FANTOM - FTM/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FTMUSDT
ISIN:

FANTOM - FTM/USDT - Daily - Technical analysis published on 05/19/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 0.796935 USDT

My targets

0.893039 USDT (+4.04%)

1.016058 USDT (+18.38%)

My analysis

FANTOM - FTM/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.796935 USDT. The next resistance located at 0.893039 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 1.016058 USDT. After this resistance, buyers could then target 1.144019 USDT.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.1

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 MikeJones. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FANTOM - FTM/USDT rating is 0.858326 USDT. On the day, this instrument lost -3.51% and was between 0.838307 USDT and 0.923429 USDT. This implies that the price is at +2.39% from its lowest and at -7.05% from its highest.

0.838307

0.923429

0.858326

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

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

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

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FANTOM - FTM/USDT in Daily shows an overall bullish trend. The signals returned by the moving averages are 78.57% bullish. This bullish trend is reinforced 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.

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

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:

Bearish harami

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.555996	0.632500	0.796935	0.858326	0.893039	1.016058	1.144019
Change (%)	-35.22%	-26.31%	-7.15%	-	+4.04%	+18.38%	+33.28%
Change	-0.302330	-0.225826	-0.061391	-	+0.034713	+0.157732	+0.285693
Level	Intermediate	Major	Intermediate	-	Minor	Minor	Major

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	0.698624	0.740404	0.814993	0.856773	0.931362	0.973142	1.047731
Camarilla	0.857581	0.868248	0.878915	0.889582	0.900249	0.910916	0.921584
Woodie	0.715029	0.748606	0.831398	0.864975	0.947767	0.981344	1.064136
Fibonacci	0.740404	0.784857	0.812320	0.856773	0.901226	0.928689	0.973142

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.456672	0.546843	0.718212	0.808383	0.979752	1.069923	1.241292
Camarilla	0.817659	0.841633	0.865608	0.889582	0.913557	0.937531	0.961506
Woodie	0.497272	0.567143	0.758812	0.828683	1.020352	1.090223	1.281892
Fibonacci	0.546843	0.646751	0.708474	0.808383	0.908291	0.970014	1.069923

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.030043	0.265779	0.455228	0.751050	0.940499	1.236321	1.425770
Camarilla	0.511227	0.555710	0.600193	0.644676	0.689159	0.733642	0.778126
Woodie	-0.083231	0.239186	0.402041	0.724457	0.887312	1.209728	1.372583
Fibonacci	0.265779	0.451153	0.565677	0.751050	0.936424	1.050948	1.236321

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):	61.50
MACD (12,26,9):	0.0202
Directional Movement:	14.416081
AROON (14):	28.571429
DEMA (21):	0.762446
Parabolic SAR (0,02-0,02-0,2):	0.648756
Elder Ray (13):	0.117608
Super Trend (3,10):	0.677680
Zig ZAG (10):	0.855189
VORTEX (21):	1.1121
Stochastique (14,3,5):	80.95
TEMA (21):	0.801437
Williams %R (14):	-23.54
Chande Momentum Oscillator (20):	0.181651
Repulse (5,40,3):	4.6248
ROCnROLL:	1
TRIX (15,9):	-0.1339
Courbe Coppock:	28.07

MA7:	0.771995
MA20:	0.719022
MA50:	0.761885
MA100:	0.728404
MAexp7:	0.797385
MAexp20:	0.749180
MAexp50:	0.747253
MAexp100:	0.699767
Price / MA7:	+11.18%
Price / MA20:	+19.37%
Price / MA50:	+12.66%
Price / MA100:	+17.84%
Price / MAexp7:	+7.64%
Price / MAexp20:	+14.57%
Price / MAexp50:	+14.86%
Price / MAexp100:	+22.66%

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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