FTX TOKEN - FTT/USD - 1H - Technical analysis published on 10/28/2021 (GMT)
- 207
- 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 bullish
Underlying:
Slightly bearish
Technical indicators
78%
0%
22%
My opinion
Bullish above 59.95 USD
My targets
61.40 USD (+1.57%)
64.47 USD (+6.65%)
My analysis
The strong short-term increase in FTX TOKEN - FTT/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 59.95 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 61.40 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 64.47 USD as an objective. Crossing it would then enable buyers to target 69.85 USD. Caution, a return under 59.95 USD could jeopardize the reversal.
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
2.9
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FTX TOKEN - FTT/USD price is 60.45 USD. The price registered an increase of +4.06% on the session and was traded between 57.27 USD and 60.90 USD over the period. The price is currently at +5.55% from its lowest and -0.74% from its highest.57.27
60.90
60.45
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/USD:
Technical
A technical analysis in 1H of this FTX TOKEN - FTT/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.77 | 56.66 | 59.95 | 60.45 | 61.40 | 64.47 | 69.85 |
| Change (%) | -12.70% | -6.27% | -0.83% | - | +1.57% | +6.65% | +15.55% |
| Change | -7.68 | -3.79 | -0.50 | - | +0.95 | +4.02 | +9.40 |
| Level | Intermediate | Intermediate | Intermediate | - | Major | 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 | 47.40 | 52.06 | 55.08 | 59.74 | 62.76 | 67.42 | 70.44 |
| Camarilla | 55.98 | 56.68 | 57.39 | 58.09 | 58.79 | 59.50 | 60.20 |
| Woodie | 46.57 | 51.65 | 54.25 | 59.33 | 61.93 | 67.01 | 69.61 |
| Fibonacci | 52.06 | 55.00 | 56.81 | 59.74 | 62.68 | 64.49 | 67.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 41.33 | 47.56 | 55.45 | 61.68 | 69.57 | 75.80 | 83.69 |
| Camarilla | 59.47 | 60.76 | 62.06 | 63.35 | 64.64 | 65.94 | 67.23 |
| Woodie | 42.17 | 47.98 | 56.29 | 62.10 | 70.41 | 76.22 | 84.53 |
| Fibonacci | 47.56 | 52.95 | 56.28 | 61.68 | 67.07 | 70.40 | 75.80 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.44 | 24.70 | 38.19 | 61.45 | 74.94 | 98.20 | 111.69 |
| Camarilla | 41.58 | 44.95 | 48.32 | 51.69 | 55.06 | 58.43 | 61.80 |
| Woodie | -3.44 | 22.26 | 33.32 | 59.01 | 70.07 | 95.76 | 106.82 |
| Fibonacci | 24.70 | 38.74 | 47.41 | 61.45 | 75.49 | 84.16 | 98.20 |
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): | 59.08 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | 5.36 | |
| AROON (14): | 64.28 | |
| DEMA (21): | 59.30 | |
| Parabolic SAR (0,02-0,02-0,2): | 59.04 | |
| Elder Ray (13): | 0.77 | |
| Super Trend (3,10): | 58.08 | |
| Zig ZAG (10): | 60.45 | |
| VORTEX (21): | 1.1900 | |
| Stochastique (14,3,5): | 86.69 | |
| TEMA (21): | 60.27 | |
| Williams %R (14): | -10.74 | |
| Chande Momentum Oscillator (20): | 2.10 | |
| Repulse (5,40,3): | 1.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 6.97 |
| MA7: | 62.17 | |
| MA20: | 58.32 | |
| MA50: | 59.18 | |
| MA100: | 52.78 | |
| MAexp7: | 60.04 | |
| MAexp20: | 59.41 | |
| MAexp50: | 60.28 | |
| MAexp100: | 61.28 | |
| Price / MA7: | -2.77% | |
| Price / MA20: | +3.65% | |
| Price / MA50: | +2.15% | |
| Price / MA100: | +14.53% | |
| Price / MAexp7: | +0.68% | |
| Price / MAexp20: | +1.75% | |
| Price / MAexp50: | +0.28% | |
| Price / MAexp100: | -1.35% |
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/USD - 1H