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 10/01/2022 (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

33%

39%

28%

My opinion

Bearish under 0.269033 USDT

My targets

0.198533 USDT (-11.53%)

0.171967 USDT (-23.37%)

My analysis

The bearish trend is currently very strong for FANTOM - FTM/USDT. As long as the price remains below the resistance at 0.269033 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.198533 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.171967 USDT as an objective. Crossing it would then enable sellers to target 0.128033 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 are neutral, but do not change the general bearish opinion of this analysis.

Force

6.3

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 rating is 0.224400 USDT. On the day, this instrument lost -0.31% and was between 0.222100 USDT and 0.227000 USDT. This implies that the price is at +1.04% from its lowest and at -1.15% from its highest.

0.222100

0.227000

0.224400

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USDT:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this FANTOM - FTM/USDT chart shows a sharp bearish trend. 92.86% 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 market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 6 are bullish, 5 are neutral and 7 are bearish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back under 0

Type : Bearish

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

	S1	Price	R1	R2	R3
ProTrendLines	0.222600	0.224400	0.684700	1.117000	1.280000
Change (%)	-0.80%	-	+205.12%	+397.77%	+470.41%
Change	-0.001800	-	+0.460300	+0.892600	+1.055600
Level	Major	-	Minor	Minor	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.214500	0.219100	0.222100	0.226700	0.229700	0.234300	0.237300
Camarilla	0.223010	0.223707	0.224403	0.225100	0.225797	0.226493	0.227190
Woodie	0.213700	0.218700	0.221300	0.226300	0.228900	0.233900	0.236500
Fibonacci	0.219100	0.222003	0.223797	0.226700	0.229603	0.231397	0.234300

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	0.128033	0.171967	0.198533	0.242467	0.269033	0.312967	0.339533
Camarilla	0.205713	0.212175	0.218638	0.225100	0.231563	0.238025	0.244488
Woodie	0.119350	0.167625	0.189850	0.238125	0.260350	0.308625	0.330850
Fibonacci	0.171967	0.198898	0.215536	0.242467	0.269398	0.286036	0.312967

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.21
MACD (12,26,9):	-0.0127
Directional Movement:	-11.949676
AROON (14):	-21.428572
DEMA (21):	0.218119
Parabolic SAR (0,02-0,02-0,2):	0.232704
Elder Ray (13):	-0.005842
Super Trend (3,10):	0.260744
Zig ZAG (10):	0.224200
VORTEX (21):	0.8291
Stochastique (14,3,5):	25.68
TEMA (21):	0.220117
Williams %R (14):	-78.36
Chande Momentum Oscillator (20):	-0.006000
Repulse (5,40,3):	-1.5965
ROCnROLL:	2
TRIX (15,9):	-0.8249
Courbe Coppock:	15.35

MA7:	0.226457
MA20:	0.234340
MA50:	0.271374
MA100:	0.289197
MAexp7:	0.226757
MAexp20:	0.236529
MAexp50:	0.264302
MAexp100:	0.343017
Price / MA7:	-0.91%
Price / MA20:	-4.24%
Price / MA50:	-17.31%
Price / MA100:	-22.41%
Price / MAexp7:	-1.04%
Price / MAexp20:	-5.13%
Price / MAexp50:	-15.10%
Price / MAexp100:	-34.58%

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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