FTX TOKEN - FTT/USD - Daily - Technical analysis published on 12/09/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
61%
11%
28%
My opinion
Bearish under 3.84 USD
My targets
1.61 USD (-11.37%)
1.31 USD (-28.02%)
My analysis
The bearish basic trend is very strong on FTX TOKEN - FTT/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 3.84 USD. Crossing the first support at 1.61 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 1.31 USD as an objective. Caution, a return to above the resistance located at 3.84 USD would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
3.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FTX TOKEN - FTT/USD price is 1.82 USD. The price registered an increase of +31.88% on the session and was traded between 1.33 USD and 1.89 USD over the period. The price is currently at +36.84% from its lowest and -3.70% from its highest.1.33
1.89
1.82
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this FTX TOKEN - FTT/USD chart shows a sharp bearish trend. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
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
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 1.31 | 1.82 | 3.84 | 22.81 | 26.14 |
| Change (%) | -28.02% | - | +110.99% | +1,153.30% | +1,336.26% |
| Change | -0.51 | - | +2.02 | +20.99 | +24.32 |
| Level | Major | - | Minor | Major | Intermediate |
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 | 1.26 | 1.29 | 1.34 | 1.37 | 1.42 | 1.45 | 1.50 |
| Camarilla | 1.36 | 1.37 | 1.37 | 1.38 | 1.39 | 1.40 | 1.40 |
| Woodie | 1.26 | 1.30 | 1.34 | 1.38 | 1.42 | 1.46 | 1.50 |
| Fibonacci | 1.29 | 1.32 | 1.34 | 1.37 | 1.40 | 1.42 | 1.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.97 | 1.11 | 1.22 | 1.36 | 1.47 | 1.61 | 1.72 |
| Camarilla | 1.25 | 1.27 | 1.30 | 1.32 | 1.34 | 1.37 | 1.39 |
| Woodie | 0.95 | 1.10 | 1.20 | 1.35 | 1.45 | 1.60 | 1.70 |
| Fibonacci | 1.11 | 1.21 | 1.27 | 1.36 | 1.46 | 1.52 | 1.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -32.29 | -15.53 | -7.10 | 9.66 | 18.09 | 34.85 | 43.28 |
| Camarilla | -5.59 | -3.28 | -0.97 | 1.34 | 3.65 | 5.96 | 8.27 |
| Woodie | -36.45 | -17.61 | -11.26 | 7.58 | 13.94 | 32.77 | 39.13 |
| Fibonacci | -15.53 | -5.91 | 0.03 | 9.66 | 19.28 | 25.22 | 34.85 |
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): | 18.50 | |
| MACD (12,26,9): | -1.9000 | |
| Directional Movement: | -23.33 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 0.65 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.25 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 2.31 | |
| Zig ZAG (10): | 1.83 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 59.14 | |
| TEMA (21): | 0.93 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.48 | |
| Repulse (5,40,3): | 32.9100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -6.2900 | |
| Courbe Coppock: | 18.16 |
| MA7: | 1.45 | |
| MA20: | 1.34 | |
| MA50: | 9.77 | |
| MA100: | 17.20 | |
| MAexp7: | 1.50 | |
| MAexp20: | 2.33 | |
| MAexp50: | 7.90 | |
| MAexp100: | 14.36 | |
| Price / MA7: | +25.52% | |
| Price / MA20: | +35.82% | |
| Price / MA50: | -81.37% | |
| Price / MA100: | -89.42% | |
| Price / MAexp7: | +21.33% | |
| Price / MAexp20: | -21.89% | |
| Price / MAexp50: | -76.96% | |
| Price / MAexp100: | -87.33% |
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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