FANTOM - FTM/USDT
FANTOM - FTM/USDT
Open: -
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Type: Cryptocurrencies
Ticker: FTMUSDT
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FANTOM - FTM/USDT - 15 min. - Technical analysis published on 02/07/2023 (GMT)

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 0.543300 USDT
My targets
0.562100 USDT (+2.14%)
0.597800 USDT (+8.63%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on FANTOM - FTM/USDT. This is a positive signal for buyers. As long as the price remains above 0.543300 USDT, a purchase could be considered. The first bullish objective is located at 0.562100 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.597800 USDT as an objective. Crossing it would then enable buyers to target 0.616600 USDT. In the event of a return below 0.543300 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.1

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 5863358894.

Additional analysis

Quotes

The FANTOM - FTM/USDT rating is 0.550300 USDT. On the day, this instrument gained +4.54% and was between 0.524100 USDT and 0.563400 USDT. This implies that the price is at +5.00% from its lowest and at -2.33% from its highest.

0.524100
0.563400
0.550300

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 15 min. of this FANTOM - FTM/USDT chart shows a bullish trend. The signals returned by the moving averages are 75.00% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Central Indicators

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : 15 minutes



In fact, 12 technical indicators on 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami cross

Type : Bearish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.496422 0.517200 0.543700 0.550300 0.578460 0.620425 0.654400
Change (%) -9.79% -6.01% -1.20% - +5.12% +12.74% +18.92%
Change -0.053878 -0.033100 -0.006600 - +0.028160 +0.070125 +0.104100
Level Major Minor Minor - Intermediate Minor Intermediate



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
Standard0.4531000.4888000.5076000.5433000.5621000.5978000.616600
Camarilla0.5114130.5164080.5214040.5264000.5313960.5363920.541388
Woodie0.4446500.4845750.4991500.5390750.5536500.5935750.608150
Fibonacci0.4888000.5096190.5224810.5433000.5641190.5769810.597800


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2789000.3620000.4882000.5713000.6975000.7806000.906800
Camarilla0.5568430.5760280.5952140.6144000.6335860.6527720.671958
Woodie0.3004500.3727750.5097500.5820750.7190500.7913750.928350
Fibonacci0.3620000.4419530.4913470.5713000.6512530.7006470.780600


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0495000.0740000.3063000.4298000.6621000.7856001.017900
Camarilla0.4407550.4733700.5059850.5386000.5712150.6038300.636445
Woodie0.0049000.1012000.3607000.4570000.7165000.8128001.072300
Fibonacci0.0740000.2099160.2938840.4298000.5657160.6496840.785600

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): 61.55
MACD (12,26,9): 0.0044
Directional Movement: 15.078763
AROON (14): 21.428571
DEMA (21): 0.554532
Parabolic SAR (0,02-0,02-0,2): 0.551400
Elder Ray (13): 0.002245
Super Trend (3,10): 0.545482
Zig ZAG (10): 0.554000
VORTEX (21): 1.2082
Stochastique (14,3,5): 57.90
TEMA (21): 0.556989
Williams %R (14): -47.42
Chande Momentum Oscillator (20): 0.008600
Repulse (5,40,3): -0.2563
ROCnROLL: 1
TRIX (15,9): 0.1020
Courbe Coppock: 4.14
MA7: 0.582114
MA20: 0.477305
MA50: 0.332704
MA100: 0.274597
MAexp7: 0.553997
MAexp20: 0.549064
MAexp50: 0.544776
MAexp100: 0.547298
Price / MA7: -5.47%
Price / MA20: +15.29%
Price / MA50: +65.40%
Price / MA100: +100.40%
Price / MAexp7: -0.67%
Price / MAexp20: +0.23%
Price / MAexp50: +1.01%
Price / MAexp100: +0.55%

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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