FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 10/31/2022 (GMT)
- 167
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 25.24 USDT
My targets
26.67 USDT (+2.54%)
28.48 USDT (+9.50%)
My analysis
FTX TOKEN - FTT/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 25.24 USDT. The next resistance located at 26.67 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 28.48 USDT. After this resistance, buyers could then target 31.51 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.9
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
FTX TOKEN - FTT/USDT rating 26.01 USDT. The price registered an increase of +1.48% on the session with the lowest point at 25.37 USDT and the highest point at 26.48 USDT. The deviation from the price is +2.52% for the low point and -1.77% for the high point.25.37
26.48
26.01
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:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
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 scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Piercing line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 24.73 | 24.98 | 25.24 | 26.01 | 28.48 | 31.51 | 44.82 |
| Change (%) | -4.92% | -3.96% | -2.96% | - | +9.50% | +21.15% | +72.32% |
| Change | -1.28 | -1.03 | -0.77 | - | +2.47 | +5.50 | +18.81 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.57 | 24.93 | 25.28 | 25.64 | 25.99 | 26.35 | 26.70 |
| Camarilla | 25.44 | 25.50 | 25.57 | 25.63 | 25.70 | 25.76 | 25.83 |
| Woodie | 24.57 | 24.93 | 25.28 | 25.64 | 25.99 | 26.35 | 26.70 |
| Fibonacci | 24.93 | 25.20 | 25.37 | 25.64 | 25.91 | 26.08 | 26.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.93 | 21.17 | 23.30 | 24.54 | 26.67 | 27.91 | 30.04 |
| Camarilla | 24.50 | 24.81 | 25.12 | 25.43 | 25.74 | 26.05 | 26.36 |
| Woodie | 20.38 | 21.39 | 23.75 | 24.76 | 27.12 | 28.13 | 30.49 |
| Fibonacci | 21.17 | 22.46 | 23.25 | 24.54 | 25.83 | 26.62 | 27.91 |
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): | 61.28 | |
| MACD (12,26,9): | 0.1600 | |
| Directional Movement: | 7.21 | |
| AROON (14): | 71.42 | |
| DEMA (21): | 26.02 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.72 | |
| Elder Ray (13): | 0.10 | |
| Super Trend (3,10): | 25.78 | |
| Zig ZAG (10): | 26.07 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 65.17 | |
| TEMA (21): | 26.06 | |
| Williams %R (14): | -42.34 | |
| Chande Momentum Oscillator (20): | 0.58 | |
| Repulse (5,40,3): | -0.7100 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 3.49 |
| MA7: | 24.93 | |
| MA20: | 23.78 | |
| MA50: | 24.08 | |
| MA100: | 26.31 | |
| MAexp7: | 26.00 | |
| MAexp20: | 25.85 | |
| MAexp50: | 25.60 | |
| MAexp100: | 25.20 | |
| Price / MA7: | +4.33% | |
| Price / MA20: | +9.38% | |
| Price / MA50: | +8.01% | |
| Price / MA100: | -1.14% | |
| Price / MAexp7: | +0.04% | |
| Price / MAexp20: | +0.62% | |
| Price / MAexp50: | +1.60% | |
| Price / MAexp100: | +3.21% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis FTX TOKEN - FTT/USDT - 1H