FANTOM - FTM/USD

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	FTMUSD
ISIN:

FANTOM - FTM/USD - 1H - Technical analysis published on 03/09/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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FANTOM - FTM/USD Chart

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

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

8.4

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.

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

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

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 : - Real time data - Cryptocompare

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

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