FANTOM - FTM/USDT - Daily - Technical analysis published on 12/05/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 0.014350 USDT
My targets
0.012054 USDT (-1.04%)
0.010220 USDT (-16.09%)
My analysis
In a bearish trend, the price of FANTOM - FTM/USDT tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.014350 USDT. A bearish break in the support located at 0.012054 USDT would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.010220 USDT. PS: if there is a bullish break in the resistance located at 0.014350 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FANTOM - FTM/USDT rating 0.012180 USDT. The price has increased by +1.00% since the last closing and was between 0.011690 USDT and 0.012690 USDT. This implies that the price is at +4.19% from its lowest and at -4.02% from its highest.0.011690
0.012690
0.012180
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this FANTOM - FTM/USDT chart shows a bearish trend. 64.29% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently being given by short-term moving averages indicate that this bearish trend may be slowing down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|
ProTrendLines | 0.010220 | 0.012180 | 0.014350 | 0.021563 | 0.025370 |
Change (%) | -16.09% | - | +17.82% | +77.04% | +108.29% |
Change | -0.001960 | - | +0.002170 | +0.009383 | +0.013190 |
Level | Intermediate | - | Intermediate | Minor | Minor |
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 |
---|---|---|---|---|---|---|---|
Standard | 0.010020 | 0.010700 | 0.011380 | 0.012060 | 0.012740 | 0.013420 | 0.014100 |
Camarilla | 0.011686 | 0.011811 | 0.011935 | 0.012060 | 0.012185 | 0.012309 | 0.012434 |
Woodie | 0.010020 | 0.010700 | 0.011380 | 0.012060 | 0.012740 | 0.013420 | 0.014100 |
Fibonacci | 0.010700 | 0.011220 | 0.011541 | 0.012060 | 0.012580 | 0.012901 | 0.013420 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.004898 | 0.006955 | 0.009777 | 0.011834 | 0.014656 | 0.016713 | 0.019535 |
Camarilla | 0.011258 | 0.011706 | 0.012153 | 0.012600 | 0.013047 | 0.013495 | 0.013942 |
Woodie | 0.005282 | 0.007146 | 0.010161 | 0.012025 | 0.015040 | 0.016904 | 0.019919 |
Fibonacci | 0.006955 | 0.008818 | 0.009970 | 0.011834 | 0.013697 | 0.014849 | 0.016713 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.004018 | 0.006515 | 0.009557 | 0.012054 | 0.015096 | 0.017593 | 0.020635 |
Camarilla | 0.011077 | 0.011585 | 0.012092 | 0.012600 | 0.013108 | 0.013616 | 0.014123 |
Woodie | 0.004292 | 0.006651 | 0.009831 | 0.012190 | 0.015370 | 0.017729 | 0.020909 |
Fibonacci | 0.006515 | 0.008631 | 0.009938 | 0.012054 | 0.014170 | 0.015477 | 0.017593 |
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): | 50.03 | |
MACD (12,26,9): | 0.0000 | |
Directional Movement: | -2.410480 | |
AROON (14): | 21.428572 | |
DEMA (21): | 0.012086 | |
Parabolic SAR (0,02-0,02-0,2): | 0.010281 | |
Elder Ray (13): | 0.000051 | |
Super Trend (3,10): | 0.009646 | |
Zig ZAG (10): | 0.012230 | |
VORTEX (21): | 0.9601 | |
Stochastique (14,3,5): | 62.49 | |
TEMA (21): | 0.012173 | |
Williams %R (14): | -33.61 | |
Chande Momentum Oscillator (20): | 0.001730 | |
Repulse (5,40,3): | 2.2882 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.1044 | |
Courbe Coppock: | 18.06 |
MA7: | 0.012399 | |
MA20: | 0.011858 | |
MA50: | 0.012137 | |
MA100: | 0.013191 | |
MAexp7: | 0.012205 | |
MAexp20: | 0.012134 | |
MAexp50: | 0.012395 | |
MAexp100: | 0.013439 | |
Price / MA7: | -1.77% | |
Price / MA20: | +2.72% | |
Price / MA50: | +0.35% | |
Price / MA100: | -7.66% | |
Price / MAexp7: | -0.20% | |
Price / MAexp20: | +0.38% | |
Price / MAexp50: | -1.73% | |
Price / MAexp100: | -9.37% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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