FANTOM - FTM/USDT

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 10/03/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

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FANTOM - FTM/USDT Chart

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

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

6.1

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 0.220800 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:

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

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

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

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

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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