FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 07/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
17%
44%
39%
My opinion
Bullish above 27.61 USDT
My targets
28.17 USDT (+1.29%)
31.68 USDT (+13.92%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 27.61 USDT remains possible. It is advisable to trade FTX TOKEN - FTT/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 27.61 USDT. The next bullish objective for buyers is set at 28.17 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 31.68 USDT. If there is any crossing, the next objective would be the resistance located at 33.45 USDT. PS: if there is a bearish break in the support located at 27.61 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bullish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.6
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Additional analysis
Quotes
FTX TOKEN - FTT/USDT rating 27.81 USDT. On the day, this instrument lost -0.68% and was between 27.50 USDT and 28.74 USDT. This implies that the price is at +1.13% from its lowest and at -3.24% from its highest.27.50
28.74
27.81
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of FTX TOKEN - FTT/USDT in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 26.18 | 26.85 | 27.61 | 27.81 | 28.17 | 33.45 | 39.82 |
| Change (%) | -5.86% | -3.45% | -0.72% | - | +1.29% | +20.28% | +43.19% |
| Change | -1.63 | -0.96 | -0.20 | - | +0.36 | +5.64 | +12.01 |
| Level | Major | Minor | Intermediate | - | Minor | Intermediate | Intermediate |
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 | 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.60 | |
| MACD (12,26,9): | 0.0600 | |
| Directional Movement: | 5.94 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 27.98 | |
| Parabolic SAR (0,02-0,02-0,2): | 28.17 | |
| Elder Ray (13): | -0.20 | |
| Super Trend (3,10): | 28.51 | |
| Zig ZAG (10): | 27.66 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 9.14 | |
| TEMA (21): | 27.76 | |
| Williams %R (14): | -83.87 | |
| Chande Momentum Oscillator (20): | -0.64 | |
| Repulse (5,40,3): | -0.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 3.09 |
| MA7: | 26.03 | |
| MA20: | 25.80 | |
| MA50: | 26.23 | |
| MA100: | 31.31 | |
| MAexp7: | 27.77 | |
| MAexp20: | 27.87 | |
| MAexp50: | 27.44 | |
| MAexp100: | 26.83 | |
| Price / MA7: | +6.84% | |
| Price / MA20: | +7.79% | |
| Price / MA50: | +6.02% | |
| Price / MA100: | -11.18% | |
| Price / MAexp7: | +0.14% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | +1.35% | |
| Price / MAexp100: | +3.65% |
Quotes :
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Real time data
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