FANTOM - FTM/USD

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	FTMUSD
ISIN:

FANTOM - FTM/USD - 1H - Technical analysis published on 08/21/2024 (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

89%

My opinion

Bullish above 0.426933 USD

My targets

0.461182 USD (+0.93%)

0.514443 USD (+12.59%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FANTOM - FTM/USD as long as the price remains well above 0.426933 USD. The buyers' bullish objective is set at 0.461182 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.514443 USD. If there is any crossing, the next objective would be the resistance located at 0.634137 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.8

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

The FANTOM - FTM/USD rating is 0.456913 USD. The price registered an increase of +15.19% on the session and was between 0.391626 USD and 0.460444 USD. This implies that the price is at +16.67% from its lowest and at -0.77% from its highest.

0.391626

0.460444

0.456913

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FANTOM - FTM/USD:

Technical

Technical analysis of FANTOM - FTM/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 16 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

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

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

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

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.387907	0.397660	0.403672	0.456913	0.634137	0.923962	1.143874
Change (%)	-15.10%	-12.97%	-11.65%	-	+38.79%	+102.22%	+150.35%
Change	-0.069006	-0.059253	-0.053241	-	+0.177224	+0.467049	+0.686961
Level	Minor	Intermediate	Intermediate	-	Major	Intermediate	Major

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	0.361521	0.370119	0.383395	0.391993	0.405269	0.413867	0.427143
Camarilla	0.390656	0.392661	0.394666	0.396671	0.398676	0.400681	0.402686
Woodie	0.363860	0.371289	0.385734	0.393163	0.407608	0.415037	0.429482
Fibonacci	0.370119	0.378475	0.383637	0.391993	0.400349	0.405511	0.413867

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.251913	0.286162	0.339423	0.373672	0.426933	0.461182	0.514443
Camarilla	0.368620	0.376642	0.384663	0.392685	0.400707	0.408729	0.416750
Woodie	0.261420	0.290915	0.348930	0.378425	0.436440	0.465935	0.523950
Fibonacci	0.286162	0.319591	0.340243	0.373672	0.407101	0.427753	0.461182

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.126387	0.253432	0.332355	0.459400	0.538323	0.665368	0.744291
Camarilla	0.354636	0.373516	0.392397	0.411277	0.430157	0.449038	0.467918
Woodie	0.102325	0.241402	0.308293	0.447370	0.514261	0.653338	0.720229
Fibonacci	0.253432	0.332112	0.380721	0.459400	0.538080	0.586689	0.665368

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):	84.55
MACD (12,26,9):	0.0132
Directional Movement:	43.772053
AROON (14):	92.857143
DEMA (21):	0.430107
Parabolic SAR (0,02-0,02-0,2):	0.404292
Elder Ray (13):	0.033825
Super Trend (3,10):	0.427809
Zig ZAG (10):	0.455315
VORTEX (21):	1.3950
Stochastique (14,3,5):	96.37
TEMA (21):	0.439866
Williams %R (14):	-4.04
Chande Momentum Oscillator (20):	0.051864
Repulse (5,40,3):	7.4837
ROCnROLL:	1
TRIX (15,9):	0.2506
Courbe Coppock:	16.97

MA7:	0.398077
MA20:	0.361852
MA50:	0.426287
MA100:	0.565442
MAexp7:	0.435544
MAexp20:	0.415562
MAexp50:	0.402266
MAexp100:	0.393430
Price / MA7:	+14.78%
Price / MA20:	+26.27%
Price / MA50:	+7.18%
Price / MA100:	-19.19%
Price / MAexp7:	+4.91%
Price / MAexp20:	+9.95%
Price / MAexp50:	+13.58%
Price / MAexp100:	+16.14%

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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