FANTOM - FTM/USD - 1H - Technical analysis published on 06/26/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
FANTOM - FTM/USD Chart
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
39%
44%
My opinion
Bullish above 0.566241 USD
My targets
0.612672 USD (+3.11%)
0.636011 USD (+7.04%)
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 0.566241 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 0.566241 USD. The next bullish objective for buyers is set at 0.612672 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.636011 USD. If there is any crossing, the next objective would be the resistance located at 0.836406 USD. PS: if there is a bearish break in the support located at 0.566241 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.
Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.1
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This analysis was given by Londinia.
Additional analysis
Quotes
The FANTOM - FTM/USD price is 0.594191 USD. The price is lower by -3.67% since the last closing and was between 0.591288 USD and 0.627903 USD. This implies that the price is at +0.49% from its lowest and at -5.37% from its highest.0.591288
0.627903
0.594191
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this FANTOM - FTM/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, only 7 technical indicators out of 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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
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:
Near support of channel
Type : Bullish
Timeframe : 1 hour
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 | 0.538291 | 0.556468 | 0.591684 | 0.594191 | 0.612672 | 0.636011 | 0.836406 |
| Change (%) | -9.41% | -6.35% | -0.42% | - | +3.11% | +7.04% | +40.76% |
| Change | -0.055900 | -0.037723 | -0.002507 | - | +0.018481 | +0.041820 | +0.242215 |
| Level | Intermediate | Minor | Intermediate | - | 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 | 0.482089 | 0.510203 | 0.563516 | 0.591630 | 0.644943 | 0.673057 | 0.726370 |
| Camarilla | 0.594438 | 0.601902 | 0.609366 | 0.616830 | 0.624294 | 0.631758 | 0.639222 |
| Woodie | 0.494690 | 0.516503 | 0.576117 | 0.597930 | 0.657544 | 0.679357 | 0.738971 |
| Fibonacci | 0.510203 | 0.541308 | 0.560525 | 0.591630 | 0.622735 | 0.641952 | 0.673057 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.309423 | 0.392147 | 0.483517 | 0.566241 | 0.657611 | 0.740335 | 0.831705 |
| Camarilla | 0.527012 | 0.542971 | 0.558929 | 0.574888 | 0.590847 | 0.606805 | 0.622764 |
| Woodie | 0.313747 | 0.394309 | 0.487841 | 0.568403 | 0.661935 | 0.742497 | 0.836029 |
| Fibonacci | 0.392147 | 0.458651 | 0.499737 | 0.566241 | 0.632745 | 0.673831 | 0.740335 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.305158 | 0.471263 | 0.632203 | 0.798308 | 0.959248 | 1.125353 | 1.286293 |
| Camarilla | 0.703207 | 0.733186 | 0.763165 | 0.793144 | 0.823123 | 0.853102 | 0.883081 |
| Woodie | 0.302577 | 0.469972 | 0.629622 | 0.797017 | 0.956667 | 1.124062 | 1.283712 |
| Fibonacci | 0.471263 | 0.596194 | 0.673377 | 0.798308 | 0.923239 | 1.000422 | 1.125353 |
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): | 46.33 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 2.930864 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.600774 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.624102 | |
| Elder Ray (13): | -0.005204 | |
| Super Trend (3,10): | 0.582505 | |
| Zig ZAG (10): | 0.593392 | |
| VORTEX (21): | 0.8981 | |
| Stochastique (14,3,5): | 9.35 | |
| TEMA (21): | 0.597276 | |
| Williams %R (14): | -92.36 | |
| Chande Momentum Oscillator (20): | -0.003458 | |
| Repulse (5,40,3): | -0.9306 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0579 | |
| Courbe Coppock: | 0.75 |
| MA7: | 0.576850 | |
| MA20: | 0.628346 | |
| MA50: | 0.722165 | |
| MA100: | 0.782059 | |
| MAexp7: | 0.597302 | |
| MAexp20: | 0.599118 | |
| MAexp50: | 0.593913 | |
| MAexp100: | 0.587145 | |
| Price / MA7: | +3.01% | |
| Price / MA20: | -5.44% | |
| Price / MA50: | -17.72% | |
| Price / MA100: | -24.02% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -0.82% | |
| Price / MAexp50: | +0.05% | |
| Price / MAexp100: | +1.20% |
Quotes :
-
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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