FANTOM - FTM/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSD
ISIN:

FANTOM - FTM/USD - Daily - Technical analysis published on 05/16/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

72%

22%

My opinion

Bullish above 0.749516 USD

My targets

0.940314 USD (+16.25%)

1.016319 USD (+25.65%)

My analysis

FANTOM - FTM/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.749516 USD. The next resistance located at 0.940314 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.016319 USD. After this resistance, buyers could then target 1.143874 USD.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

6.4

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

Additional analysis

Quotes

The FANTOM - FTM/USD price is 0.808858 USD. On the day, this instrument gained +6.59% with the lowest point at 0.754863 USD and the highest point at 0.819008 USD. The deviation from the price is +7.15% for the low point and -1.24% for the high point.

0.754863

0.819008

0.808858

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

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FANTOM - FTM/USD chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.556468	0.633200	0.798269	0.808858	1.016319	1.143874	1.628000
Change (%)	-31.20%	-21.72%	-1.31%	-	+25.65%	+41.42%	+101.27%
Change	-0.252390	-0.175658	-0.010589	-	+0.207461	+0.335016	+0.819142
Level	Intermediate	Major	Minor	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.540312	0.588840	0.673837	0.722365	0.807362	0.855890	0.940887
Camarilla	0.722116	0.734355	0.746595	0.758835	0.771075	0.783315	0.795554
Woodie	0.558548	0.597957	0.692073	0.731482	0.825598	0.865007	0.959123
Fibonacci	0.588840	0.639846	0.671358	0.722365	0.773371	0.804883	0.855890

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.571004	0.610841	0.660403	0.700240	0.749802	0.789639	0.839201
Camarilla	0.685381	0.693576	0.701771	0.709966	0.718161	0.726356	0.734551
Woodie	0.575868	0.613272	0.665267	0.702671	0.754666	0.792070	0.844065
Fibonacci	0.610841	0.644991	0.666089	0.700240	0.734390	0.755488	0.789639

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.033068	0.262825	0.453623	0.749516	0.940314	1.236207	1.427005
Camarilla	0.510581	0.555194	0.599808	0.644421	0.689034	0.733648	0.778261
Woodie	-0.085616	0.236551	0.401076	0.723242	0.887767	1.209933	1.374458
Fibonacci	0.262825	0.448741	0.563600	0.749516	0.935432	1.050291	1.236207

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):	60.32
MACD (12,26,9):	-0.0054
Directional Movement:	5.907183
AROON (14):	7.142857
DEMA (21):	0.701357
Parabolic SAR (0,02-0,02-0,2):	0.583933
Elder Ray (13):	0.070825
Super Trend (3,10):	0.613937
Zig ZAG (10):	0.815081
VORTEX (21):	1.0427
Stochastique (14,3,5):	70.53
TEMA (21):	0.719744
Williams %R (14):	-2.07
Chande Momentum Oscillator (20):	0.121840
Repulse (5,40,3):	17.3163
ROCnROLL:	1
TRIX (15,9):	-0.4279
Courbe Coppock:	7.85

MA7:	0.716525
MA20:	0.700413
MA50:	0.770575
MA100:	0.714840
MAexp7:	0.729052
MAexp20:	0.716803
MAexp50:	0.735569
MAexp100:	0.691442
Price / MA7:	+12.89%
Price / MA20:	+15.48%
Price / MA50:	+4.97%
Price / MA100:	+13.15%
Price / MAexp7:	+10.95%
Price / MAexp20:	+12.84%
Price / MAexp50:	+9.96%
Price / MAexp100:	+16.98%

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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