FANTOM - FTM/USD - 1H - Technical analysis published on 12/10/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 1.14 USD
My targets
1.08 USD (-3.57%)
0.98 USD (-12.50%)
My analysis
The bearish trend is currently very strong for FANTOM - FTM/USD. As long as the price remains below the resistance at 1.14 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 1.08 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.98 USD as an objective. Crossing it would then enable sellers to target 0.92 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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
The FANTOM - FTM/USD rating is 1.12 USD. The price is lower by -0.89% since the last closing with the lowest point at 1.05 USD and the highest point at 1.20 USD. The deviation from the price is +6.67% for the low point and -6.67% for the high point.1.05
1.20
1.12
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of FANTOM - FTM/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 4 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.92 | 0.98 | 1.08 | 1.12 | 1.14 | 1.21 | 1.26 |
| Change (%) | -17.86% | -12.50% | -3.57% | - | +1.79% | +8.04% | +12.50% |
| Change | -0.20 | -0.14 | -0.04 | - | +0.02 | +0.09 | +0.14 |
| Level | Minor | Major | Major | - | Major | Intermediate | Intermediate |
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 | 0.63 | 0.82 | 0.97 | 1.16 | 1.31 | 1.50 | 1.65 |
| Camarilla | 1.04 | 1.07 | 1.10 | 1.13 | 1.16 | 1.19 | 1.22 |
| Woodie | 0.62 | 0.81 | 0.96 | 1.15 | 1.30 | 1.49 | 1.64 |
| Fibonacci | 0.82 | 0.95 | 1.03 | 1.16 | 1.29 | 1.37 | 1.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.66 | 0.82 | 1.07 | 1.23 | 1.48 | 1.64 | 1.89 |
| Camarilla | 1.21 | 1.25 | 1.28 | 1.32 | 1.36 | 1.40 | 1.43 |
| Woodie | 0.71 | 0.84 | 1.12 | 1.25 | 1.53 | 1.66 | 1.94 |
| Fibonacci | 0.82 | 0.98 | 1.07 | 1.23 | 1.39 | 1.48 | 1.64 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.08 | 0.30 | 0.68 | 0.90 | 1.28 | 1.50 | 1.88 |
| Camarilla | 0.89 | 0.94 | 1.00 | 1.05 | 1.11 | 1.16 | 1.22 |
| Woodie | 0.15 | 0.34 | 0.75 | 0.94 | 1.35 | 1.54 | 1.95 |
| Fibonacci | 0.30 | 0.53 | 0.67 | 0.90 | 1.13 | 1.27 | 1.50 |
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): | 39.67 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -18.58 | |
| AROON (14): | -57.15 | |
| DEMA (21): | 1.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.18 | |
| Elder Ray (13): | -0.03 | |
| Super Trend (3,10): | 1.20 | |
| Zig ZAG (10): | 1.11 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 20.38 | |
| TEMA (21): | 1.11 | |
| Williams %R (14): | -69.13 | |
| Chande Momentum Oscillator (20): | -0.07 | |
| Repulse (5,40,3): | 0.2500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2800 | |
| Courbe Coppock: | 3.36 |
| MA7: | 1.25 | |
| MA20: | 1.09 | |
| MA50: | 0.85 | |
| MA100: | 0.73 | |
| MAexp7: | 1.12 | |
| MAexp20: | 1.14 | |
| MAexp50: | 1.19 | |
| MAexp100: | 1.22 | |
| Price / MA7: | -10.40% | |
| Price / MA20: | +2.75% | |
| Price / MA50: | +31.76% | |
| Price / MA100: | +53.42% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | -1.75% | |
| Price / MAexp50: | -5.88% | |
| Price / MAexp100: | -8.20% |
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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