FANTOM - FTM/USDT - Daily - Technical analysis published on 03/13/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 1.28 USDT
My targets
0.99 USDT (-15.38%)
0.92 USDT (-21.37%)
My analysis
The bearish trend is currently very strong for FANTOM - FTM/USDT. As long as the price remains below the resistance at 1.28 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.99 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.92 USDT as an objective. Crossing it would then enable sellers to target 0.65 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.9
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Additional analysis
Quotes
The FANTOM - FTM/USDT rating is 1.17 USDT. The price registered a decrease of -1.68% on the session with the lowest point at 1.17 USDT and the highest point at 1.21 USDT. The deviation from the price is 0% for the low point and -3.31% for the high point.1.17
1.21
1.17
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USDT:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FANTOM - FTM/USDT in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.43 | 0.65 | 0.92 | 1.17 | 1.28 | 1.66 | 2.00 |
Change (%) | -63.25% | -44.44% | -21.37% | - | +9.40% | +41.88% | +70.94% |
Change | -0.74 | -0.52 | -0.25 | - | +0.11 | +0.49 | +0.83 |
Level | Minor | Minor | Intermediate | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 1.08 | 1.14 | 1.16 | 1.22 | 1.24 | 1.30 | 1.32 |
Camarilla | 1.17 | 1.18 | 1.18 | 1.19 | 1.20 | 1.21 | 1.21 |
Woodie | 1.07 | 1.13 | 1.15 | 1.21 | 1.23 | 1.29 | 1.31 |
Fibonacci | 1.14 | 1.17 | 1.19 | 1.22 | 1.25 | 1.27 | 1.30 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.43 | 0.79 | 0.99 | 1.35 | 1.55 | 1.91 | 2.11 |
Camarilla | 1.04 | 1.09 | 1.14 | 1.19 | 1.24 | 1.29 | 1.34 |
Woodie | 0.35 | 0.75 | 0.91 | 1.31 | 1.47 | 1.87 | 2.03 |
Fibonacci | 0.79 | 1.00 | 1.14 | 1.35 | 1.56 | 1.70 | 1.91 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 32.97 | |
MACD (12,26,9): | -0.1900 | |
Directional Movement: | -17.70 | |
AROON (14): | -64.28 | |
DEMA (21): | 1.26 | |
Parabolic SAR (0,02-0,02-0,2): | 1.81 | |
Elder Ray (13): | -0.22 | |
Super Trend (3,10): | 1.65 | |
Zig ZAG (10): | 1.17 | |
VORTEX (21): | 0.8700 | |
Stochastique (14,3,5): | 3.98 | |
TEMA (21): | 1.19 | |
Williams %R (14): | -97.31 | |
Chande Momentum Oscillator (20): | -0.66 | |
Repulse (5,40,3): | -13.3100 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -1.2300 | |
Courbe Coppock: | 48.49 |
MA7: | 1.26 | |
MA20: | 1.54 | |
MA50: | 1.85 | |
MA100: | 1.99 | |
MAexp7: | 1.28 | |
MAexp20: | 1.51 | |
MAexp50: | 1.78 | |
MAexp100: | 1.89 | |
Price / MA7: | -7.14% | |
Price / MA20: | -24.03% | |
Price / MA50: | -36.76% | |
Price / MA100: | -41.21% | |
Price / MAexp7: | -8.59% | |
Price / MAexp20: | -22.52% | |
Price / MAexp50: | -34.27% | |
Price / MAexp100: | -38.10% |
Quotes :
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Real time data
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