FTX TOKEN - FTT/USD

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Type:	Cryptocurrencies
Ticker:	FTTUSD
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FTX TOKEN - FTT/USD - Daily - Technical analysis published on 08/15/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

44%

17%

39%

My opinion

Bullish above 29.10 USD

My targets

33.47 USD (+8.46%)

39.85 USD (+29.13%)

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/USD as long as the price remains well above 29.10 USD. The buyers' bullish objective is set at 33.47 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 39.85 USD. If there is any crossing, the next objective would be the resistance located at 47.90 USD.

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

5.2

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

Additional analysis

Quotes

FTX TOKEN - FTT/USD rating 30.86 USD. On the day, this instrument lost -0.03% with the lowest point at 30.67 USD and the highest point at 30.86 USD. The deviation from the price is +0.62% for the low point and 0% for the high point.

30.67

30.86

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

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

Technical

Technical analysis of FTX TOKEN - FTT/USD in Daily shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Moving Average bullish crossovers : MA50 & MA100

Type : Bullish

Timeframe : Daily

In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Williams %R indicator is back under -50

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	22.81	25.97	29.10	30.86	33.47	39.85	47.90
Change (%)	-26.09%	-15.85%	-5.70%	-	+8.46%	+29.13%	+55.22%
Change	-8.05	-4.89	-1.76	-	+2.61	+8.99	+17.04
Level	Major	Minor	Major	-	Minor	Major	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.07	29.87	30.37	31.17	31.67	32.47	32.97
Camarilla	30.51	30.63	30.75	30.87	30.99	31.11	31.23
Woodie	28.92	29.80	30.22	31.10	31.52	32.40	32.82
Fibonacci	29.87	30.37	30.67	31.17	31.67	31.97	32.47

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25.98	27.58	29.45	31.05	32.92	34.52	36.39
Camarilla	30.36	30.67	30.99	31.31	31.63	31.95	32.26
Woodie	26.11	27.65	29.58	31.12	33.05	34.59	36.52
Fibonacci	27.58	28.91	29.73	31.05	32.38	33.20	34.52

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	55.02
MACD (12,26,9):	0.7300
Directional Movement:	6.55
AROON (14):	50.00
DEMA (21):	31.28
Parabolic SAR (0,02-0,02-0,2):	29.39
Elder Ray (13):	0.21
Super Trend (3,10):	26.82
Zig ZAG (10):	30.81
VORTEX (21):	1.1200
Stochastique (14,3,5):	56.97
TEMA (21):	31.34
Williams %R (14):	-48.98
Chande Momentum Oscillator (20):	1.62
Repulse (5,40,3):	-2.2800
ROCnROLL:	1
TRIX (15,9):	0.4200
Courbe Coppock:	6.58

MA7:	30.83
MA20:	30.50
MA50:	28.21
MA100:	28.14
MAexp7:	30.83
MAexp20:	30.25
MAexp50:	29.27
MAexp100:	30.34
Price / MA7:	+0.10%
Price / MA20:	+1.18%
Price / MA50:	+9.39%
Price / MA100:	+9.67%
Price / MAexp7:	+0.10%
Price / MAexp20:	+2.02%
Price / MAexp50:	+5.43%
Price / MAexp100:	+1.71%

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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