FTX TOKEN - FTT/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	FTTUSDT
ISIN:

FTX TOKEN - FTT/USDT - Daily - Technical analysis published on 07/17/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Neutral

Technical indicators

72%

22%

My opinion

Bullish above 24.97 USDT

My targets

28.89 USDT (+3.81%)

33.45 USDT (+20.19%)

My analysis

The strong short-term increase of FTX TOKEN - FTT/USDT should quickly allow the basic trend to become bullish. As long as the price remains above the support located at 24.97 USDT, a purchase could be considered. The first bullish objective is located at 28.89 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers could then target the resistance located at 33.45 USDT. If there is any crossing, the next objective would be the resistance at 39.82 USDT. Caution, if there is a return under 24.97 USDT, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

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

3.2

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.

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Additional analysis

Quotes

The FTX TOKEN - FTT/USDT price is 27.83 USDT. On the day, this instrument lost -0.61% and was traded between 27.50 USDT and 28.74 USDT over the period. The price is currently at +1.20% from its lowest and -3.17% from its highest.

27.50

28.74

27.83

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

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:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of FTX TOKEN - FTT/USDT indicates that the overall trend is not clearly defined. The strong bullish signals currently being given by short-term moving averages could allow the overall trend to return to bullish. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Daily

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	3.14	22.80	27.61	27.83	33.45	39.82	51.98
Change (%)	-88.72%	-18.07%	-0.79%	-	+20.19%	+43.08%	+86.78%
Change	-24.69	-5.03	-0.22	-	+5.62	+11.99	+24.15
Level	Minor	Major	Intermediate	-	Intermediate	Intermediate	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24.73	25.55	26.77	27.59	28.81	29.63	30.85
Camarilla	27.44	27.63	27.81	28.00	28.19	28.37	28.56
Woodie	24.94	25.65	26.98	27.69	29.02	29.73	31.06
Fibonacci	25.55	26.33	26.81	27.59	28.37	28.85	29.63

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.60	21.44	24.72	26.56	29.84	31.68	34.96
Camarilla	26.59	27.06	27.53	28.00	28.47	28.94	29.41
Woodie	20.32	21.80	25.44	26.92	30.56	32.04	35.68
Fibonacci	21.44	23.40	24.60	26.56	28.52	29.72	31.68

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.41	16.73	20.65	24.97	28.89	33.21	37.13
Camarilla	22.30	23.06	23.82	24.57	25.33	26.08	26.84
Woodie	12.21	16.63	20.45	24.87	28.69	33.11	36.93
Fibonacci	16.73	19.88	21.82	24.97	28.12	30.06	33.21

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):	56.07
MACD (12,26,9):	0.1200
Directional Movement:	5.91
AROON (14):	28.57
DEMA (21):	26.21
Parabolic SAR (0,02-0,02-0,2):	23.38
Elder Ray (13):	1.79
Super Trend (3,10):	28.74
Zig ZAG (10):	27.66
VORTEX (21):	1.0100
Stochastique (14,3,5):	81.57
TEMA (21):	26.91
Williams %R (14):	-19.05
Chande Momentum Oscillator (20):	2.53
Repulse (5,40,3):	4.1300
ROCnROLL:	-1
TRIX (15,9):	-0.0600
Courbe Coppock:	9.77

MA7:	26.03
MA20:	25.80
MA50:	26.23
MA100:	31.31
MAexp7:	26.71
MAexp20:	26.20
MAexp50:	27.32
MAexp100:	30.75
Price / MA7:	+6.92%
Price / MA20:	+7.87%
Price / MA50:	+6.10%
Price / MA100:	-11.11%
Price / MAexp7:	+4.19%
Price / MAexp20:	+6.22%
Price / MAexp50:	+1.87%
Price / MAexp100:	-9.50%

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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