SUN - SUN/USD - 1H - Technical analysis published on 02/11/2024 (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:
Bearish
Underlying:
Slightly bearish
Technical indicators
28%
28%
44%
My opinion
Bearish under 0.007623 USD
My targets
0.007373 USD (-1.77%)
0.007232 USD (-3.65%)
My analysis
The bearish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade SUN TOKEN - SUN/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.007623 USD. The next bearish objective for sellers is set at 0.007373 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.007232 USD. In case of crossing, the next objective would be the support located at 0.006963 USD. In the event of a bullish break in the resistance located at 0.007623 USD a certain indecision would take hold.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2.1
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Additional analysis
Quotes
The SUN TOKEN - SUN/USD price is 0.007506 USD. On the day, this instrument lost -0.19% and was traded between 0.007505 USD and 0.007566 USD over the period. The price is currently at +0.01% from its lowest and -0.79% from its highest.0.007505
0.007566
0.007506
Here is a more detailed summary of the historical variations registered by SUN TOKEN - SUN/USD:
Technical
Technical analysis of SUN TOKEN - SUN/USD in 1H shows an overall slightly bearish trend. 57.14% of the signals given by moving averages are bearish. This bearish trend does not seem to be increasing given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 8 are neutral and 5 are bearish. Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Ichimoku : price is under the cloud
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.006963 | 0.007232 | 0.007373 | 0.007506 | 0.007520 | 0.007623 | 0.007717 |
| Change (%) | -7.23% | -3.65% | -1.77% | - | +0.19% | +1.56% | +2.81% |
| Change | -0.000543 | -0.000274 | -0.000133 | - | +0.000014 | +0.000117 | +0.000211 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.007235 | 0.007359 | 0.007439 | 0.007563 | 0.007643 | 0.007767 | 0.007847 |
| Camarilla | 0.007464 | 0.007483 | 0.007501 | 0.007520 | 0.007539 | 0.007557 | 0.007576 |
| Woodie | 0.007214 | 0.007348 | 0.007418 | 0.007552 | 0.007622 | 0.007756 | 0.007826 |
| Fibonacci | 0.007359 | 0.007437 | 0.007485 | 0.007563 | 0.007641 | 0.007689 | 0.007767 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.006545 | 0.006889 | 0.007204 | 0.007548 | 0.007863 | 0.008207 | 0.008522 |
| Camarilla | 0.007339 | 0.007399 | 0.007460 | 0.007520 | 0.007580 | 0.007641 | 0.007701 |
| Woodie | 0.006532 | 0.006882 | 0.007191 | 0.007541 | 0.007850 | 0.008200 | 0.008509 |
| Fibonacci | 0.006889 | 0.007140 | 0.007296 | 0.007548 | 0.007799 | 0.007955 | 0.008207 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.004010 | 0.005388 | 0.006290 | 0.007668 | 0.008570 | 0.009948 | 0.010850 |
| Camarilla | 0.006566 | 0.006775 | 0.006984 | 0.007193 | 0.007402 | 0.007611 | 0.007820 |
| Woodie | 0.003773 | 0.005269 | 0.006053 | 0.007549 | 0.008333 | 0.009829 | 0.010613 |
| Fibonacci | 0.005388 | 0.006259 | 0.006797 | 0.007668 | 0.008539 | 0.009077 | 0.009948 |
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): | 50.68 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.641125 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.007531 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.007582 | |
| Elder Ray (13): | -0.000002 | |
| Super Trend (3,10): | 0.007665 | |
| Zig ZAG (10): | 0.007566 | |
| VORTEX (21): | 0.8203 | |
| Stochastique (14,3,5): | 45.17 | |
| TEMA (21): | 0.007523 | |
| Williams %R (14): | -81.93 | |
| Chande Momentum Oscillator (20): | -0.000024 | |
| Repulse (5,40,3): | 0.0483 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0364 | |
| Courbe Coppock: | 0.08 |
| MA7: | 0.007524 | |
| MA20: | 0.007335 | |
| MA50: | 0.007689 | |
| MA100: | 0.007089 | |
| MAexp7: | 0.007535 | |
| MAexp20: | 0.007553 | |
| MAexp50: | 0.007574 | |
| MAexp100: | 0.007558 | |
| Price / MA7: | -0.24% | |
| Price / MA20: | +2.33% | |
| Price / MA50: | -2.38% | |
| Price / MA100: | +5.88% | |
| Price / MAexp7: | -0.38% | |
| Price / MAexp20: | -0.62% | |
| Price / MAexp50: | -0.90% | |
| Price / MAexp100: | -0.69% |
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.
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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