FANTOM - FTM/USDT
FANTOM - FTM/USDT
- USDT (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 10/20/2021 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 1.86 USDT
My targets
2.51 USDT (+7.73%)
3.09 USDT (+32.62%)
My analysis
The bullish trend is currently very strong on FANTOM - FTM/USDT. As long as the price remains above the support at 1.86 USDT, you could try to benefit from the boom. The first bullish objective is located at 2.51 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 3.09 USDT as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.2

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 finacian. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

FANTOM - FTM/USDT rating 2.33 USDT. The price registered a decrease of -0.85% on the session and was traded between 2.16 USDT and 2.51 USDT over the period. The price is currently at +7.87% from its lowest and -7.17% from its highest.

2.16
2.51
2.33

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of FANTOM - FTM/USDT in Daily shows a strongly overall bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily


Price is back over the pivot point

Type : Bullish

Timeframe : Daily



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 0.92 1.40 1.66 2.33 2.34
Change (%) -60.52% -39.91% -28.76% - +0.43%
Change -1.41 -0.93 -0.67 - +0.01
Level Major Intermediate Major - Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.932.072.212.352.492.632.77
Camarilla2.272.302.322.352.382.402.43
Woodie1.932.072.212.352.492.632.77
Fibonacci2.072.182.242.352.462.522.63


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.451.681.912.142.372.602.83
Camarilla2.012.062.102.142.182.222.27
Woodie1.451.681.912.142.372.602.83
Fibonacci1.681.861.962.142.322.422.60


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.600.050.631.281.862.513.09
Camarilla0.870.991.101.211.321.441.55
Woodie-0.640.030.601.261.832.493.06
Fibonacci0.050.520.811.281.752.042.51

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): 63.20
MACD (12,26,9): 0.2500
Directional Movement: 20.62
AROON (14): 100.00
DEMA (21): 2.30
Parabolic SAR (0,02-0,02-0,2): 1.92
Elder Ray (13): 0.24
Super Trend (3,10): 1.63
Zig ZAG (10): 2.30
VORTEX (21): 1.2000
Stochastique (14,3,5): 82.28
TEMA (21): 2.36
Williams %R (14): -21.79
Chande Momentum Oscillator (20): 0.00
Repulse (5,40,3): 2.2900
ROCnROLL: 1
TRIX (15,9): 2.2600
Courbe Coppock: 81.95
MA7: 2.18
MA20: 1.95
MA50: 1.54
MA100: 0.94
MAexp7: 2.22
MAexp20: 1.97
MAexp50: 1.56
MAexp100: 1.17
Price / MA7: +6.88%
Price / MA20: +19.49%
Price / MA50: +51.30%
Price / MA100: +147.87%
Price / MAexp7: +4.95%
Price / MAexp20: +18.27%
Price / MAexp50: +49.36%
Price / MAexp100: +99.15%

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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