FTX TOKEN - FTT/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FTTUSDT
ISIN:

FTX TOKEN - FTT/USDT - Daily - Technical analysis published on 01/23/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

61%

22%

My opinion

Bearish under 35.21 USDT

My targets

30.98 USDT (-10.07%)

25.94 USDT (-24.69%)

My analysis

The bearish trend is currently very strong for FTX TOKEN - FTT/USDT. As long as the price remains below the resistance at 35.21 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 30.98 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25.94 USDT as an objective. Crossing it would then enable sellers to target 22.80 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 confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

7.5

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

Additional analysis

Quotes

FTX TOKEN - FTT/USDT rating 34.45 USDT. On the day, this instrument gained +2.99% and was traded between 33.34 USDT and 36.40 USDT over the period. The price is currently at +3.33% from its lowest and -5.36% from its highest.

33.34

36.40

34.45

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

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of FTX TOKEN - FTT/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bearish crossovers : MA20 & MA50

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily

An assessment of technical indicators shows a bearish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

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

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back under 50

Type : Bearish

Timeframe : Daily

Parabolic SAR indicator bearish reversal

Type : Bearish

Timeframe : Daily

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Daily

SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.14	22.80	30.98	34.45	35.21	41.38	48.19
Change (%)	-90.89%	-33.82%	-10.07%	-	+2.21%	+20.12%	+39.88%
Change	-31.31	-11.65	-3.47	-	+0.76	+6.93	+13.74
Level	Minor	Major	Minor	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	23.01	27.47	30.46	34.92	37.91	42.37	45.36
Camarilla	31.40	32.08	32.77	33.45	34.13	34.82	35.50
Woodie	22.28	27.10	29.73	34.55	37.18	42.00	44.63
Fibonacci	27.47	30.32	32.07	34.92	37.77	39.52	42.37

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.96	20.44	26.95	38.43	44.94	56.42	62.93
Camarilla	28.50	30.15	31.80	33.45	35.10	36.75	38.40
Woodie	6.47	19.20	24.46	37.19	42.45	55.18	60.44
Fibonacci	20.44	27.32	31.56	38.43	45.31	49.55	56.42

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.94	30.98	34.61	39.65	43.28	48.32	51.95
Camarilla	35.87	36.66	37.46	38.25	39.05	39.84	40.63
Woodie	25.25	30.63	33.92	39.30	42.59	47.97	51.26
Fibonacci	30.98	34.29	36.34	39.65	42.96	45.01	48.32

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):	37.29
MACD (12,26,9):	-0.5900
Directional Movement:	-12.38
AROON (14):	-14.29
DEMA (21):	40.16
Parabolic SAR (0,02-0,02-0,2):	49.20
Elder Ray (13):	-5.54
Super Trend (3,10):	46.21
Zig ZAG (10):	34.55
VORTEX (21):	0.9200
Stochastique (14,3,5):	17.29
TEMA (21):	40.28
Williams %R (14):	-85.71
Chande Momentum Oscillator (20):	-5.22
Repulse (5,40,3):	-22.4200
ROCnROLL:	2
TRIX (15,9):	0.1100
Courbe Coppock:	13.23

MA7:	41.12
MA20:	40.55
MA50:	40.63
MA100:	48.45
MAexp7:	39.20
MAexp20:	40.71
MAexp50:	42.44
MAexp100:	45.24
Price / MA7:	-16.22%
Price / MA20:	-15.04%
Price / MA50:	-15.21%
Price / MA100:	-28.90%
Price / MAexp7:	-12.12%
Price / MAexp20:	-15.38%
Price / MAexp50:	-18.83%
Price / MAexp100:	-23.85%

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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