FTX TOKEN - FTT/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	FTTUSDT
ISIN:

FTX TOKEN - FTT/USDT - 1H - Technical analysis published on 05/08/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 1.97 USDT

My targets

2.31 USDT (+9.86%)

2.52 USDT (+20.00%)

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 1.97 USDT. The buyers' bullish objective is set at 2.31 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.52 USDT. If there is any crossing, the next objective would be the resistance located at 4.33 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

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FTX TOKEN - FTT/USDT rating is 2.10 USDT. The price registered an increase of +26.51% on the session and was between 1.63 USDT and 2.30 USDT. This implies that the price is at +28.83% from its lowest and at -8.70% from its highest.

1.63

2.30

2.10

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

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of FTX TOKEN - FTT/USDT indicates that the overall trend is strongly bullish. 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.57	1.69	1.74	2.10	2.52	4.33	5.57
Change (%)	-25.24%	-19.52%	-17.14%	-	+20.00%	+106.19%	+165.24%
Change	-0.53	-0.41	-0.36	-	+0.42	+2.23	+3.47
Level	Major	Minor	Major	-	Intermediate	Minor	Intermediate

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	1.34	1.45	1.55	1.66	1.76	1.87	1.97
Camarilla	1.60	1.62	1.64	1.66	1.68	1.70	1.72
Woodie	1.35	1.45	1.56	1.66	1.77	1.87	1.98
Fibonacci	1.45	1.53	1.58	1.66	1.74	1.79	1.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.98	1.12	1.31	1.45	1.64	1.78	1.97
Camarilla	1.41	1.44	1.47	1.50	1.53	1.56	1.59
Woodie	1.01	1.13	1.34	1.46	1.67	1.79	2.00
Fibonacci	1.12	1.25	1.32	1.45	1.58	1.65	1.78

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.11	0.59	0.97	1.45	1.83	2.31	2.69
Camarilla	1.12	1.20	1.28	1.36	1.44	1.52	1.60
Woodie	0.07	0.57	0.93	1.43	1.79	2.29	2.65
Fibonacci	0.59	0.92	1.12	1.45	1.78	1.98	2.31

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):	65.52
MACD (12,26,9):	0.1100
Directional Movement:	27.03
AROON (14):	28.57
DEMA (21):	2.06
Parabolic SAR (0,02-0,02-0,2):	1.92
Elder Ray (13):	0.16
Super Trend (3,10):	1.85
Zig ZAG (10):	2.10
VORTEX (21):	1.1600
Stochastique (14,3,5):	65.94
TEMA (21):	2.11
Williams %R (14):	-27.31
Chande Momentum Oscillator (20):	0.41
Repulse (5,40,3):	3.2900
ROCnROLL:	1
TRIX (15,9):	0.8600
Courbe Coppock:	44.85

MA7:	1.63
MA20:	1.50
MA50:	1.64
MA100:	1.81
MAexp7:	2.03
MAexp20:	1.91
MAexp50:	1.76
MAexp100:	1.65
Price / MA7:	+28.83%
Price / MA20:	+40.00%
Price / MA50:	+28.05%
Price / MA100:	+16.02%
Price / MAexp7:	+3.45%
Price / MAexp20:	+9.95%
Price / MAexp50:	+19.32%
Price / MAexp100:	+27.27%

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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