FANTOM - FTM/USDT - Daily - Technical analysis published on 04/30/2022 (GMT)
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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
17%
72%
11%
My opinion
Bearish under 0.850000 USDT
My targets
0.660000 USDT (-14.31%)
0.160000 USDT (-79.23%)
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 0.850000 USDT. The sellers' bearish objective is set at 0.660000 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.160000 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 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
FANTOM - FTM/USDT rating 0.770200 USDT. The price is lower by -7.62% since the last closing with the lowest point at 0.768700 USDT and the highest point at 0.853400 USDT. The deviation from the price is +0.20% for the low point and -9.75% for the high point.0.768700
0.853400
0.770200
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of FANTOM - FTM/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Previous candle closed under Bollinger bands
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 scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.160000 | 0.650000 | 0.770200 | 0.920000 | 1.090000 | 1.280000 |
| Change (%) | -79.23% | -15.61% | - | +19.45% | +41.52% | +66.19% |
| Change | -0.610200 | -0.120200 | - | +0.149800 | +0.319800 | +0.509800 |
| Level | Minor | 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 | 0.588733 | 0.695967 | 0.764833 | 0.872067 | 0.940933 | 1.048167 | 1.117033 |
| Camarilla | 0.785273 | 0.801415 | 0.817558 | 0.833700 | 0.849843 | 0.865985 | 0.882128 |
| Woodie | 0.569550 | 0.686375 | 0.745650 | 0.862475 | 0.921750 | 1.038575 | 1.097850 |
| Fibonacci | 0.695967 | 0.763237 | 0.804797 | 0.872067 | 0.939337 | 0.980897 | 1.048167 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.854000 | 0.957000 | 1.024000 | 1.127000 | 1.194000 | 1.297000 | 1.364000 |
| Camarilla | 1.044250 | 1.059833 | 1.075417 | 1.091000 | 1.106583 | 1.122167 | 1.137750 |
| Woodie | 0.836000 | 0.948000 | 1.006000 | 1.118000 | 1.176000 | 1.288000 | 1.346000 |
| Fibonacci | 0.957000 | 1.021940 | 1.062060 | 1.127000 | 1.191940 | 1.232060 | 1.297000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.660000 | 0.850000 | 1.140000 | 1.330000 | 1.620000 | 1.810000 | 2.100000 |
| Camarilla | 1.298000 | 1.342000 | 1.386000 | 1.430000 | 1.474000 | 1.518000 | 1.562000 |
| Woodie | 0.710000 | 0.875000 | 1.190000 | 1.355000 | 1.670000 | 1.835000 | 2.150000 |
| Fibonacci | 0.850000 | 1.033360 | 1.146640 | 1.330000 | 1.513360 | 1.626640 | 1.810000 |
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): | 23.76 | |
| MACD (12,26,9): | -0.1146 | |
| Directional Movement: | -26.872313 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.929988 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.053756 | |
| Elder Ray (13): | -0.192010 | |
| Super Trend (3,10): | 1.070393 | |
| Zig ZAG (10): | 0.791200 | |
| VORTEX (21): | 0.7161 | |
| Stochastique (14,3,5): | 3.84 | |
| TEMA (21): | 0.883915 | |
| Williams %R (14): | -99.24 | |
| Chande Momentum Oscillator (20): | -0.355600 | |
| Repulse (5,40,3): | -27.3919 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -1.0056 | |
| Courbe Coppock: | 37.83 |
| MA7: | 0.956400 | |
| MA20: | 1.079370 | |
| MA50: | 1.233556 | |
| MA100: | 1.558583 | |
| MAexp7: | 0.933655 | |
| MAexp20: | 1.070814 | |
| MAexp50: | 1.255969 | |
| MAexp100: | 1.467313 | |
| Price / MA7: | -19.47% | |
| Price / MA20: | -28.64% | |
| Price / MA50: | -37.56% | |
| Price / MA100: | -50.58% | |
| Price / MAexp7: | -17.51% | |
| Price / MAexp20: | -28.07% | |
| Price / MAexp50: | -38.68% | |
| Price / MAexp100: | -47.51% |
Quotes :
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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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