.82 | -0.92 | 0.66 | 3.56 | 5.14 | 8.04 | 9.62 |
| Camarilla | 1.02 | 1.43 | 1.84 | 2.25 | 2.66 | 3.07 | 3.48 |
| Woodie | -4.47 | -1.25 | 0.01 | 3.23 | 4.49 | 7.71 | 8.97 |
| Fibonacci | -0.92 | 0.79 | 1.85 | 3.56 | 5.27 | 6.33 | 8.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.84 | 21.86 | 22.96 | 24.98 | 26.08 | 28.10 | 29.20 |
| Camarilla | 23.21 | 23.50 | 23.78 | 24.07 | 24.36 | 24.64 | 24.93 |
| Woodie | 19.39 | 21.63 | 22.51 | 24.75 | 25.63 | 27.87 | 28.75 |
| Fibonacci | 21.86 | 23.05 | 23.79 | 24.98 | 26.17 | 26.91 | 28.10 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.05 | 20.02 | 23.06 | 25.03 | 28.07 | 30.04 | 33.08 |
| Camarilla | 24.73 | 25.19 | 25.65 | 26.11 | 26.57 | 27.03 | 27.49 |
| Woodie | 18.60 | 20.29 | 23.61 | 25.30 | 28.62 | 30.31 | 33.63 |
| Fibonacci | 20.02 | 21.93 | 23.11 | 25.03 | 26.94 | 28.12 | 30.04 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 10.95 | |
| MACD (12,26,9): | -4.0300 | |
| Directional Movement: | -49.96 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 14.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.12 | |
| Elder Ray (13): | -14.06 | |
| Super Trend (3,10): | 11.53 | |
| Zig ZAG (10): | 2.31 | |
| VORTEX (21): | 0.5800 | |
| Stochastique (14,3,5): | 4.68 | |
| TEMA (21): | 11.05 | |
| Williams %R (14): | -98.72 | |
| Chande Momentum Oscillator (20): | -23.19 | |
| Repulse (5,40,3): | -309.9100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.7200 | |
| Courbe Coppock: | 83.76 |
| MA7: | 14.86 | |
| MA20: | 21.12 | |
| MA50: | 22.74 | |
| MA100: | 25.15 | |
| MAexp7: | 11.77 | |
| MAexp20: | 18.67 | |
| MAexp50: | 22.04 | |
| MAexp100: | 24.46 | |
| Price / MA7: | -82.30% | |
| Price / MA20: | -87.55% | |
| Price / MA50: | -88.43% | |
| Price / MA100: | -89.54% | |
| Price / MAexp7: | -77.66% | |
| Price / MAexp20: | -85.91% | |
| Price / MAexp50: | -88.07% | |
| Price / MAexp100: | -89.25% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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