FANTOM - FTM/USDT

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Change:	-
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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - 1H - Technical analysis published on 10/02/2022 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 0.224433 USDT

My targets

0.218600 USDT (-1.62%)

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 0.224433 USDT. The next bearish objective for sellers is set at 0.218600 USDT. A bearish break of this support would revive the bearish momentum. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.

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

3.9

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 rating is 0.222200 USDT. The price registered a decrease of -0.98% on the session and was between 0.219500 USDT and 0.225100 USDT. This implies that the price is at +1.23% from its lowest and at -1.29% from its highest.

0.219500

0.225100

0.222200

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

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

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

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 1H of this FANTOM - FTM/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

In fact, 10 technical indicators on 18 studied are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S2	S1	Price	R1	R2	R3
ProTrendLines	0.218600	0.220900	0.222200	0.222600	0.224433	0.227000
Change (%)	-1.62%	-0.59%	-	+0.18%	+1.00%	+2.16%
Change	-0.003600	-0.001300	-	+0.000400	+0.002233	+0.004800
Level	Minor	Minor	-	Major	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.217100	0.219600	0.222000	0.224500	0.226900	0.229400	0.231800
Camarilla	0.223053	0.223502	0.223951	0.224400	0.224849	0.225298	0.225748
Woodie	0.217050	0.219575	0.221950	0.224475	0.226850	0.229375	0.231750
Fibonacci	0.219600	0.221472	0.222628	0.224500	0.226372	0.227528	0.229400

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.197133	0.207867	0.216133	0.226867	0.235133	0.245867	0.254133
Camarilla	0.219175	0.220917	0.222658	0.224400	0.226142	0.227883	0.229625
Woodie	0.195900	0.207250	0.214900	0.226250	0.233900	0.245250	0.252900
Fibonacci	0.207867	0.215125	0.219609	0.226867	0.234125	0.238609	0.245867

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):	48.99
MACD (12,26,9):	-0.0007
Directional Movement:	-1.895560
AROON (14):	-35.714286
DEMA (21):	0.221437
Parabolic SAR (0,02-0,02-0,2):	0.219576
Elder Ray (13):	0.000578
Super Trend (3,10):	0.224100
Zig ZAG (10):	0.222600
VORTEX (21):	0.9383
Stochastique (14,3,5):	59.92
TEMA (21):	0.221483
Williams %R (14):	-23.81
Chande Momentum Oscillator (20):	-0.000700
Repulse (5,40,3):	0.2899
ROCnROLL:	-1
TRIX (15,9):	-0.0553
Courbe Coppock:	1.84

MA7:	0.226229
MA20:	0.232040
MA50:	0.267830
MA100:	0.288419
MAexp7:	0.222004
MAexp20:	0.222395
MAexp50:	0.223703
MAexp100:	0.225057
Price / MA7:	-1.78%
Price / MA20:	-4.24%
Price / MA50:	-17.04%
Price / MA100:	-22.96%
Price / MAexp7:	+0.09%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.67%
Price / MAexp100:	-1.27%

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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