FANTOM - FTM/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSD
ISIN:

FANTOM - FTM/USD - Daily - Technical analysis published on 08/17/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 0.262900 USD

My targets

0.201800 USD (-6.40%)

0.168600 USD (-21.80%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on FANTOM - FTM/USD as long as the price remains well below 0.262900 USD. The sellers' bearish objective is set at 0.201800 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.168600 USD. In case of crossing, the next objective would be the support located at 0.107500 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.5

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

FANTOM - FTM/USD rating 0.215600 USD. The price registered a decrease of -0.05% on the session and was between 0.212900 USD and 0.218000 USD. This implies that the price is at +1.27% from its lowest and at -1.10% from its highest.

0.212900

0.218000

0.215600

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of FANTOM - FTM/USD in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Moving Average bearish crossovers : AMA50 & AMA100

Type : Bearish

Timeframe : Daily

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

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

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	0.215600	0.318360	0.438600	0.533500
Change (%)	-	+47.66%	+103.43%	+147.45%
Change	-	+0.102760	+0.223000	+0.317900
Level	-	Minor	Intermediate	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.188700	0.199300	0.207500	0.218100	0.226300	0.236900	0.245100
Camarilla	0.210530	0.212253	0.213977	0.215700	0.217423	0.219147	0.220870
Woodie	0.187500	0.198700	0.206300	0.217500	0.225100	0.236300	0.243900
Fibonacci	0.199300	0.206482	0.210918	0.218100	0.225282	0.229718	0.236900

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.210733	0.218967	0.229433	0.237667	0.248133	0.256367	0.266833
Camarilla	0.234758	0.236472	0.238186	0.239900	0.241614	0.243328	0.245043
Woodie	0.211850	0.219525	0.230550	0.238225	0.249250	0.256925	0.267950
Fibonacci	0.218967	0.226110	0.230523	0.237667	0.244810	0.249223	0.256367

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.107500	0.168600	0.201800	0.262900	0.296100	0.357200	0.390400
Camarilla	0.209068	0.217712	0.226356	0.235000	0.243644	0.252288	0.260933
Woodie	0.093550	0.161625	0.187850	0.255925	0.282150	0.350225	0.376450
Fibonacci	0.168600	0.204623	0.226877	0.262900	0.298923	0.321177	0.357200

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):	31.68
MACD (12,26,9):	-0.0086
Directional Movement:	-22.012859
AROON (14):	-35.714286
DEMA (21):	0.225087
Parabolic SAR (0,02-0,02-0,2):	0.243821
Elder Ray (13):	-0.016970
Super Trend (3,10):	0.247264
Zig ZAG (10):	0.216100
VORTEX (21):	0.8632
Stochastique (14,3,5):	19.61
TEMA (21):	0.225648
Williams %R (14):	-82.78
Chande Momentum Oscillator (20):	-0.020200
Repulse (5,40,3):	-6.1436
ROCnROLL:	2
TRIX (15,9):	-0.4528
Courbe Coppock:	7.72

MA7:	0.231900
MA20:	0.235920
MA50:	0.258406
MA100:	0.288237
MAexp7:	0.227690
MAexp20:	0.236676
MAexp50:	0.256363
MAexp100:	0.287228
Price / MA7:	-7.03%
Price / MA20:	-8.61%
Price / MA50:	-16.57%
Price / MA100:	-25.20%
Price / MAexp7:	-5.31%
Price / MAexp20:	-8.91%
Price / MAexp50:	-15.90%
Price / MAexp100:	-24.94%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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