Londinia Opportunities Analyses - 01/27/2023 (GMT) FTX TOKEN - FTT/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | FTTUSDT |
| ISIN: |
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 1.87 USDT
My targets
1.79 USDT (-2.72%)
1.70 USDT (-7.61%)
My analysis
FTX TOKEN - FTT/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 1.87 USDT. The next support located at 1.79 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 1.70 USDT. Below this support, sellers could then target 1.16 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.2
Analysis too old. There are no more charts available.
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.
Additional analysis
Quotes
The FTX TOKEN - FTT/USDT rating is 1.84 USDT. The price is lower by -2.65% since the last closing and was traded between 1.82 USDT and 1.88 USDT over the period. The price is currently at +1.10% from its lowest and -2.13% from its highest.1.82
1.88
1.84
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
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of FTX TOKEN - FTT/USDT in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.16 | 1.70 | 1.79 | 1.84 | 1.87 | 2.02 | 2.23 |
| Change (%) | -36.96% | -7.61% | -2.72% | - | +1.63% | +9.78% | +21.20% |
| Change | -0.68 | -0.14 | -0.05 | - | +0.03 | +0.18 | +0.39 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.74 | 1.80 | 1.85 | 1.91 | 1.96 | 2.02 | 2.07 |
| Camarilla | 1.86 | 1.87 | 1.88 | 1.89 | 1.90 | 1.91 | 1.92 |
| Woodie | 1.73 | 1.80 | 1.84 | 1.91 | 1.95 | 2.02 | 2.06 |
| Fibonacci | 1.80 | 1.85 | 1.87 | 1.91 | 1.96 | 1.98 | 2.02 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.38 | 1.00 | 1.58 | 2.20 | 2.78 | 3.40 | 3.98 |
| Camarilla | 1.82 | 1.93 | 2.04 | 2.15 | 2.26 | 2.37 | 2.48 |
| Woodie | 0.35 | 0.99 | 1.55 | 2.19 | 2.75 | 3.39 | 3.95 |
| Fibonacci | 1.00 | 1.46 | 1.75 | 2.20 | 2.66 | 2.95 | 3.40 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.59 | 0.12 | 0.48 | 1.19 | 1.55 | 2.26 | 2.62 |
| Camarilla | 0.55 | 0.64 | 0.74 | 0.84 | 0.94 | 1.04 | 1.13 |
| Woodie | -0.77 | 0.03 | 0.31 | 1.10 | 1.38 | 2.17 | 2.45 |
| Fibonacci | 0.12 | 0.53 | 0.78 | 1.19 | 1.60 | 1.85 | 2.26 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.49 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -8.25 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 1.89 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.93 | |
| Elder Ray (13): | -0.05 | |
| Super Trend (3,10): | 1.96 | |
| Zig ZAG (10): | 1.84 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 6.31 | |
| TEMA (21): | 1.88 | |
| Williams %R (14): | -98.50 | |
| Chande Momentum Oscillator (20): | -0.10 | |
| Repulse (5,40,3): | -2.8500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 4.51 |
| MA7: | 2.00 | |
| MA20: | 1.83 | |
| MA50: | 1.37 | |
| MA100: | 5.78 | |
| MAexp7: | 1.88 | |
| MAexp20: | 1.91 | |
| MAexp50: | 1.94 | |
| MAexp100: | 2.00 | |
| Price / MA7: | -8.00% | |
| Price / MA20: | +0.55% | |
| Price / MA50: | +34.31% | |
| Price / MA100: | -68.17% | |
| Price / MAexp7: | -2.13% | |
| Price / MAexp20: | -3.66% | |
| Price / MAexp50: | -5.15% | |
| Price / MAexp100: | -8.00% |
Quotes :
-
Real time data
-
Cryptocompare