FUN TOKEN - FUN/USDT - Daily - Technical analysis published on 01/28/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
50%
6%
44%
My opinion
Bearish under 0.003349 USDT
My targets
0.002753 USDT (-7.93%)
0.002574 USDT (-13.91%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FUNFAIR - FUN/USDT. As long as you are under the resistance located at 0.003349 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.002753 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.002574 USDT as an objective. Crossing it would then enable sellers to target 0.002400 USDT. If the resistance 0.003349 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
FORCE
0
10
1.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FUNFAIR - FUN/USDT price is 0.002990 USDT. On the day, this instrument gained +1.08% and was between 0.002910 USDT and 0.003002 USDT. This implies that the price is at +2.75% from its lowest and at -0.40% from its highest.0.002910
0.003002
0.002990
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 this Daily chart of FUNFAIR - FUN/USDT indicates that the overall trend is bearish. 75% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
In fact, only 9 technical indicators out of 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.002400 | 0.002574 | 0.002753 | 0.002990 | 0.003349 | 0.003546 | 0.004074 |
| Change (%) | -19.73% | -13.91% | -7.93% | - | +12.01% | +18.60% | +36.25% |
| Change | -0.000590 | -0.000416 | -0.000237 | - | +0.000359 | +0.000556 | +0.001084 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 0.002812 | 0.002873 | 0.002916 | 0.002977 | 0.003020 | 0.003081 | 0.003124 |
| Camarilla | 0.002929 | 0.002939 | 0.002949 | 0.002958 | 0.002968 | 0.002977 | 0.002987 |
| Woodie | 0.002802 | 0.002869 | 0.002906 | 0.002973 | 0.003010 | 0.003077 | 0.003114 |
| Fibonacci | 0.002873 | 0.002913 | 0.002938 | 0.002977 | 0.003017 | 0.003042 | 0.003081 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.002487 | 0.002645 | 0.002726 | 0.002884 | 0.002965 | 0.003123 | 0.003204 |
| Camarilla | 0.002741 | 0.002763 | 0.002785 | 0.002807 | 0.002829 | 0.002851 | 0.002873 |
| Woodie | 0.002449 | 0.002626 | 0.002688 | 0.002865 | 0.002927 | 0.003104 | 0.003166 |
| Fibonacci | 0.002645 | 0.002736 | 0.002793 | 0.002884 | 0.002975 | 0.003032 | 0.003123 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.001035 | 0.001912 | 0.002540 | 0.003417 | 0.004045 | 0.004922 | 0.005550 |
| Camarilla | 0.002754 | 0.002892 | 0.003030 | 0.003168 | 0.003306 | 0.003444 | 0.003582 |
| Woodie | 0.000911 | 0.001850 | 0.002416 | 0.003355 | 0.003921 | 0.004860 | 0.005426 |
| Fibonacci | 0.001912 | 0.002487 | 0.002842 | 0.003417 | 0.003992 | 0.004347 | 0.004922 |
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): | 50.24 | |
| MACD (12,26,9): | -0.0001 | |
| Directional Movement: | 1.606237 | |
| AROON (14): | 14.285715 | |
| DEMA (21): | 0.002875 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.003164 | |
| Elder Ray (13): | 0.000020 | |
| Super Trend (3,10): | 0.003310 | |
| Zig ZAG (10): | 0.002998 | |
| VORTEX (21): | 0.8748 | |
| Stochastique (14,3,5): | 41.80 | |
| TEMA (21): | 0.002890 | |
| Williams %R (14): | -44.15 | |
| Chande Momentum Oscillator (20): | 0.000147 | |
| Repulse (5,40,3): | -0.1224 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3771 | |
| Courbe Coppock: | 2.49 |
| MA7: | 0.002913 | |
| MA20: | 0.002909 | |
| MA50: | 0.003173 | |
| MA100: | 0.003264 | |
| MAexp7: | 0.002931 | |
| MAexp20: | 0.002962 | |
| MAexp50: | 0.003088 | |
| MAexp100: | 0.003227 | |
| Price / MA7: | +2.64% | |
| Price / MA20: | +2.78% | |
| Price / MA50: | -5.77% | |
| Price / MA100: | -8.39% | |
| Price / MAexp7: | +2.01% | |
| Price / MAexp20: | +0.95% | |
| Price / MAexp50: | -3.17% | |
| Price / MAexp100: | -7.34% |
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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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