FERRUM NETWORK - FRM/USDT - 1H - Technical analysis published on 10/21/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 0.015291 USDT
My targets
0.016377 USDT (+3.79%)
0.016613 USDT (+5.29%)
My analysis
FERRUM NETWORK - FRM/USDT 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 0.015291 USDT. The next resistance located at 0.016377 USDT is the next bullish target 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 0.016613 USDT. After this resistance, buyers could then target 0.016919 USDT.
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
0
10
6.1
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This analysis was given by donger. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The FERRUM NETWORK - FRM/USDT price is 0.015779 USDT. The price registered an increase of +1.66% on the session and was traded between 0.015460 USDT and 0.016189 USDT over the period. The price is currently at +2.06% from its lowest and -2.53% from its highest.0.015460
0.016189
0.015779
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of FERRUM NETWORK - FRM/USDT indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.014970 | 0.015291 | 0.015779 | 0.015832 | 0.016377 | 0.016613 |
| Change (%) | -5.13% | -3.09% | - | +0.34% | +3.79% | +5.29% |
| Change | -0.000809 | -0.000488 | - | +0.000053 | +0.000598 | +0.000834 |
| Level | Minor | Intermediate | - | Intermediate | Intermediate | 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 | 0.014528 | 0.014884 | 0.015203 | 0.015559 | 0.015878 | 0.016234 | 0.016553 |
| Camarilla | 0.015335 | 0.015397 | 0.015459 | 0.015521 | 0.015583 | 0.015645 | 0.015707 |
| Woodie | 0.014509 | 0.014875 | 0.015184 | 0.015550 | 0.015859 | 0.016225 | 0.016534 |
| Fibonacci | 0.014884 | 0.015142 | 0.015302 | 0.015559 | 0.015817 | 0.015977 | 0.016234 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012858 | 0.013914 | 0.014807 | 0.015863 | 0.016756 | 0.017812 | 0.018705 |
| Camarilla | 0.015164 | 0.015343 | 0.015521 | 0.015700 | 0.015879 | 0.016057 | 0.016236 |
| Woodie | 0.012777 | 0.013873 | 0.014726 | 0.015822 | 0.016675 | 0.017771 | 0.018624 |
| Fibonacci | 0.013914 | 0.014659 | 0.015119 | 0.015863 | 0.016608 | 0.017068 | 0.017812 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.011682 | 0.014601 | 0.017694 | 0.020613 | 0.023706 | 0.026625 | 0.029718 |
| Camarilla | 0.019134 | 0.019685 | 0.020236 | 0.020787 | 0.021338 | 0.021889 | 0.022440 |
| Woodie | 0.011769 | 0.014645 | 0.017781 | 0.020657 | 0.023793 | 0.026669 | 0.029805 |
| Fibonacci | 0.014601 | 0.016898 | 0.018316 | 0.020613 | 0.022910 | 0.024328 | 0.026625 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.31 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.020185 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.015631 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.015457 | |
| Elder Ray (13): | 0.000025 | |
| Super Trend (3,10): | 0.016165 | |
| Zig ZAG (10): | 0.015724 | |
| VORTEX (21): | 0.9731 | |
| Stochastique (14,3,5): | 47.89 | |
| TEMA (21): | 0.015635 | |
| Williams %R (14): | -48.31 | |
| Chande Momentum Oscillator (20): | 0.000380 | |
| Repulse (5,40,3): | 1.2154 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0213 | |
| Courbe Coppock: | 0.15 |
| MA7: | 0.015620 | |
| MA20: | 0.016223 | |
| MA50: | 0.017680 | |
| MA100: | 0.020504 | |
| MAexp7: | 0.015666 | |
| MAexp20: | 0.015648 | |
| MAexp50: | 0.015654 | |
| MAexp100: | 0.015667 | |
| Price / MA7: | +1.02% | |
| Price / MA20: | -2.74% | |
| Price / MA50: | -10.75% | |
| Price / MA100: | -23.04% | |
| Price / MAexp7: | +0.72% | |
| Price / MAexp20: | +0.84% | |
| Price / MAexp50: | +0.80% | |
| Price / MAexp100: | +0.71% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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