FANTOM - FTM/USD - 1H - Technical analysis published on 03/09/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 0.786159 USD
My targets
0.831420 USD (+1.59%)
1.084000 USD (+32.46%)
My analysis
The bullish trend is currently very strong on FANTOM - FTM/USD. As long as the price remains above the support at 0.786159 USD, you could try to benefit from the boom. The first bullish objective is located at 0.831420 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.084000 USD as an objective. Crossing it would then enable buyers to target 1.628000 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
8.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FANTOM - FTM/USD rating 0.818388 USD. The price registered a decrease of -0.13% on the session with the lowest point at 0.807846 USD and the highest point at 0.838694 USD. The deviation from the price is +1.30% for the low point and -2.42% for the high point.0.807846
0.838694
0.818388
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on FANTOM - FTM/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of FANTOM - FTM/USD in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.633200 | 0.730073 | 0.786159 | 0.818388 | 0.831420 | 1.084000 | 1.628000 |
Change (%) | -22.63% | -10.79% | -3.94% | - | +1.59% | +32.46% | +98.93% |
Change | -0.185188 | -0.088315 | -0.032229 | - | +0.013032 | +0.265612 | +0.809612 |
Level | Major | Intermediate | Minor | - | 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 | 0.662961 | 0.712928 | 0.766197 | 0.816164 | 0.869433 | 0.919400 | 0.972669 |
Camarilla | 0.791076 | 0.800539 | 0.810003 | 0.819466 | 0.828929 | 0.838393 | 0.847856 |
Woodie | 0.664612 | 0.713754 | 0.767848 | 0.816990 | 0.871084 | 0.920226 | 0.974320 |
Fibonacci | 0.712928 | 0.752364 | 0.776728 | 0.816164 | 0.855600 | 0.879964 | 0.919400 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.323300 | 0.367182 | 0.454188 | 0.498070 | 0.585076 | 0.628958 | 0.715964 |
Camarilla | 0.505199 | 0.517197 | 0.529195 | 0.541193 | 0.553191 | 0.565189 | 0.577187 |
Woodie | 0.344861 | 0.377963 | 0.475749 | 0.508851 | 0.606637 | 0.639739 | 0.737525 |
Fibonacci | 0.367182 | 0.417182 | 0.448071 | 0.498070 | 0.548070 | 0.578959 | 0.628958 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.213840 | 0.277961 | 0.369599 | 0.433720 | 0.525358 | 0.589479 | 0.681117 |
Camarilla | 0.418402 | 0.432680 | 0.446958 | 0.461236 | 0.475514 | 0.489792 | 0.504070 |
Woodie | 0.227598 | 0.284840 | 0.383357 | 0.440599 | 0.539116 | 0.596358 | 0.694875 |
Fibonacci | 0.277961 | 0.337461 | 0.374220 | 0.433720 | 0.493220 | 0.529979 | 0.589479 |
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): | 57.99 | |
MACD (12,26,9): | 0.0067 | |
Directional Movement: | 5.933425 | |
AROON (14): | 85.714286 | |
DEMA (21): | 0.825936 | |
Parabolic SAR (0,02-0,02-0,2): | 0.797551 | |
Elder Ray (13): | 0.008201 | |
Super Trend (3,10): | 0.777864 | |
Zig ZAG (10): | 0.828118 | |
VORTEX (21): | 1.0724 | |
Stochastique (14,3,5): | 85.98 | |
TEMA (21): | 0.822173 | |
Williams %R (14): | -13.16 | |
Chande Momentum Oscillator (20): | 0.025933 | |
Repulse (5,40,3): | 0.1793 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0870 | |
Courbe Coppock: | 4.72 |
MA7: | 0.740598 | |
MA20: | 0.546854 | |
MA50: | 0.443098 | |
MA100: | 0.430299 | |
MAexp7: | 0.823921 | |
MAexp20: | 0.816062 | |
MAexp50: | 0.793648 | |
MAexp100: | 0.748377 | |
Price / MA7: | +10.50% | |
Price / MA20: | +49.65% | |
Price / MA50: | +84.70% | |
Price / MA100: | +90.19% | |
Price / MAexp7: | -0.67% | |
Price / MAexp20: | +0.29% | |
Price / MAexp50: | +3.12% | |
Price / MAexp100: | +9.36% |
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
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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