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 01/23/2022 (GMT)

Timeframe : Daily
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Bearish

Underlying: Slightly bullish

Technical indicators

22%

56%

22%

My opinion

Neutral between 2.23 USDT and 2.59 USDT

My targets

My analysis

The short-term decline on FANTOM - FTM/USDT remains moderate but it could call into question the slightly bullish basic trend. It is difficult to advise a trading direction under these conditions. The first support is located at 2.23 USDT. The first resistance is located at 2.59 USDT. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.

In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.

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 finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FANTOM - FTM/USDT price is 2.31 USDT. On the day, this instrument gained +17.26% and was traded between 1.95 USDT and 2.37 USDT over the period. The price is currently at +18.46% from its lowest and -2.53% from its highest.

1.95

2.37

2.31

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Technical

Technical analysis of this Daily chart of FANTOM - FTM/USDT indicates that the overall trend is slightly bullish. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend could turn neutral or reverse given the slightly bearish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

Bearish price crossover with Moving Average 100

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : Daily

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

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

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	1.28	1.66	2.23	2.31	2.59	3.16
Change (%)	-44.59%	-28.14%	-3.46%	-	+12.12%	+36.80%
Change	-1.03	-0.65	-0.08	-	+0.28	+0.85
Level	Minor	Intermediate	Major	-	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	1.11	1.44	1.71	2.04	2.31	2.64	2.91
Camarilla	1.81	1.86	1.92	1.97	2.03	2.08	2.14
Woodie	1.07	1.43	1.67	2.03	2.27	2.63	2.87
Fibonacci	1.44	1.67	1.81	2.04	2.27	2.41	2.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.21	0.78	1.38	2.37	2.97	3.96	4.56
Camarilla	1.53	1.68	1.82	1.97	2.12	2.26	2.41
Woodie	-0.42	0.68	1.18	2.27	2.77	3.86	4.36
Fibonacci	0.78	1.39	1.77	2.37	2.98	3.36	3.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.30	0.77	1.51	1.98	2.72	3.19	3.93
Camarilla	1.92	2.03	2.14	2.25	2.36	2.47	2.58
Woodie	0.44	0.84	1.65	2.05	2.86	3.26	4.07
Fibonacci	0.77	1.23	1.52	1.98	2.44	2.73	3.19

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):	45.32
MACD (12,26,9):	0.0400
Directional Movement:	-10.64
AROON (14):	-35.72
DEMA (21):	2.67
Parabolic SAR (0,02-0,02-0,2):	3.28
Elder Ray (13):	-0.46
Super Trend (3,10):	3.24
Zig ZAG (10):	2.29
VORTEX (21):	0.9400
Stochastique (14,3,5):	19.07
TEMA (21):	2.57
Williams %R (14):	-67.23
Chande Momentum Oscillator (20):	-0.29
Repulse (5,40,3):	-7.3500
ROCnROLL:	2
TRIX (15,9):	1.0600
Courbe Coppock:	4.18

MA7:	2.55
MA20:	2.69
MA50:	2.15
MA100:	2.31
MAexp7:	2.47
MAexp20:	2.56
MAexp50:	2.37
MAexp100:	2.15
Price / MA7:	-9.41%
Price / MA20:	-14.13%
Price / MA50:	+7.44%
Price / MA100:	-0%
Price / MAexp7:	-6.48%
Price / MAexp20:	-9.77%
Price / MAexp50:	-2.53%
Price / MAexp100:	+7.44%

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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