FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 09/14/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 26.42 USDT
My targets
25.42 USDT (-1.66%)
25.04 USDT (-3.13%)
My analysis
The bearish trend is currently very strong for FTX TOKEN - FTT/USDT. As long as the price remains below the resistance at 26.42 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 25.42 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 25.04 USDT as an objective. Crossing it would then enable sellers to target 22.96 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.8
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Additional analysis
Quotes
The FTX TOKEN - FTT/USDT price is 25.85 USDT. On the day, this instrument lost -0.15% with the lowest point at 25.55 USDT and the highest point at 26.19 USDT. The deviation from the price is +1.17% for the low point and -1.30% for the high point.25.55
26.19
25.85
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FTX TOKEN - FTT/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of channel
Type : Bullish
Timeframe : 1 hour
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.96 | 25.04 | 25.42 | 25.85 | 26.42 | 27.03 | 27.92 |
| Change (%) | -11.18% | -3.13% | -1.66% | - | +2.21% | +4.56% | +8.01% |
| Change | -2.89 | -0.81 | -0.43 | - | +0.57 | +1.18 | +2.07 |
| Level | Major | Intermediate | Major | - | 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 | 21.40 | 23.62 | 24.76 | 26.98 | 28.12 | 30.34 | 31.48 |
| Camarilla | 24.97 | 25.27 | 25.58 | 25.89 | 26.20 | 26.51 | 26.81 |
| Woodie | 20.85 | 23.35 | 24.21 | 26.71 | 27.57 | 30.07 | 30.93 |
| Fibonacci | 23.62 | 24.91 | 25.70 | 26.98 | 28.27 | 29.06 | 30.34 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 23.01 | 24.03 | 25.86 | 26.88 | 28.71 | 29.73 | 31.56 |
| Camarilla | 26.92 | 27.18 | 27.44 | 27.70 | 27.96 | 28.22 | 28.48 |
| Woodie | 23.43 | 24.23 | 26.28 | 27.08 | 29.13 | 29.93 | 31.98 |
| Fibonacci | 24.03 | 25.12 | 25.79 | 26.88 | 27.97 | 28.64 | 29.73 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.28 | 20.73 | 23.72 | 28.17 | 31.16 | 35.61 | 38.60 |
| Camarilla | 24.67 | 25.36 | 26.04 | 26.72 | 27.40 | 28.08 | 28.77 |
| Woodie | 15.56 | 20.37 | 23.00 | 27.81 | 30.44 | 35.25 | 37.88 |
| Fibonacci | 20.73 | 23.57 | 25.33 | 28.17 | 31.01 | 32.77 | 35.61 |
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): | 25.95 | |
| MACD (12,26,9): | -0.4300 | |
| Directional Movement: | -30.45 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 25.64 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.99 | |
| Elder Ray (13): | -0.37 | |
| Super Trend (3,10): | 26.32 | |
| Zig ZAG (10): | 25.70 | |
| VORTEX (21): | 0.7600 | |
| Stochastique (14,3,5): | 29.15 | |
| TEMA (21): | 25.57 | |
| Williams %R (14): | -65.63 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | 0.0700 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2600 | |
| Courbe Coppock: | 2.51 |
| MA7: | 27.00 | |
| MA20: | 26.54 | |
| MA50: | 28.47 | |
| MA100: | 27.48 | |
| MAexp7: | 25.89 | |
| MAexp20: | 26.23 | |
| MAexp50: | 26.88 | |
| MAexp100: | 27.13 | |
| Price / MA7: | -4.26% | |
| Price / MA20: | -2.60% | |
| Price / MA50: | -9.20% | |
| Price / MA100: | -5.93% | |
| Price / MAexp7: | -0.15% | |
| Price / MAexp20: | -1.45% | |
| Price / MAexp50: | -3.83% | |
| Price / MAexp100: | -4.72% |
Quotes :
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Real time data
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Cryptocompare
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