FTX TOKEN - FTT/USD - 1H - Technical analysis published on 12/28/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bearish
Technical indicators
22%
22%
56%
My opinion
Bearish under 3.46 USD
My targets
3.22 USD (-2.13%)
3.10 USD (-5.78%)
My analysis
There is a bearish trend on FTX TOKEN - FTT/USD both at the basic level and in the short term. A sale could be considered, so long as the price remains below 3.46 USD. Each support break is a strong signal that the current trend will continue. The first bearish objective would be 3.22 USD. Then the price could move towards 3.10 USD. Then 2.75 USD by extension. Be careful, a return to above the resistance 3.46 USD would be a sign of a weakening of the trend and a possible rebound phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend is perhaps more risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.6
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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 3.29 USD. The price is lower by -5.46% since the last closing and was traded between 3.21 USD and 3.56 USD over the period. The price is currently at +2.49% from its lowest and -7.58% from its highest.3.21
3.56
3.29
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of FTX TOKEN - FTT/USD in 1H shows an overall bearish trend. 71.43% of the signals given by moving averages are bearish. The overall trend seems to be showing some signs of weakness, as do the tentative bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found no further results concerning independent technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.55 | 2.75 | 3.10 | 3.29 | 3.46 | 3.95 | 4.15 |
| Change (%) | -22.49% | -16.41% | -5.78% | - | +5.17% | +20.06% | +26.14% |
| Change | -0.74 | -0.54 | -0.19 | - | +0.17 | +0.66 | +0.86 |
| Level | Major | Major | Intermediate | - | Major | 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 | 2.39 | 2.87 | 3.18 | 3.66 | 3.97 | 4.45 | 4.76 |
| Camarilla | 3.26 | 3.34 | 3.41 | 3.48 | 3.55 | 3.63 | 3.70 |
| Woodie | 2.30 | 2.83 | 3.09 | 3.62 | 3.88 | 4.41 | 4.67 |
| Fibonacci | 2.87 | 3.18 | 3.36 | 3.66 | 3.97 | 4.15 | 4.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.38 | 1.90 | 2.30 | 2.82 | 3.22 | 3.74 | 4.14 |
| Camarilla | 2.45 | 2.53 | 2.62 | 2.70 | 2.78 | 2.87 | 2.95 |
| Woodie | 1.32 | 1.87 | 2.24 | 2.79 | 3.16 | 3.71 | 4.08 |
| Fibonacci | 1.90 | 2.25 | 2.47 | 2.82 | 3.17 | 3.39 | 3.74 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.11 | 0.89 | 1.65 | 2.43 | 3.19 | 3.97 | 4.73 |
| Camarilla | 1.99 | 2.13 | 2.27 | 2.41 | 2.55 | 2.69 | 2.83 |
| Woodie | 0.10 | 0.89 | 1.64 | 2.43 | 3.18 | 3.97 | 4.72 |
| Fibonacci | 0.89 | 1.48 | 1.84 | 2.43 | 3.02 | 3.38 | 3.97 |
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): | 46.71 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | 2.85 | |
| AROON (14): | -42.86 | |
| DEMA (21): | 3.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.46 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 3.69 | |
| Zig ZAG (10): | 3.31 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 29.41 | |
| TEMA (21): | 3.27 | |
| Williams %R (14): | -73.33 | |
| Chande Momentum Oscillator (20): | -0.11 | |
| Repulse (5,40,3): | -2.8900 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2300 | |
| Courbe Coppock: | 6.13 |
| MA7: | 3.33 | |
| MA20: | 3.03 | |
| MA50: | 2.63 | |
| MA100: | 2.25 | |
| MAexp7: | 3.30 | |
| MAexp20: | 3.34 | |
| MAexp50: | 3.41 | |
| MAexp100: | 3.38 | |
| Price / MA7: | -1.20% | |
| Price / MA20: | +8.58% | |
| Price / MA50: | +25.10% | |
| Price / MA100: | +46.22% | |
| Price / MAexp7: | -0.30% | |
| Price / MAexp20: | -1.50% | |
| Price / MAexp50: | -3.52% | |
| Price / MAexp100: | -2.66% |
Quotes :
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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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