FUN TOKEN - FUN/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	FUNUSD
ISIN:

FUN TOKEN - FUN/USD - 1H - Technical analysis published on 10/11/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

11%

22%

My opinion

Bullish above 0.003378 USD

My targets

0.003746 USD (+4.11%)

0.004296 USD (+19.40%)

My analysis

FUN TOKEN - FUN/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.003378 USD. The next resistance located at 0.003746 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.004296 USD. After this resistance, buyers could then target 0.004862 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.9

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. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FUN TOKEN - FUN/USD rating is 0.003598 USD. The price is lower by -0.22% since the last closing and was traded between 0.003145 USD and 0.003784 USD over the period. The price is currently at +14.40% from its lowest and -4.92% from its highest.

0.003145

0.003784

0.003598

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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 (1st january)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of this 1H chart of FUN TOKEN - FUN/USD indicates that the overall trend is strongly bullish. 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. An assessment of moving averages reveals several bullish signals that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : 1 hour

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently 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 detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The presence of these bearish patterns in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term were also noted

Bearish harami

Type : Bearish

Timeframe : 1 hour

Bearish harami cross

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.003104	0.003233	0.003378	0.003598	0.003617	0.003746	0.004862
Change (%)	-13.73%	-10.14%	-6.11%	-	+0.53%	+4.11%	+35.13%
Change	-0.000494	-0.000365	-0.000220	-	+0.000019	+0.000148	+0.001264
Level	Intermediate	Minor	Minor	-	Major	Intermediate	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.002487	0.002734	0.003170	0.003417	0.003853	0.004100	0.004536
Camarilla	0.003418	0.003481	0.003543	0.003606	0.003669	0.003731	0.003794
Woodie	0.002582	0.002781	0.003265	0.003464	0.003948	0.004147	0.004631
Fibonacci	0.002734	0.002995	0.003156	0.003417	0.003678	0.003839	0.004100

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001800	0.002398	0.002749	0.003347	0.003698	0.004296	0.004647
Camarilla	0.002839	0.002926	0.003013	0.003100	0.003187	0.003274	0.003361
Woodie	0.001677	0.002336	0.002626	0.003285	0.003575	0.004234	0.004524
Fibonacci	0.002398	0.002761	0.002985	0.003347	0.003710	0.003934	0.004296

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.001565	0.002187	0.002734	0.003356	0.003903	0.004525	0.005072
Camarilla	0.002959	0.003066	0.003173	0.003280	0.003387	0.003494	0.003602
Woodie	0.001527	0.002168	0.002696	0.003337	0.003865	0.004506	0.005034
Fibonacci	0.002187	0.002634	0.002910	0.003356	0.003803	0.004079	0.004525

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):	56.34
MACD (12,26,9):	0.0000
Directional Movement:	-8.776375
AROON (14):	14.285714
DEMA (21):	0.003571
Parabolic SAR (0,02-0,02-0,2):	0.003150
Elder Ray (13):	0.000211
Super Trend (3,10):	0.003810
Zig ZAG (10):	0.003751
VORTEX (21):	0.9894
Stochastique (14,3,5):	82.56
TEMA (21):	0.003548
Williams %R (14):	-5.16
Chande Momentum Oscillator (20):	0.000113
Repulse (5,40,3):	11.1216
ROCnROLL:	1
TRIX (15,9):	0.0696
Courbe Coppock:	6.16

MA7:	0.003349
MA20:	0.003491
MA50:	0.003395
MA100:	0.003365
MAexp7:	0.003565
MAexp20:	0.003547
MAexp50:	0.003486
MAexp100:	0.003397
Price / MA7:	+7.44%
Price / MA20:	+3.07%
Price / MA50:	+5.98%
Price / MA100:	+6.92%
Price / MAexp7:	+0.93%
Price / MAexp20:	+1.44%
Price / MAexp50:	+3.21%
Price / MAexp100:	+5.92%

Quotes : - Real time data - Cryptocompare

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

About author

Londinia AI

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