FORTUBE - FOR/USDT
FORTUBE - FOR/USDT
- USDT (-)
- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: FORUSDT
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FORTUBE - FOR/USDT - Daily - Technical analysis published on 01/28/2020 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : TARGET REACHED

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 0.022648 USDT
My targets
0.025880 USDT (+0.82%)
0.030940 USDT (+20.53%)
My analysis
FORCE PROTOCOL - FOR/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 0.022648 USDT. The next resistance located at 0.025880 USDT is the next bullish target 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 0.030940 USDT. After this resistance, buyers could then target 0.036470 USDT.

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
5.7

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The FORCE PROTOCOL - FOR/USDT price is 0.025670 USDT. The price has increased by +3.13% since the last closing and was between 0.024830 USDT and 0.027640 USDT. This implies that the price is at +3.38% from its lowest and at -7.13% from its highest.

0.024830
0.027640
0.025670

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



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

Technical


Technical analysis of this Daily chart of FORCE PROTOCOL - FOR/USDT indicates that the overall trend is bullish. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : Daily



In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly


Price is back under the pivot point

Type : Bearish

Timeframe : Daily



The analysis of the price chart with Central Patterns scanners does not return any result.

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

Central Candlesticks

Downside gap

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.018220 0.021273 0.025620 0.025670 0.030940 0.036470 0.047290
Change (%) -29.02% -17.13% -0.19% - +20.53% +42.07% +84.22%
Change -0.007450 -0.004397 -0.000050 - +0.005270 +0.010800 +0.021620
Level Major Minor Major - Major Minor Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0228330.0235570.0242230.0249470.0256130.0263370.027003
Camarilla0.0245080.0246350.0247630.0248900.0250170.0251450.025272
Woodie0.0228050.0235430.0241950.0249330.0255850.0263230.026975
Fibonacci0.0235570.0240880.0244160.0249470.0254780.0258060.026337


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0068500.0125600.0201700.0258800.0334900.0392000.046810
Camarilla0.0241170.0253380.0265590.0277800.0290010.0302220.031443
Woodie0.0078000.0130350.0211200.0263550.0344400.0396750.047760
Fibonacci0.0125600.0176480.0207920.0258800.0309680.0341120.039200


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.015260-0.0031320.0036940.0158220.0226480.0347760.041602
Camarilla0.0053080.0070450.0087830.0105200.0122580.0139950.015732
Woodie-0.017911-0.0044580.0010430.0144970.0199970.0334510.038951
Fibonacci-0.0031320.0041080.0085820.0158220.0230620.0275360.034776

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): 61.47
MACD (12,26,9): 0.0029
Directional Movement: 19.884255
AROON (14): 78.571426
DEMA (21): 0.023987
Parabolic SAR (0,02-0,02-0,2): 0.017659
Elder Ray (13): 0.003787
Super Trend (3,10): 0.016928
Zig ZAG (10): 0.024900
VORTEX (21): 1.1847
Stochastique (14,3,5): 68.58
TEMA (21): 0.027059
Williams %R (14): -37.11
Chande Momentum Oscillator (20): 0.009710
Repulse (5,40,3): -5.6080
ROCnROLL: 1
TRIX (15,9): 1.8878
Courbe Coppock: 137.91
MA7: 0.024796
MA20: 0.019253
MA50: 0.016447
MA100: 0.024186
MAexp7: 0.024612
MAexp20: 0.020729
MAexp50: 0.019482
MAexp100: 0.021907
Price / MA7: +3.52%
Price / MA20: +33.33%
Price / MA50: +56.08%
Price / MA100: +6.14%
Price / MAexp7: +4.30%
Price / MAexp20: +23.84%
Price / MAexp50: +31.76%
Price / MAexp100: +17.18%

This member declared not having a position on this financial instrument or a related financial instrument.

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