FANTOM - FTM/USDT - Daily - Technical analysis published on 01/23/2022 (GMT)
- 161
- 0
- Timeframe : Daily
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Neutral between 1.98 USDT and 2.37 USDT
My targets
-
My analysis
The basic trend is slightly bullish and the short term is tentatively bearish. With such a pattern, the price could just as easily move towards the first support as the first resistance. The first support is located at 1.98 USDT. The first resistance is located at 2.37 USDT. With no basic trend, it will be important to monitor the reaction of the price to the levels cited. A bearish break in the support could quickly reverse the basic trend. A bullish break in resistance would be welcome to boost the slightly bullish basic trend. On the other hand, if the price is blocked by support or resistance, it could be attractive to trade against the trend on the last short-term movement registered by FANTOM - FTM/USDT.
In the very short term, the neutral opinion of this analysis is confirmed by technical indicators which are also neutral.
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Additional analysis
Quotes
The FANTOM - FTM/USDT price is 2.23 USDT. The price has increased by +13.20% since the last closing and was traded between 1.95 USDT and 2.37 USDT over the period. The price is currently at +14.36% from its lowest and -5.91% from its highest.1.95
2.37
2.23
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.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on FANTOM - FTM/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this FANTOM - FTM/USDT chart shows a slightly bullish trend. 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 scanner detects bullish and bearish signals on moving averages 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
On the 18 technical indicators analysed, 4 are bullish, 3 are neutral and 11 are bearish. 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
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
Price is back over the pivot point
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.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.28 | 1.66 | 2.23 | 2.23 | 2.59 | 3.16 |
| Change (%) | -42.60% | -25.56% | 0% | - | +16.14% | +41.70% |
| Change | -0.95 | -0.57 | 0 | - | +0.36 | +0.93 |
| 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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 43.51 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -10.46 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 2.66 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.28 | |
| Elder Ray (13): | -0.40 | |
| Super Trend (3,10): | 3.24 | |
| Zig ZAG (10): | 2.20 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 16.99 | |
| TEMA (21): | 2.55 | |
| Williams %R (14): | -73.52 | |
| Chande Momentum Oscillator (20): | -0.39 | |
| Repulse (5,40,3): | -17.3300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 1.0600 | |
| Courbe Coppock: | 5.47 |
| MA7: | 2.54 | |
| MA20: | 2.69 | |
| MA50: | 2.15 | |
| MA100: | 2.31 | |
| MAexp7: | 2.44 | |
| MAexp20: | 2.55 | |
| MAexp50: | 2.37 | |
| MAexp100: | 2.14 | |
| Price / MA7: | -12.20% | |
| Price / MA20: | -17.10% | |
| Price / MA50: | +3.72% | |
| Price / MA100: | -3.46% | |
| Price / MAexp7: | -8.61% | |
| Price / MAexp20: | -12.55% | |
| Price / MAexp50: | -5.91% | |
| Price / MAexp100: | +4.21% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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