FANTOM - FTM/USD - Daily - Technical analysis published on 01/02/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 0.923962 USD
My targets
0.698429 USD (-15.57%)
0.634137 USD (-23.34%)
My analysis
FANTOM - FTM/USD is currently trying to strengthen its basic trend with a very bearish short term. As long as the price remains below 0.923962 USD, traders may consider taking advantage of this bearish acceleration and setting themselves to trade only in short positions (for sale). Sellers will encounter the support at 0.698429 USD. A bearish break in this support would confirm a continuation of the bearish acceleration. The next support located at 0.634137 USD would then be the next bearish objective for sellers. Crossing it would then enable sellers to target 0.543772 USD. Beware of a possible return to above the resistance located at 0.923962 USD which would be a sign of a correction of the short-term bearish excesses registered.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3
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This analysis was given by Mark Thomer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FANTOM - FTM/USD rating 0.827185 USD. The price has increased by +3.70% since the last closing and was traded between 0.784256 USD and 0.840053 USD over the period. The price is currently at +5.47% from its lowest and -1.53% from its highest.0.784256
0.840053
0.827185
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this FANTOM - FTM/USD chart shows a slightly bearish trend. 60.71% of the signals given by moving averages are bearish. The overall trend could accelerate as a result of the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Moving Average bearish crossovers : MA20 & MA50
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 7 are bullish, 3 are neutral and 8 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.410488 | 0.543772 | 0.634137 | 0.827185 | 0.923962 | 1.143874 | 1.439131 |
| Change (%) | -50.38% | -34.26% | -23.34% | - | +11.70% | +38.29% | +73.98% |
| Change | -0.416697 | -0.283413 | -0.193048 | - | +0.096777 | +0.316689 | +0.611946 |
| Level | Intermediate | Major | Major | - | Major | Major | 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 | 0.540850 | 0.601979 | 0.699828 | 0.760957 | 0.858806 | 0.919935 | 1.017784 |
| Camarilla | 0.753958 | 0.768531 | 0.783104 | 0.797677 | 0.812250 | 0.826823 | 0.841396 |
| Woodie | 0.559210 | 0.611159 | 0.718188 | 0.770137 | 0.877166 | 0.929115 | 1.036144 |
| Fibonacci | 0.601979 | 0.662709 | 0.700227 | 0.760957 | 0.821687 | 0.859205 | 0.919935 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.433509 | 0.606774 | 0.698429 | 0.871694 | 0.963349 | 1.136614 | 1.228269 |
| Camarilla | 0.717230 | 0.741514 | 0.765799 | 0.790083 | 0.814367 | 0.838652 | 0.862936 |
| Woodie | 0.392703 | 0.586372 | 0.657623 | 0.851292 | 0.922543 | 1.116212 | 1.187463 |
| Fibonacci | 0.606774 | 0.707974 | 0.770495 | 0.871694 | 0.972894 | 1.035415 | 1.136614 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.378994 | 0.148551 | 0.413721 | 0.941266 | 1.206436 | 1.733981 | 1.999151 |
| Camarilla | 0.460893 | 0.533559 | 0.606225 | 0.678890 | 0.751556 | 0.824221 | 0.896887 |
| Woodie | -0.510183 | 0.082957 | 0.282533 | 0.875672 | 1.075248 | 1.668387 | 1.867963 |
| Fibonacci | 0.148551 | 0.451369 | 0.638449 | 0.941266 | 1.244084 | 1.431164 | 1.733981 |
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): | 42.76 | |
| MACD (12,26,9): | -0.0904 | |
| Directional Movement: | -11.460027 | |
| AROON (14): | -92.857143 | |
| DEMA (21): | 0.824269 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.003935 | |
| Elder Ray (13): | -0.055925 | |
| Super Trend (3,10): | 1.031582 | |
| Zig ZAG (10): | 0.829359 | |
| VORTEX (21): | 0.8283 | |
| Stochastique (14,3,5): | 21.62 | |
| TEMA (21): | 0.715486 | |
| Williams %R (14): | -61.72 | |
| Chande Momentum Oscillator (20): | -0.136073 | |
| Repulse (5,40,3): | 7.3763 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8537 | |
| Courbe Coppock: | 61.12 |
| MA7: | 0.776335 | |
| MA20: | 0.985907 | |
| MA50: | 1.006348 | |
| MA100: | 0.845620 | |
| MAexp7: | 0.806726 | |
| MAexp20: | 0.924453 | |
| MAexp50: | 0.952417 | |
| MAexp100: | 0.869005 | |
| Price / MA7: | +6.55% | |
| Price / MA20: | -16.10% | |
| Price / MA50: | -17.80% | |
| Price / MA100: | -2.18% | |
| Price / MAexp7: | +2.54% | |
| Price / MAexp20: | -10.52% | |
| Price / MAexp50: | -13.15% | |
| Price / MAexp100: | -4.81% |
Quotes :
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Real time data
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