FTX TOKEN - FTT/USD - 1H - Technical analysis published on 12/03/2022 (GMT)
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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:
Bullish
Underlying:
Bullish
Technical indicators
56%
11%
33%
My opinion
Bullish above 1.33 USD
My targets
1.41 USD (+4.22%)
1.45 USD (+7.41%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on FTX TOKEN - FTT/USD as long as the price remains well above 1.33 USD. The buyers' bullish objective is set at 1.41 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 1.45 USD. If there is any crossing, the next objective would be the resistance located at 1.51 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
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
0
10
5
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Additional analysis
Quotes
The FTX TOKEN - FTT/USD price is 1.35 USD. The price has increased by +3.85% since the last closing with the lowest point at 1.28 USD and the highest point at 1.36 USD. The deviation from the price is +5.47% for the low point and -0.74% for the high point.1.28
1.36
1.35
Here is a more detailed summary of the historical variations registered by FTX TOKEN - FTT/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of FTX TOKEN - FTT/USD in 1H shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend shows slight signs of slowing down given the slightly bullish signals given by the short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : 1 hour
Aroon indicator bearish trend
Type : Bearish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 1.25 | 1.33 | 1.35 | 1.45 | 1.51 | 1.57 |
| Change (%) | -7.41% | -1.48% | - | +7.41% | +11.85% | +16.30% |
| Change | -0.10 | -0.02 | - | +0.10 | +0.16 | +0.22 |
| Level | Major | Major | - | Intermediate | Intermediate | Minor |
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 | 1.05 | 1.16 | 1.23 | 1.34 | 1.41 | 1.52 | 1.59 |
| Camarilla | 1.25 | 1.27 | 1.28 | 1.30 | 1.32 | 1.33 | 1.35 |
| Woodie | 1.03 | 1.15 | 1.21 | 1.33 | 1.39 | 1.51 | 1.57 |
| Fibonacci | 1.16 | 1.23 | 1.27 | 1.34 | 1.41 | 1.45 | 1.52 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.79 | 1.01 | 1.19 | 1.41 | 1.59 | 1.81 | 1.99 |
| Camarilla | 1.27 | 1.31 | 1.34 | 1.38 | 1.42 | 1.45 | 1.49 |
| Woodie | 0.78 | 1.00 | 1.18 | 1.40 | 1.58 | 1.80 | 1.98 |
| Fibonacci | 1.01 | 1.16 | 1.25 | 1.41 | 1.56 | 1.65 | 1.81 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -32.29 | -15.53 | -7.10 | 9.66 | 18.09 | 34.85 | 43.28 |
| Camarilla | -5.59 | -3.28 | -0.97 | 1.34 | 3.65 | 5.96 | 8.27 |
| Woodie | -36.45 | -17.61 | -11.26 | 7.58 | 13.94 | 32.77 | 39.13 |
| Fibonacci | -15.53 | -5.91 | 0.03 | 9.66 | 19.28 | 25.22 | 34.85 |
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): | 57.69 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 9.75 | |
| AROON (14): | -100.00 | |
| DEMA (21): | 1.31 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.45 | |
| Elder Ray (13): | -0.01 | |
| Super Trend (3,10): | 1.28 | |
| Zig ZAG (10): | 1.33 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 20.14 | |
| TEMA (21): | 1.31 | |
| Williams %R (14): | -58.33 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | 4.2300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 0.51 |
| MA7: | 1.31 | |
| MA20: | 1.40 | |
| MA50: | 12.40 | |
| MA100: | 18.70 | |
| MAexp7: | 1.31 | |
| MAexp20: | 1.31 | |
| MAexp50: | 1.31 | |
| MAexp100: | 1.32 | |
| Price / MA7: | +3.05% | |
| Price / MA20: | -3.57% | |
| Price / MA50: | -89.11% | |
| Price / MA100: | -92.78% | |
| Price / MAexp7: | +3.05% | |
| Price / MAexp20: | +3.05% | |
| Price / MAexp50: | +3.05% | |
| Price / MAexp100: | +2.27% |
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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