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 04/24/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

72%

22%

My opinion

Bearish under 0.737958 USD

My targets

0.718736 USD (-1.19%)

0.676949 USD (-6.93%)

My analysis

The bearish trend is currently very strong for FANTOM - FTM/USD. As long as the price remains below the resistance at 0.737958 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.718736 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.676949 USD as an objective. Crossing it would then enable sellers to target 0.633200 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.

Force

7.9

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

FANTOM - FTM/USD rating 0.727371 USD. On the day, this instrument lost -0.21% and was traded between 0.710997 USD and 0.767672 USD over the period. The price is currently at +2.30% from its lowest and -5.25% from its highest.

0.710997

0.767672

0.727371

Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USD:

Abnormal volumes on FANTOM - FTM/USD were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of FANTOM - FTM/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 13 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of channel

Type : Bullish

Timeframe : 1 hour

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

Bullish harami cross

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.633200	0.676949	0.718736	0.727371	0.737958	0.756618	0.772965
Change (%)	-12.95%	-6.93%	-1.19%	-	+1.46%	+4.02%	+6.27%
Change	-0.094171	-0.050422	-0.008635	-	+0.010587	+0.029247	+0.045594
Level	Major	Minor	Intermediate	-	Intermediate	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.661251	0.692360	0.710633	0.741742	0.760015	0.791124	0.809397
Camarilla	0.715326	0.719853	0.724379	0.728906	0.733433	0.737959	0.742486
Woodie	0.654833	0.689151	0.704215	0.738533	0.753597	0.787915	0.802979
Fibonacci	0.692360	0.711224	0.722878	0.741742	0.760606	0.772260	0.791124

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.517632	0.567324	0.664989	0.714681	0.812346	0.862038	0.959703
Camarilla	0.722132	0.735640	0.749147	0.762655	0.776163	0.789671	0.803178
Woodie	0.541620	0.579317	0.688977	0.726674	0.836334	0.874031	0.983691
Fibonacci	0.567324	0.623614	0.658390	0.714681	0.770971	0.805747	0.862038

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.059859	0.338235	0.670987	0.949363	1.282115	1.560491	1.893243
Camarilla	0.835680	0.891700	0.947720	1.003740	1.059760	1.115780	1.171800
Woodie	0.087048	0.351829	0.698176	0.962957	1.309304	1.574085	1.920432
Fibonacci	0.338235	0.571686	0.715912	0.949363	1.182814	1.327040	1.560491

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):	34.80
MACD (12,26,9):	-0.0075
Directional Movement:	-22.007135
AROON (14):	-50.000000
DEMA (21):	0.728264
Parabolic SAR (0,02-0,02-0,2):	0.756070
Elder Ray (13):	-0.013900
Super Trend (3,10):	0.751141
Zig ZAG (10):	0.719357
VORTEX (21):	0.9515
Stochastique (14,3,5):	16.19
TEMA (21):	0.723214
Williams %R (14):	-84.58
Chande Momentum Oscillator (20):	-0.030996
Repulse (5,40,3):	-1.2960
ROCnROLL:	2
TRIX (15,9):	-0.0739
Courbe Coppock:	7.05

MA7:	0.727248
MA20:	0.780187
MA50:	0.869683
MA100:	0.639778
MAexp7:	0.725211
MAexp20:	0.736389
MAexp50:	0.743622
MAexp100:	0.741244
Price / MA7:	+0.02%
Price / MA20:	-6.77%
Price / MA50:	-16.36%
Price / MA100:	+13.69%
Price / MAexp7:	+0.30%
Price / MAexp20:	-1.22%
Price / MAexp50:	-2.19%
Price / MAexp100:	-1.87%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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