FANTOM - FTM/USDT - Daily - Technical analysis published on 10/03/2022 (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
39%
39%
22%
My opinion
Bearish under 0.242467 USDT
My targets
0.198533 USDT (-10.08%)
0.171967 USDT (-22.12%)
My analysis
The bearish trend is currently very strong for FANTOM - FTM/USDT. As long as the price remains below the resistance at 0.242467 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.1
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Additional analysis
Quotes
The FANTOM - FTM/USDT price is 0.220800 USDT. The price registered an increase of +1.38% on the session with the lowest point at 0.215100 USDT and the highest point at 0.221400 USDT. The deviation from the price is +2.65% for the low point and -0.27% for the high point.0.215100
0.221400
0.220800
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
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.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
MACD indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
R1
R2
R3
Price
Price | R1 | R2 | R3 | |
---|---|---|---|---|
ProTrendLines | 0.220800 | 0.222600 | 0.684700 | 1.117000 |
Change (%) | - | +0.82% | +210.10% | +405.89% |
Change | - | +0.001800 | +0.463900 | +0.896200 |
Level | - | Major | Minor | Minor |
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 | 0.206233 | 0.211467 | 0.214633 | 0.219867 | 0.223033 | 0.228267 | 0.231433 |
Camarilla | 0.215490 | 0.216260 | 0.217030 | 0.217800 | 0.218570 | 0.219340 | 0.220110 |
Woodie | 0.205200 | 0.210950 | 0.213600 | 0.219350 | 0.222000 | 0.227750 | 0.230400 |
Fibonacci | 0.211467 | 0.214676 | 0.216658 | 0.219867 | 0.223076 | 0.225058 | 0.228267 |
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 37.19 | |
MACD (12,26,9): | -0.0123 | |
Directional Movement: | -14.720849 | |
AROON (14): | -85.714286 | |
DEMA (21): | 0.215712 | |
Parabolic SAR (0,02-0,02-0,2): | 0.229452 | |
Elder Ray (13): | -0.009329 | |
Super Trend (3,10): | 0.251725 | |
Zig ZAG (10): | 0.221200 | |
VORTEX (21): | 0.8166 | |
Stochastique (14,3,5): | 18.27 | |
TEMA (21): | 0.217954 | |
Williams %R (14): | -76.02 | |
Chande Momentum Oscillator (20): | 0.000900 | |
Repulse (5,40,3): | -0.5877 | |
ROCnROLL: | 2 | |
TRIX (15,9): | -0.7926 | |
Courbe Coppock: | 11.29 |
MA7: | 0.224400 | |
MA20: | 0.230470 | |
MA50: | 0.264412 | |
MA100: | 0.287518 | |
MAexp7: | 0.223631 | |
MAexp20: | 0.233496 | |
MAexp50: | 0.260875 | |
MAexp100: | 0.338095 | |
Price / MA7: | -1.60% | |
Price / MA20: | -4.20% | |
Price / MA50: | -16.49% | |
Price / MA100: | -23.20% | |
Price / MAexp7: | -1.27% | |
Price / MAexp20: | -5.44% | |
Price / MAexp50: | -15.36% | |
Price / MAexp100: | -34.69% |
Quotes :
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Real time data
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Cryptocompare
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About author
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