FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 10/25/2022 (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
22%
28%
50%
My opinion
Bullish above 22.56 USDT
My targets
23.23 USDT (+1.75%)
23.70 USDT (+3.81%)
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 22.56 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 22.56 USDT. The next bullish objective for buyers is set at 23.23 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 23.70 USDT. If there is any crossing, the next objective would be the resistance located at 23.93 USDT. PS: if there is a bearish break in the support located at 22.56 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, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
3.4
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Additional analysis
Quotes
FTX TOKEN - FTT/USDT rating 22.83 USDT. The price registered an increase of +0.18% on the session and was between 22.69 USDT and 22.97 USDT. This implies that the price is at +0.62% from its lowest and at -0.61% from its highest.22.69
22.97
22.83
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FTX TOKEN - FTT/USDT:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FTX TOKEN - FTT/USDT indicates that the overall trend is bullish. 78.57% 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 detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 9 are neutral and 5 are bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
MACD crosses DOWN its Moving Average
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.19 | 21.97 | 22.56 | 22.83 | 22.87 | 23.23 | 23.70 |
| Change (%) | -86.03% | -3.77% | -1.18% | - | +0.18% | +1.75% | +3.81% |
| Change | -19.64 | -0.86 | -0.27 | - | +0.04 | +0.40 | +0.87 |
| Level | Minor | Minor | Intermediate | - | Major | Major | 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 | 21.83 | 22.20 | 22.49 | 22.86 | 23.15 | 23.52 | 23.81 |
| Camarilla | 22.61 | 22.67 | 22.73 | 22.79 | 22.85 | 22.91 | 22.97 |
| Woodie | 21.80 | 22.18 | 22.46 | 22.84 | 23.12 | 23.50 | 23.78 |
| Fibonacci | 22.20 | 22.45 | 22.61 | 22.86 | 23.11 | 23.27 | 23.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.28 | 20.63 | 21.60 | 22.95 | 23.92 | 25.27 | 26.24 |
| Camarilla | 21.94 | 22.16 | 22.37 | 22.58 | 22.79 | 23.01 | 23.22 |
| Woodie | 19.10 | 20.54 | 21.42 | 22.86 | 23.74 | 25.18 | 26.06 |
| Fibonacci | 20.63 | 21.51 | 22.06 | 22.95 | 23.83 | 24.38 | 25.27 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.50 | 18.43 | 21.34 | 25.27 | 28.18 | 32.11 | 35.02 |
| Camarilla | 22.36 | 22.99 | 23.61 | 24.24 | 24.87 | 25.49 | 26.12 |
| Woodie | 13.98 | 18.18 | 20.82 | 25.02 | 27.66 | 31.86 | 34.50 |
| Fibonacci | 18.43 | 21.05 | 22.66 | 25.27 | 27.89 | 29.50 | 32.11 |
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): | 49.68 | |
| MACD (12,26,9): | 0.0100 | |
| Directional Movement: | 1.90 | |
| AROON (14): | 14.29 | |
| DEMA (21): | 22.86 | |
| Parabolic SAR (0,02-0,02-0,2): | 22.74 | |
| Elder Ray (13): | -0.02 | |
| Super Trend (3,10): | 23.07 | |
| Zig ZAG (10): | 22.83 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 52.14 | |
| TEMA (21): | 22.85 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | -0.1000 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.53 |
| MA7: | 22.69 | |
| MA20: | 23.39 | |
| MA50: | 24.26 | |
| MA100: | 26.53 | |
| MAexp7: | 22.86 | |
| MAexp20: | 22.84 | |
| MAexp50: | 22.79 | |
| MAexp100: | 22.77 | |
| Price / MA7: | +0.62% | |
| Price / MA20: | -2.39% | |
| Price / MA50: | -5.89% | |
| Price / MA100: | -13.95% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | +0.18% | |
| Price / MAexp100: | +0.26% |
Quotes :
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Real time data
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