FANTOM - FTM/USD

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	FTMUSD
ISIN:

FANTOM - FTM/USD - 1H - Technical analysis published on 10/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
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FANTOM - FTM/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 0.673046 USD

My targets

0.695222 USD (+1.87%)

0.712782 USD (+4.44%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FANTOM - FTM/USD as long as the price remains well above 0.673046 USD. The buyers' bullish objective is set at 0.695222 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.712782 USD. If there is any crossing, the next objective would be the resistance located at 0.732293 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.3

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.

Additional analysis

Quotes

The FANTOM - FTM/USD rating is 0.682456 USD. The price registered an increase of +3.06% on the session and was traded between 0.662173 USD and 0.699069 USD over the period. The price is currently at +3.06% from its lowest and -2.38% from its highest.

0.662173

0.699069

0.682456

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

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 (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FANTOM - FTM/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

Near resistance of triangle

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.634137	0.657976	0.673046	0.682456	0.695222	0.712782	0.732293
Change (%)	-7.08%	-3.59%	-1.38%	-	+1.87%	+4.44%	+7.30%
Change	-0.048319	-0.024480	-0.009410	-	+0.012766	+0.030326	+0.049837
Level	Major	Minor	Minor	-	Intermediate	Intermediate	Minor

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
Standard	0.583606	0.612533	0.637367	0.666294	0.691128	0.720055	0.744889
Camarilla	0.647416	0.652344	0.657272	0.662200	0.667128	0.672056	0.676984
Woodie	0.581559	0.611510	0.635320	0.665271	0.689081	0.719032	0.742842
Fibonacci	0.612533	0.633070	0.645758	0.666294	0.686831	0.699519	0.720055

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.367870	0.477587	0.543940	0.653657	0.720010	0.829727	0.896080
Camarilla	0.561873	0.578013	0.594152	0.610292	0.626432	0.642572	0.658711
Woodie	0.346187	0.466746	0.522257	0.642816	0.698327	0.818886	0.874397
Fibonacci	0.477587	0.544846	0.586399	0.653657	0.720916	0.762469	0.829727

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.077963	0.217701	0.455511	0.595249	0.833059	0.972797	1.210607
Camarilla	0.589496	0.624105	0.658713	0.693322	0.727931	0.762539	0.797148
Woodie	0.127000	0.242219	0.504548	0.619767	0.882096	0.997315	1.259644
Fibonacci	0.217701	0.361924	0.451025	0.595249	0.739472	0.828573	0.972797

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):	60.29
MACD (12,26,9):	0.0084
Directional Movement:	18.715111
AROON (14):	42.857143
DEMA (21):	0.688509
Parabolic SAR (0,02-0,02-0,2):	0.657258
Elder Ray (13):	0.008695
Super Trend (3,10):	0.656112
Zig ZAG (10):	0.689949
VORTEX (21):	1.1398
Stochastique (14,3,5):	74.64
TEMA (21):	0.688764
Williams %R (14):	-27.12
Chande Momentum Oscillator (20):	0.014278
Repulse (5,40,3):	-0.4470
ROCnROLL:	1
TRIX (15,9):	0.1722
Courbe Coppock:	3.32

MA7:	0.643462
MA20:	0.660401
MA50:	0.540989
MA100:	0.486764
MAexp7:	0.684786
MAexp20:	0.677403
MAexp50:	0.662626
MAexp100:	0.653709
Price / MA7:	+6.06%
Price / MA20:	+3.34%
Price / MA50:	+26.15%
Price / MA100:	+40.20%
Price / MAexp7:	-0.34%
Price / MAexp20:	+0.75%
Price / MAexp50:	+2.99%
Price / MAexp100:	+4.40%

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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