FTX TOKEN - FTT/USD - 1H - Technical analysis published on 08/03/2022 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 29.96 USD
My targets
28.87 USD (-1.84%)
27.05 USD (-8.02%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 29.96 USD remains possible. It is advisable to trade FTX TOKEN - FTT/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 29.96 USD. The next bearish objective for sellers is set at 28.87 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.05 USD. In case of crossing, the next objective would be the support located at 25.98 USD. PS: if there is a bullish break in the resistance located at 29.96 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
2.3
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Additional analysis
Quotes
The FTX TOKEN - FTT/USD price is 29.41 USD. On the day, this instrument lost -0.03% and was between 28.76 USD and 29.50 USD. This implies that the price is at +2.26% from its lowest and at -0.31% from its highest.28.76
29.50
29.41
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/USD:
Technical
Technical analysis of FTX TOKEN - FTT/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 25.98 | 27.05 | 28.87 | 29.41 | 29.96 | 31.00 | 31.56 |
| Change (%) | -11.66% | -8.02% | -1.84% | - | +1.87% | +5.41% | +7.31% |
| Change | -3.43 | -2.36 | -0.54 | - | +0.55 | +1.59 | +2.15 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 26.38 | 27.62 | 28.52 | 29.76 | 30.66 | 31.90 | 32.80 |
| Camarilla | 28.83 | 29.03 | 29.22 | 29.42 | 29.62 | 29.81 | 30.01 |
| Woodie | 26.21 | 27.54 | 28.35 | 29.68 | 30.49 | 31.82 | 32.63 |
| Fibonacci | 27.62 | 28.44 | 28.94 | 29.76 | 30.58 | 31.08 | 31.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.74 | 23.35 | 27.19 | 29.80 | 33.64 | 36.25 | 40.09 |
| Camarilla | 29.25 | 29.84 | 30.43 | 31.02 | 31.61 | 32.20 | 32.79 |
| Woodie | 21.35 | 23.66 | 27.80 | 30.11 | 34.25 | 36.56 | 40.70 |
| Fibonacci | 23.35 | 25.82 | 27.34 | 29.80 | 32.27 | 33.79 | 36.25 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.75 | 19.48 | 24.95 | 28.68 | 34.15 | 37.88 | 43.35 |
| Camarilla | 27.88 | 28.72 | 29.57 | 30.41 | 31.25 | 32.10 | 32.94 |
| Woodie | 16.61 | 19.92 | 25.81 | 29.12 | 35.01 | 38.32 | 44.21 |
| Fibonacci | 19.48 | 23.00 | 25.17 | 28.68 | 32.20 | 34.37 | 37.88 |
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): | 44.91 | |
| MACD (12,26,9): | -0.1600 | |
| Directional Movement: | -5.77 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 29.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 29.58 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 29.69 | |
| Zig ZAG (10): | 29.31 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 45.68 | |
| TEMA (21): | 29.12 | |
| Williams %R (14): | -44.79 | |
| Chande Momentum Oscillator (20): | -0.34 | |
| Repulse (5,40,3): | 0.5500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0900 | |
| Courbe Coppock: | 3.46 |
| MA7: | 30.33 | |
| MA20: | 29.10 | |
| MA50: | 27.01 | |
| MA100: | 29.03 | |
| MAexp7: | 29.20 | |
| MAexp20: | 29.30 | |
| MAexp50: | 29.68 | |
| MAexp100: | 29.94 | |
| Price / MA7: | -3.03% | |
| Price / MA20: | +1.07% | |
| Price / MA50: | +8.89% | |
| Price / MA100: | +1.31% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | -0.91% | |
| Price / MAexp100: | -1.77% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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