FANTOM - FTM/USD

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Type:	Cryptocurrencies
Ticker:	FTMUSD
ISIN:

FANTOM - FTM/USD - 1H - Technical analysis published on 11/08/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

17%

22%

My opinion

Bullish above 0.693620 USD

My targets

0.768422 USD (+6.51%)

0.837551 USD (+16.09%)

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 0.693620 USD. The buyers' bullish objective is set at 0.768422 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.837551 USD. If there is any crossing, the next objective would be the resistance located at 0.923962 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

7.5

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 0.721443 USD. On the day, this instrument lost -0.11% and was between 0.705861 USD and 0.736773 USD. This implies that the price is at +2.21% from its lowest and at -2.08% from its highest.

0.705861

0.736773

0.721443

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of FANTOM - FTM/USD indicates that the overall trend is strongly bullish. 92.86% 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.

In fact, 11 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.634137	0.668882	0.719472	0.721443	0.837551	0.923962	1.143874
Change (%)	-12.10%	-7.29%	-0.27%	-	+16.09%	+28.07%	+58.55%
Change	-0.087306	-0.052561	-0.001971	-	+0.116108	+0.202519	+0.422431
Level	Major	Intermediate	Major	-	Minor	Intermediate	Major

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	0.643411	0.664204	0.693223	0.714016	0.743035	0.763828	0.792847
Camarilla	0.708544	0.713110	0.717676	0.722242	0.726808	0.731374	0.735940
Woodie	0.647524	0.666261	0.697336	0.716073	0.747148	0.765885	0.796960
Fibonacci	0.664204	0.683232	0.694988	0.714016	0.733044	0.744800	0.763828

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.463818	0.538620	0.578719	0.653521	0.693620	0.768422	0.808521
Camarilla	0.587219	0.597752	0.608284	0.618817	0.629350	0.639882	0.650415
Woodie	0.446466	0.529944	0.561367	0.644845	0.676268	0.759746	0.791169
Fibonacci	0.538620	0.582513	0.609629	0.653521	0.697414	0.724530	0.768422

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.354622	0.470964	0.562932	0.679274	0.771242	0.887584	0.979552
Camarilla	0.597616	0.616711	0.635806	0.654901	0.673996	0.693091	0.712186
Woodie	0.342436	0.464871	0.550746	0.673181	0.759056	0.881491	0.967366
Fibonacci	0.470964	0.550538	0.599699	0.679274	0.758848	0.808009	0.887584

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	59.76
MACD (12,26,9):	0.0040
Directional Movement:	12.436311
AROON (14):	-50.000000
DEMA (21):	0.722676
Parabolic SAR (0,02-0,02-0,2):	0.705861
Elder Ray (13):	0.007508
Super Trend (3,10):	0.696809
Zig ZAG (10):	0.730101
VORTEX (21):	1.0015
Stochastique (14,3,5):	56.58
TEMA (21):	0.717479
Williams %R (14):	-19.08
Chande Momentum Oscillator (20):	0.018897
Repulse (5,40,3):	2.7462
ROCnROLL:	1
TRIX (15,9):	0.0891
Courbe Coppock:	1.75

MA7:	0.640595
MA20:	0.670339
MA50:	0.674404
MA100:	0.549899
MAexp7:	0.718445
MAexp20:	0.716526
MAexp50:	0.698485
MAexp100:	0.672602
Price / MA7:	+12.62%
Price / MA20:	+7.62%
Price / MA50:	+6.97%
Price / MA100:	+31.20%
Price / MAexp7:	+0.42%
Price / MAexp20:	+0.69%
Price / MAexp50:	+3.29%
Price / MAexp100:	+7.26%

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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