FANTOM - FTM/USDT

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Weekly - Technical analysis published on 09/30/2022 (GMT)

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Timeframe : Weekly
- Analysis generated on
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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 0.317267 USDT

My targets

0.216033 USDT (-5.33%)

0.158867 USDT (-30.38%)

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 0.317267 USDT. The sellers' bearish objective is set at 0.216033 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.158867 USDT. In case of crossing, the next objective would be the support located at 0.057633 USDT.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

5.5

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.

Additional analysis

Quotes

The FANTOM - FTM/USDT price is 0.228200 USDT. The price is up +0.18% over 5 days and was traded between 0.218600 USDT and 0.237600 USDT over the period. The price is currently at +4.39% from its lowest point and -3.96% from its highest point.

0.218600

0.237600

0.228200

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FANTOM - FTM/USDT in Weekly shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

The Central Indicators scanner found no further results concerning independent technical indicators.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Weekly

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:

Bearish harami

Type : Bearish

Timeframe : Weekly

Doji

Type : Neutral

Timeframe : Weekly

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.222600	0.228200	1.280000	1.657000	3.309000
Change (%)	-2.45%	-	+460.91%	+626.12%	+1,350.04%
Change	-0.005600	-	+1.051800	+1.428800	+3.080800
Level	Major	-	Minor	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	0.215467	0.219033	0.223367	0.226933	0.231267	0.234833	0.239167
Camarilla	0.225528	0.226252	0.226976	0.227700	0.228424	0.229148	0.229873
Woodie	0.215850	0.219225	0.223750	0.227125	0.231650	0.235025	0.239550
Fibonacci	0.219033	0.222051	0.223916	0.226933	0.229951	0.231816	0.234833

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.173300	0.194600	0.211200	0.232500	0.249100	0.270400	0.287000
Camarilla	0.217378	0.220852	0.224326	0.227800	0.231274	0.234748	0.238223
Woodie	0.170950	0.193425	0.208850	0.231325	0.246750	0.269225	0.284650
Fibonacci	0.194600	0.209078	0.218022	0.232500	0.246978	0.255922	0.270400

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.057633	0.158867	0.216033	0.317267	0.374433	0.475667	0.532833
Camarilla	0.229640	0.244160	0.258680	0.273200	0.287720	0.302240	0.316760
Woodie	0.035600	0.147850	0.194000	0.306250	0.352400	0.464650	0.510800
Fibonacci	0.158867	0.219376	0.256758	0.317267	0.377776	0.415158	0.475667

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):	34.99
MACD (12,26,9):	-0.2182
Directional Movement:	-8.172806
AROON (14):	-42.857143
DEMA (21):	0.102604
Parabolic SAR (0,02-0,02-0,2):	0.299053
Elder Ray (13):	-0.084629
Super Trend (3,10):	0.546566
Zig ZAG (10):	0.227300
VORTEX (21):	0.7801
Stochastique (14,3,5):	8.18
TEMA (21):	0.086137
Williams %R (14):	-94.52
Chande Momentum Oscillator (20):	-0.039100
Repulse (5,40,3):	-17.2369
ROCnROLL:	2
TRIX (15,9):	-4.6816
Courbe Coppock:	25.61

MA7:	0.227429
MA20:	0.236925
MA50:	0.274998
MA100:	0.289713
MAexp7:	0.257767
MAexp20:	0.420955
MAexp50:	0.743629
MAexp100:	0.744665
Price / MA7:	+0.34%
Price / MA20:	-3.68%
Price / MA50:	-17.02%
Price / MA100:	-21.23%
Price / MAexp7:	-11.47%
Price / MAexp20:	-45.79%
Price / MAexp50:	-69.31%
Price / MAexp100:	-69.36%

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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