FTX TOKEN - FTT/USD - 1H - Technical analysis published on 09/04/2022 (GMT)
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- 0
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
56%
11%
33%
My opinion
Bearish under 26.52 USD
My targets
25.33 USD (-3.28%)
22.81 USD (-12.91%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FTX TOKEN - FTT/USD. As long as you are under the resistance located at 26.52 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 25.33 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 22.81 USD as an objective. Crossing it would then enable sellers to target 3.84 USD. If the resistance 26.52 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
1.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FTX TOKEN - FTT/USD rating is 26.19 USD. The price is lower by -0.04% since the last closing and was traded between 25.88 USD and 26.24 USD over the period. The price is currently at +1.20% from its lowest and -0.19% from its highest.25.88
26.24
26.19
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FTX TOKEN - FTT/USD in 1H shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 22.81 | 25.33 | 26.04 | 26.19 | 26.52 | 26.85 | 27.18 |
| Change (%) | -12.91% | -3.28% | -0.57% | - | +1.26% | +2.52% | +3.78% |
| Change | -3.38 | -0.86 | -0.15 | - | +0.33 | +0.66 | +0.99 |
| Level | Major | Major | Major | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 25.51 | 25.73 | 25.97 | 26.19 | 26.43 | 26.65 | 26.89 |
| Camarilla | 26.07 | 26.12 | 26.16 | 26.20 | 26.24 | 26.28 | 26.33 |
| Woodie | 25.51 | 25.74 | 25.97 | 26.20 | 26.43 | 26.66 | 26.89 |
| Fibonacci | 25.73 | 25.91 | 26.02 | 26.19 | 26.37 | 26.48 | 26.65 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 22.36 | 23.76 | 24.98 | 26.38 | 27.60 | 29.00 | 30.22 |
| Camarilla | 25.48 | 25.72 | 25.96 | 26.20 | 26.44 | 26.68 | 26.92 |
| Woodie | 22.27 | 23.72 | 24.89 | 26.34 | 27.51 | 28.96 | 30.13 |
| Fibonacci | 23.76 | 24.76 | 25.38 | 26.38 | 27.38 | 28.00 | 29.00 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.19 | 20.67 | 23.69 | 28.17 | 31.19 | 35.67 | 38.69 |
| Camarilla | 24.64 | 25.33 | 26.01 | 26.70 | 27.39 | 28.08 | 28.76 |
| Woodie | 15.45 | 20.31 | 22.95 | 27.81 | 30.45 | 35.31 | 37.95 |
| Fibonacci | 20.67 | 23.54 | 25.31 | 28.17 | 31.04 | 32.81 | 35.67 |
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): | 49.22 | |
| MACD (12,26,9): | -0.0400 | |
| Directional Movement: | -3.31 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 26.08 | |
| Parabolic SAR (0,02-0,02-0,2): | 25.88 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 26.30 | |
| Zig ZAG (10): | 26.15 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 77.78 | |
| TEMA (21): | 26.11 | |
| Williams %R (14): | -19.44 | |
| Chande Momentum Oscillator (20): | -0.03 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.21 |
| MA7: | 26.60 | |
| MA20: | 27.29 | |
| MA50: | 28.83 | |
| MA100: | 27.51 | |
| MAexp7: | 26.12 | |
| MAexp20: | 26.15 | |
| MAexp50: | 26.27 | |
| MAexp100: | 26.44 | |
| Price / MA7: | -1.54% | |
| Price / MA20: | -4.03% | |
| Price / MA50: | -9.16% | |
| Price / MA100: | -4.80% | |
| Price / MAexp7: | +0.27% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.95% |
Quotes :
-
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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