FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 11/08/2022 (GMT)
- 260
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
50%
33%
My opinion
Bearish under 20.55 USDT
My targets
3.21 USDT (-58.31%)
My analysis
FTX TOKEN - FTT/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 20.55 USDT. The next support located at 3.21 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1
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 EpicHaxer. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FTX TOKEN - FTT/USDT rating 7.70 USDT. The price is lower by -65.14% since the last closing and was traded between 7.59 USDT and 22.09 USDT over the period. The price is currently at +1.45% from its lowest and -65.14% from its highest.7.59
22.09
7.70
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by FTX TOKEN - FTT/USDT:
New LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on FTX TOKEN - FTT/USDT were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Technical
A technical analysis in 1H of this FTX TOKEN - FTT/USDT chart shows a sharp 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.
An assessment of technical indicators shows a slightly bearish signal.
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
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 3.21 | 7.70 | 21.77 | 22.87 | 23.28 |
| Change (%) | -58.31% | - | +182.73% | +197.01% | +202.34% |
| Change | -4.49 | - | +14.07 | +15.17 | +15.58 |
| Level | Intermediate | - | Intermediate | Intermediate | Minor |
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 | 19.40 | 20.58 | 21.33 | 22.51 | 23.26 | 24.44 | 25.19 |
| Camarilla | 21.56 | 21.74 | 21.91 | 22.09 | 22.27 | 22.44 | 22.62 |
| Woodie | 19.20 | 20.47 | 21.13 | 22.40 | 23.06 | 24.33 | 24.99 |
| Fibonacci | 20.58 | 21.31 | 21.77 | 22.51 | 23.24 | 23.70 | 24.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.55 | 22.21 | 23.15 | 24.81 | 25.75 | 27.41 | 28.35 |
| Camarilla | 23.37 | 23.60 | 23.84 | 24.08 | 24.32 | 24.56 | 24.80 |
| Woodie | 20.18 | 22.03 | 22.78 | 24.63 | 25.38 | 27.23 | 27.98 |
| Fibonacci | 22.21 | 23.21 | 23.82 | 24.81 | 25.81 | 26.42 | 27.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.71 | 20.34 | 23.22 | 24.85 | 27.73 | 29.36 | 32.24 |
| Camarilla | 24.86 | 25.27 | 25.69 | 26.10 | 26.51 | 26.93 | 27.34 |
| Woodie | 19.34 | 20.65 | 23.85 | 25.16 | 28.36 | 29.67 | 32.87 |
| Fibonacci | 20.34 | 22.06 | 23.13 | 24.85 | 26.57 | 27.64 | 29.36 |
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): | 25.30 | |
| MACD (12,26,9): | -3.9700 | |
| Directional Movement: | -25.13 | |
| AROON (14): | -21.43 | |
| DEMA (21): | 7.36 | |
| Parabolic SAR (0,02-0,02-0,2): | 16.21 | |
| Elder Ray (13): | -4.60 | |
| Super Trend (3,10): | 12.00 | |
| Zig ZAG (10): | 5.29 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 15.41 | |
| TEMA (21): | 5.10 | |
| Williams %R (14): | -85.72 | |
| Chande Momentum Oscillator (20): | -11.47 | |
| Repulse (5,40,3): | -18.1200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -2.2800 | |
| Courbe Coppock: | 117.74 |
| MA7: | 21.25 | |
| MA20: | 23.12 | |
| MA50: | 23.57 | |
| MA100: | 25.70 | |
| MAexp7: | 7.35 | |
| MAexp20: | 12.13 | |
| MAexp50: | 16.84 | |
| MAexp100: | 19.85 | |
| Price / MA7: | -63.76% | |
| Price / MA20: | -66.70% | |
| Price / MA50: | -67.33% | |
| Price / MA100: | -70.04% | |
| Price / MAexp7: | -24.49% | |
| Price / MAexp20: | -54.25% | |
| Price / MAexp50: | -67.04% | |
| Price / MAexp100: | -72.04% |
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