FANTOM - FTM/USD - 1H - Technical analysis published on 05/20/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
6%
6%
My opinion
Bullish above 0.940314 USD
My targets
0.980267 USD (+4.24%)
1.016319 USD (+8.08%)
My analysis
The bullish trend is currently very strong on FANTOM - FTM/USD. As long as the price remains above the support at 0.940314 USD, you could try to benefit from the boom. The first bullish objective is located at 0.980267 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.016319 USD as an objective. Crossing it would then enable buyers to target 1.143874 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
The FANTOM - FTM/USD rating is 0.940359 USD. The price registered an increase of +11.14% on the session with the lowest point at 0.838264 USD and the highest point at 0.941938 USD. The deviation from the price is +12.18% for the low point and -0.17% for the high point.0.838264
0.941938
0.940359
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FANTOM - FTM/USD in 1H shows a strongly overall bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.819008 | 0.846098 | 0.892592 | 0.940359 | 1.016319 | 1.143874 | 1.628000 |
| Change (%) | -12.90% | -10.02% | -5.08% | - | +8.08% | +21.64% | +73.13% |
| Change | -0.121351 | -0.094261 | -0.047767 | - | +0.075960 | +0.203515 | +0.687641 |
| Level | Minor | Major | Minor | - | Minor | Major | Minor |
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 | 0.732131 | 0.785214 | 0.815654 | 0.868737 | 0.899177 | 0.952260 | 0.982700 |
| Camarilla | 0.823124 | 0.830781 | 0.838437 | 0.846093 | 0.853749 | 0.861406 | 0.869062 |
| Woodie | 0.720809 | 0.779553 | 0.804332 | 0.863076 | 0.887855 | 0.946599 | 0.971378 |
| Fibonacci | 0.785214 | 0.817120 | 0.836832 | 0.868737 | 0.900643 | 0.920355 | 0.952260 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.457799 | 0.547583 | 0.719033 | 0.808817 | 0.980267 | 1.070051 | 1.241501 |
| Camarilla | 0.818644 | 0.842590 | 0.866537 | 0.890483 | 0.914430 | 0.938376 | 0.962322 |
| Woodie | 0.498632 | 0.568000 | 0.759866 | 0.829234 | 1.021100 | 1.090468 | 1.282334 |
| Fibonacci | 0.547583 | 0.647374 | 0.709026 | 0.808817 | 0.908608 | 0.970260 | 1.070051 |
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): | 71.42 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 25.607736 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.886038 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.857688 | |
| Elder Ray (13): | 0.028590 | |
| Super Trend (3,10): | 0.870658 | |
| Zig ZAG (10): | 0.909703 | |
| VORTEX (21): | 1.1988 | |
| Stochastique (14,3,5): | 97.12 | |
| TEMA (21): | 0.896351 | |
| Williams %R (14): | -1.12 | |
| Chande Momentum Oscillator (20): | 0.060816 | |
| Repulse (5,40,3): | 3.0393 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0336 | |
| Courbe Coppock: | 9.41 |
| MA7: | 0.806725 | |
| MA20: | 0.731930 | |
| MA50: | 0.759994 | |
| MA100: | 0.733650 | |
| MAexp7: | 0.896966 | |
| MAexp20: | 0.876607 | |
| MAexp50: | 0.865254 | |
| MAexp100: | 0.839682 | |
| Price / MA7: | +16.57% | |
| Price / MA20: | +28.48% | |
| Price / MA50: | +23.73% | |
| Price / MA100: | +28.18% | |
| Price / MAexp7: | +4.84% | |
| Price / MAexp20: | +7.27% | |
| Price / MAexp50: | +8.68% | |
| Price / MAexp100: | +11.99% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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