FANTOM - FTM/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 03/04/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

44%

11%

44%

My opinion

Bearish under 1.92 USDT

My targets

1.66 USDT (-4.60%)

1.28 USDT (-26.44%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FANTOM - FTM/USDT as long as the price remains well below 1.92 USDT. The sellers' bearish objective is set at 1.66 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 1.28 USDT. In case of crossing, the next objective would be the support located at 0.92 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

4.6

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 1.74 USDT. The price is lower by -6.95% since the last closing and was traded between 1.71 USDT and 1.88 USDT over the period. The price is currently at +1.75% from its lowest and -7.45% from its highest.

1.71

1.88

1.74

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

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of FANTOM - FTM/USDT in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Daily

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.92	1.28	1.66	1.74	1.92	2.32	2.59
Change (%)	-47.13%	-26.44%	-4.60%	-	+10.34%	+33.33%	+48.85%
Change	-0.82	-0.46	-0.08	-	+0.18	+0.58	+0.85
Level	Intermediate	Major	Minor	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.58	1.70	1.78	1.90	1.98	2.10	2.18
Camarilla	1.82	1.83	1.85	1.87	1.89	1.91	1.93
Woodie	1.57	1.69	1.77	1.89	1.97	2.09	2.17
Fibonacci	1.70	1.77	1.82	1.90	1.97	2.02	2.10

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.84	1.07	1.42	1.65	2.00	2.23	2.58
Camarilla	1.61	1.66	1.72	1.77	1.82	1.88	1.93
Woodie	0.90	1.10	1.48	1.68	2.06	2.26	2.64
Fibonacci	1.07	1.29	1.43	1.65	1.87	2.01	2.23

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.15	0.73	1.25	1.83	2.35	2.93	3.45
Camarilla	1.48	1.58	1.68	1.78	1.88	1.98	2.08
Woodie	0.13	0.72	1.23	1.82	2.33	2.92	3.43
Fibonacci	0.73	1.15	1.41	1.83	2.25	2.51	2.93

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):	45.55
MACD (12,26,9):	-0.0700
Directional Movement:	-4.34
AROON (14):	42.85
DEMA (21):	1.71
Parabolic SAR (0,02-0,02-0,2):	1.37
Elder Ray (13):	0.01
Super Trend (3,10):	2.02
Zig ZAG (10):	1.73
VORTEX (21):	0.9500
Stochastique (14,3,5):	70.99
TEMA (21):	1.73
Williams %R (14):	-44.14
Chande Momentum Oscillator (20):	0.01
Repulse (5,40,3):	-8.3000
ROCnROLL:	2
TRIX (15,9):	-0.8400
Courbe Coppock:	9.54

MA7:	1.80
MA20:	1.79
MA50:	2.11
MA100:	2.07
MAexp7:	1.80
MAexp20:	1.83
MAexp50:	1.98
MAexp100:	2.01
Price / MA7:	-3.33%
Price / MA20:	-2.79%
Price / MA50:	-17.54%
Price / MA100:	-15.94%
Price / MAexp7:	-3.33%
Price / MAexp20:	-4.92%
Price / MAexp50:	-12.12%
Price / MAexp100:	-13.43%

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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