FTX TOKEN - FTT/USD - 1H - Technical analysis published on 11/21/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 3.60 USD
My targets
4.01 USD (+10.16%)
4.37 USD (+20.05%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on FTX TOKEN - FTT/USD. This is a positive signal for buyers. As long as the price remains above 3.60 USD, a purchase could be considered. The first bullish objective is located at 4.01 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 4.37 USD as an objective. Crossing it would then enable buyers to target 22.77 USD. In the event of a return below 3.60 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
6.8
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Additional analysis
Quotes
The FTX TOKEN - FTT/USD rating is 3.64 USD. On the day, this instrument gained +14.11% and was traded between 2.94 USD and 3.99 USD over the period. The price is currently at +23.81% from its lowest and -8.77% from its highest.2.94
3.99
3.64
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this FTX TOKEN - FTT/USD chart shows a 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. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Moving Average bullish crossovers : AMA20 & AMA50
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 80
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.21 | 3.40 | 3.60 | 3.64 | 4.01 | 4.37 | 22.77 |
| Change (%) | -11.81% | -6.59% | -1.10% | - | +10.16% | +20.05% | +525.55% |
| Change | -0.43 | -0.24 | -0.04 | - | +0.37 | +0.73 | +19.13 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
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 | 2.63 | 2.86 | 3.03 | 3.26 | 3.43 | 3.66 | 3.83 |
| Camarilla | 3.08 | 3.12 | 3.15 | 3.19 | 3.23 | 3.26 | 3.30 |
| Woodie | 2.59 | 2.85 | 2.99 | 3.25 | 3.39 | 3.65 | 3.79 |
| Fibonacci | 2.86 | 3.02 | 3.11 | 3.26 | 3.42 | 3.51 | 3.66 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.35 | 2.07 | 2.74 | 3.46 | 4.13 | 4.85 | 5.52 |
| Camarilla | 3.02 | 3.15 | 3.27 | 3.40 | 3.53 | 3.66 | 3.78 |
| Woodie | 1.32 | 2.06 | 2.71 | 3.45 | 4.10 | 4.84 | 5.49 |
| Fibonacci | 2.07 | 2.60 | 2.93 | 3.46 | 3.99 | 4.32 | 4.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.52 | 0.74 | 0.99 | 1.21 | 1.46 | 1.68 | 1.93 |
| Camarilla | 1.11 | 1.15 | 1.20 | 1.24 | 1.28 | 1.33 | 1.37 |
| Woodie | 0.54 | 0.75 | 1.01 | 1.22 | 1.48 | 1.69 | 1.95 |
| Fibonacci | 0.74 | 0.92 | 1.03 | 1.21 | 1.39 | 1.50 | 1.68 |
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): | 73.08 | |
| MACD (12,26,9): | 0.0700 | |
| Directional Movement: | 39.64 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 3.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.03 | |
| Elder Ray (13): | 0.46 | |
| Super Trend (3,10): | 3.16 | |
| Zig ZAG (10): | 3.61 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 79.76 | |
| TEMA (21): | 3.39 | |
| Williams %R (14): | -33.33 | |
| Chande Momentum Oscillator (20): | 0.58 | |
| Repulse (5,40,3): | 6.1800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 14.41 |
| MA7: | 3.42 | |
| MA20: | 2.62 | |
| MA50: | 1.73 | |
| MA100: | 1.40 | |
| MAexp7: | 3.41 | |
| MAexp20: | 3.26 | |
| MAexp50: | 3.25 | |
| MAexp100: | 3.29 | |
| Price / MA7: | +6.43% | |
| Price / MA20: | +38.93% | |
| Price / MA50: | +110.40% | |
| Price / MA100: | +160.00% | |
| Price / MAexp7: | +6.74% | |
| Price / MAexp20: | +11.66% | |
| Price / MAexp50: | +12.00% | |
| Price / MAexp100: | +10.64% |
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.
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