FANTOM - FTM/USDT - 1H - Technical analysis published on 04/25/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
44%
17%
My opinion
Bearish under 0.410500 USDT
My targets
0.388033 USDT (-4.66%)
0.339867 USDT (-16.49%)
My analysis
The bearish trend is currently very strong for FANTOM - FTM/USDT. As long as the price remains below the resistance at 0.410500 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.388033 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.339867 USDT as an objective. Crossing it would then enable sellers to target 0.334700 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
0
10
6.3
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Additional analysis
Quotes
FANTOM - FTM/USDT rating 0.407000 USDT. The price is lower by -2.75% since the last closing and was between 0.404400 USDT and 0.419500 USDT. This implies that the price is at +0.64% from its lowest and at -2.98% from its highest.0.404400
0.419500
0.407000
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of FANTOM - FTM/USDT in 1H 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. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 3 are neutral and 8 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.168400 | 0.288000 | 0.334700 | 0.407000 | 0.410500 | 0.465629 | 0.475800 |
| Change (%) | -58.62% | -29.24% | -17.76% | - | +0.86% | +14.41% | +16.90% |
| Change | -0.238600 | -0.119000 | -0.072300 | - | +0.003500 | +0.058629 | +0.068800 |
| Level | Major | Minor | Intermediate | - | 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 | 0.387567 | 0.400233 | 0.409367 | 0.422033 | 0.431167 | 0.443833 | 0.452967 |
| Camarilla | 0.412505 | 0.414503 | 0.416502 | 0.418500 | 0.420498 | 0.422497 | 0.424495 |
| Woodie | 0.385800 | 0.399350 | 0.407600 | 0.421150 | 0.429400 | 0.442950 | 0.451200 |
| Fibonacci | 0.400233 | 0.408561 | 0.413706 | 0.422033 | 0.430361 | 0.435506 | 0.443833 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.260933 | 0.339867 | 0.388033 | 0.466967 | 0.515133 | 0.594067 | 0.642233 |
| Camarilla | 0.401248 | 0.412898 | 0.424549 | 0.436200 | 0.447851 | 0.459502 | 0.471153 |
| Woodie | 0.245550 | 0.332175 | 0.372650 | 0.459275 | 0.499750 | 0.586375 | 0.626850 |
| Fibonacci | 0.339867 | 0.388419 | 0.418415 | 0.466967 | 0.515519 | 0.545515 | 0.594067 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.117700 | 0.211000 | 0.343400 | 0.436700 | 0.569100 | 0.662400 | 0.794800 |
| Camarilla | 0.413733 | 0.434422 | 0.455111 | 0.475800 | 0.496489 | 0.517178 | 0.537868 |
| Woodie | 0.137250 | 0.220775 | 0.362950 | 0.446475 | 0.588650 | 0.672175 | 0.814350 |
| Fibonacci | 0.211000 | 0.297217 | 0.350483 | 0.436700 | 0.522917 | 0.576183 | 0.662400 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 40.28 | |
| MACD (12,26,9): | -0.0041 | |
| Directional Movement: | -13.166856 | |
| AROON (14): | -35.714286 | |
| DEMA (21): | 0.406674 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.413813 | |
| Elder Ray (13): | -0.002046 | |
| Super Trend (3,10): | 0.419700 | |
| Zig ZAG (10): | 0.407500 | |
| VORTEX (21): | 0.8708 | |
| Stochastique (14,3,5): | 15.64 | |
| TEMA (21): | 0.405451 | |
| Williams %R (14): | -78.40 | |
| Chande Momentum Oscillator (20): | -0.007200 | |
| Repulse (5,40,3): | 0.1436 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1339 | |
| Courbe Coppock: | 5.23 |
| MA7: | 0.435971 | |
| MA20: | 0.473155 | |
| MA50: | 0.450516 | |
| MA100: | 0.449195 | |
| MAexp7: | 0.408027 | |
| MAexp20: | 0.412187 | |
| MAexp50: | 0.419157 | |
| MAexp100: | 0.431125 | |
| Price / MA7: | -6.65% | |
| Price / MA20: | -13.98% | |
| Price / MA50: | -9.66% | |
| Price / MA100: | -9.39% | |
| Price / MAexp7: | -0.25% | |
| Price / MAexp20: | -1.26% | |
| Price / MAexp50: | -2.90% | |
| Price / MAexp100: | -5.60% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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