Londinia Opportunities Analyses - 05/07/2024 (GMT) FIRO - FIRO/USDT - 1H

- USDT (-)

- Real time data - Cryptocompare

Type:	Cryptocurrencies
Ticker:	FIROUSDT
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

Cryptocurrencies
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

11%

17%

My opinion

Bullish above 1.81 USDT

My targets

1.98 USDT (+6.45%)

2.11 USDT (+13.44%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on FIRO - FIRO/USDT as long as the price remains well above 1.81 USDT. The buyers' bullish objective is set at 1.98 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 2.11 USDT. If there is any crossing, the next objective would be the resistance located at 2.43 USDT. 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

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

FIRO - FIRO/USDT rating 1.86 USDT. The price registered an increase of +12.05% on the session and was between 1.66 USDT and 2.54 USDT. This implies that the price is at +12.05% from its lowest and at -26.77% from its highest.

1.66

2.54

1.86

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows an item:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Abnormal volumes on FIRO - FIRO/USDT were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of FIRO - FIRO/USDT indicates that the overall trend is strongly bullish. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, 13 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour

Parabolic SAR indicator bearish reversal

Type : Bearish

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

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	1.64	1.69	1.81	1.86	1.99	2.11	2.43
Change (%)	-11.83%	-9.14%	-2.69%	-	+6.99%	+13.44%	+30.65%
Change	-0.22	-0.17	-0.05	-	+0.13	+0.25	+0.57
Level	Major	Intermediate	Intermediate	-	Minor	Minor	Intermediate

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	1.59	1.63	1.64	1.68	1.69	1.73	1.74
Camarilla	1.65	1.65	1.66	1.66	1.67	1.67	1.67
Woodie	1.59	1.62	1.64	1.67	1.69	1.72	1.74
Fibonacci	1.63	1.65	1.66	1.68	1.70	1.71	1.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.23	1.34	1.48	1.59	1.73	1.84	1.98
Camarilla	1.55	1.57	1.60	1.62	1.64	1.67	1.69
Woodie	1.25	1.35	1.50	1.60	1.75	1.85	2.00
Fibonacci	1.34	1.44	1.50	1.59	1.69	1.75	1.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.17	0.77	1.16	1.76	2.15	2.75	3.14
Camarilla	1.27	1.36	1.45	1.54	1.63	1.72	1.81
Woodie	0.06	0.72	1.05	1.71	2.04	2.70	3.03
Fibonacci	0.77	1.15	1.39	1.76	2.14	2.38	2.75

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):	66.16
MACD (12,26,9):	0.0400
Directional Movement:	44.56
AROON (14):	71.43
DEMA (21):	1.81
Parabolic SAR (0,02-0,02-0,2):	2.54
Elder Ray (13):	0.05
Super Trend (3,10):	1.79
Zig ZAG (10):	1.88
VORTEX (21):	1.0600
Stochastique (14,3,5):	19.59
TEMA (21):	1.84
Williams %R (14):	-78.01
Chande Momentum Oscillator (20):	0.17
Repulse (5,40,3):	-0.2400
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	14.49

MA7:	1.66
MA20:	1.67
MA50:	1.82
MA100:	1.83
MAexp7:	1.82
MAexp20:	1.76
MAexp50:	1.71
MAexp100:	1.67
Price / MA7:	+12.05%
Price / MA20:	+11.38%
Price / MA50:	+2.20%
Price / MA100:	+1.64%
Price / MAexp7:	+2.20%
Price / MAexp20:	+5.68%
Price / MAexp50:	+8.77%
Price / MAexp100:	+11.38%

Quotes : - Real time data - Cryptocompare