FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 09/27/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 24.37 USDT
My targets
25.79 USDT (+3.12%)
26.97 USDT (+7.84%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FTX TOKEN - FTT/USDT as long as the price remains well above 24.37 USDT. The buyers' bullish objective is set at 25.79 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 26.97 USDT. If there is any crossing, the next objective would be the resistance located at 28.48 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.8
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Additional analysis
Quotes
The FTX TOKEN - FTT/USDT rating is 25.01 USDT. On the day, this instrument gained +3.30% and was between 24.18 USDT and 25.11 USDT. This implies that the price is at +3.43% from its lowest and at -0.40% from its highest.24.18
25.11
25.01
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
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 1H of this FTX TOKEN - FTT/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, according to the parameters integrated into the Central Analyzer system, 15 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bullish engulfing lines
Type : Bullish
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 | 23.23 | 23.95 | 24.37 | 25.01 | 28.48 | 33.45 | 41.36 |
| Change (%) | -7.12% | -4.24% | -2.56% | - | +13.87% | +33.75% | +65.37% |
| Change | -1.78 | -1.06 | -0.64 | - | +3.47 | +8.44 | +16.35 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 22.56 | 22.90 | 23.55 | 23.89 | 24.54 | 24.88 | 25.53 |
| Camarilla | 23.94 | 24.03 | 24.12 | 24.21 | 24.30 | 24.39 | 24.48 |
| Woodie | 22.73 | 22.98 | 23.72 | 23.97 | 24.71 | 24.96 | 25.70 |
| Fibonacci | 22.90 | 23.28 | 23.51 | 23.89 | 24.27 | 24.50 | 24.88 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.25 | 21.31 | 22.49 | 23.55 | 24.73 | 25.79 | 26.97 |
| Camarilla | 23.05 | 23.26 | 23.47 | 23.67 | 23.88 | 24.08 | 24.29 |
| Woodie | 20.31 | 21.34 | 22.55 | 23.58 | 24.79 | 25.82 | 27.03 |
| Fibonacci | 21.31 | 22.17 | 22.69 | 23.55 | 24.41 | 24.93 | 25.79 |
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): | 76.66 | |
| MACD (12,26,9): | 0.3400 | |
| Directional Movement: | 33.04 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 24.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 24.64 | |
| Elder Ray (13): | 0.37 | |
| Super Trend (3,10): | 24.43 | |
| Zig ZAG (10): | 25.02 | |
| VORTEX (21): | 1.2900 | |
| Stochastique (14,3,5): | 93.72 | |
| TEMA (21): | 25.06 | |
| Williams %R (14): | -6.77 | |
| Chande Momentum Oscillator (20): | 0.96 | |
| Repulse (5,40,3): | 0.9000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 8.35 |
| MA7: | 23.82 | |
| MA20: | 24.96 | |
| MA50: | 26.79 | |
| MA100: | 27.22 | |
| MAexp7: | 24.84 | |
| MAexp20: | 24.42 | |
| MAexp50: | 24.06 | |
| MAexp100: | 23.88 | |
| Price / MA7: | +5.00% | |
| Price / MA20: | +0.20% | |
| Price / MA50: | -6.64% | |
| Price / MA100: | -8.12% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +2.42% | |
| Price / MAexp50: | +3.95% | |
| Price / MAexp100: | +4.73% |
Quotes :
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Real time data
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