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 10/25/2022 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

39%

22%

My opinion

Bearish under 25.19 USDT

My targets

18.43 USDT (-19.26%)

14.50 USDT (-36.50%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FTX TOKEN - FTT/USDT as long as the price remains well below 25.19 USDT. The sellers' bearish objective is set at 18.43 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 14.50 USDT. In case of crossing, the next objective would be the support located at 3.19 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

6.1

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.

This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FTX TOKEN - FTT/USDT rating is 22.83 USDT. On the day, this instrument gained +0.18% and was traded between 22.69 USDT and 22.97 USDT over the period. The price is currently at +0.62% from its lowest and -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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FTX TOKEN - FTT/USDT in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 4 are neutral and 7 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	3.19	22.83	22.87	25.19	28.48
Change (%)	-86.03%	-	+0.18%	+10.34%	+24.75%
Change	-19.64	-	+0.04	+2.36	+5.65
Level	Minor	-	Major	Intermediate	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation 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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	41.74
MACD (12,26,9):	-0.4700
Directional Movement:	-3.65
AROON (14):	-28.57
DEMA (21):	22.69
Parabolic SAR (0,02-0,02-0,2):	24.23
Elder Ray (13):	-0.26
Super Trend (3,10):	24.70
Zig ZAG (10):	22.83
VORTEX (21):	0.8700
Stochastique (14,3,5):	40.95
TEMA (21):	22.72
Williams %R (14):	-62.93
Chande Momentum Oscillator (20):	-0.62
Repulse (5,40,3):	0.3700
ROCnROLL:	2
TRIX (15,9):	-0.2600
Courbe Coppock:	8.42

MA7:	22.69
MA20:	23.39
MA50:	24.26
MA100:	26.53
MAexp7:	22.89
MAexp20:	23.32
MAexp50:	24.33
MAexp100:	26.02
Price / MA7:	+0.62%
Price / MA20:	-2.39%
Price / MA50:	-5.89%
Price / MA100:	-13.95%
Price / MAexp7:	-0.26%
Price / MAexp20:	-2.10%
Price / MAexp50:	-6.17%
Price / MAexp100:	-12.26%

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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