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FANTOM - FTM/USD
FANTOM - FTM/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: FTMUSD
ISIN:

FANTOM - FTM/USD - 1H - Technical analysis published on 04/17/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 0.518440 USD
My targets
0.530300 USD (+0.89%)
0.571000 USD (+8.64%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.518440 USD remains possible. It is advisable to trade FANTOM - FTM/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.518440 USD. The next bullish objective for buyers is set at 0.530300 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.571000 USD. If there is any crossing, the next objective would be the resistance located at 0.633200 USD. PS: if there is a bearish break in the support located at 0.518440 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.6

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.

Londinia
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The FANTOM - FTM/USD rating is 0.525600 USD. On the day, this instrument lost -0.42% and was traded between 0.516200 USD and 0.545200 USD over the period. The price is currently at +1.82% from its lowest and -3.60% from its highest.

0.516200
0.545200
0.525600

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The Central Records scanner for higher/lower results shows an item:

Central Records

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in 1H of this FANTOM - FTM/USD chart shows a bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, only 8 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

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 presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Bullish doji star

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.496167 0.507220 0.518440 0.525600 0.530300 0.571000 0.633200
Change (%) -5.60% -3.50% -1.36% - +0.89% +8.64% +20.47%
Change -0.029433 -0.018380 -0.007160 - +0.004700 +0.045400 +0.107600
Level Intermediate Minor Minor - Intermediate Minor Major



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
Standard0.4734330.4868670.5073330.5207670.5412330.5546670.575133
Camarilla0.5184780.5215850.5246930.5278000.5309080.5340150.537123
Woodie0.4769500.4886250.5108500.5225250.5447500.5564250.578650
Fibonacci0.4868670.4998170.5078170.5207670.5337170.5417170.554667


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.3702000.4058000.4591000.4947000.5480000.5836000.636900
Camarilla0.4879530.4961020.5042510.5124000.5205490.5286980.536848
Woodie0.3790500.4102250.4679500.4991250.5568500.5880250.645750
Fibonacci0.4058000.4397600.4607400.4947000.5286600.5496400.583600


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1174000.2113000.3439000.4378000.5704000.6643000.796900
Camarilla0.4142130.4349750.4557380.4765000.4972630.5180250.538788
Woodie0.1367500.2209750.3632500.4474750.5897500.6739750.816250
Fibonacci0.2113000.2978230.3512770.4378000.5243230.5777770.664300

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 47.14
MACD (12,26,9): 0.0011
Directional Movement: -1.386067
AROON (14): -71.428572
DEMA (21): 0.529549
Parabolic SAR (0,02-0,02-0,2): 0.538229
Elder Ray (13): -0.004925
Super Trend (3,10): 0.515346
Zig ZAG (10): 0.522700
VORTEX (21): 1.0229
Stochastique (14,3,5): 24.83
TEMA (21): 0.527189
Williams %R (14): -77.97
Chande Momentum Oscillator (20): -0.007000
Repulse (5,40,3): -0.4914
ROCnROLL: -1
TRIX (15,9): 0.1088
Courbe Coppock: 2.94
MA7: 0.512186
MA20: 0.478390
MA50: 0.451092
MA100: 0.431544
MAexp7: 0.526037
MAexp20: 0.526763
MAexp50: 0.521689
MAexp100: 0.514647
Price / MA7: +2.62%
Price / MA20: +9.87%
Price / MA50: +16.52%
Price / MA100: +21.80%
Price / MAexp7: -0.08%
Price / MAexp20: -0.22%
Price / MAexp50: +0.75%
Price / MAexp100: +2.13%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia
Londinia AI

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