SUN - SUN/USD - 1H - Technical analysis published on 09/07/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
78%
6%
17%
My opinion
Bullish above 0.020607 USD
My targets
0.027540 USD (+1.24%)
0.030076 USD (+10.56%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for SUN TOKEN - SUN/USD as long as the price remains well above 0.020607 USD. The buyers' bullish objective is set at 0.027540 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.030076 USD. If there is any crossing, the next objective would be the resistance located at 0.031502 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.027540 USD. On this resistance, against the trend traders who would like to go short on SUN TOKEN - SUN/USD with a bearish signal from their trading strategy, should not hesitate to act.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
2.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
SUN TOKEN - SUN/USD rating 0.027203 USD. The price has increased by +5.03% since the last closing and was traded between 0.025415 USD and 0.027335 USD over the period. The price is currently at +7.04% from its lowest and -0.48% from its highest.0.025415
0.027335
0.027203
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this SUN TOKEN - SUN/USD chart shows a slightly bearish trend. Only 57.14% of the signals given by moving averages are bearish. This slightly bearish trend could quickly be reversed due to the strong bullish 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 price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.008302 | 0.011520 | 0.014014 | 0.027203 | 0.027540 | 0.030076 | 0.031502 |
| Change (%) | -69.48% | -57.65% | -48.48% | - | +1.24% | +10.56% | +15.80% |
| Change | -0.018901 | -0.015683 | -0.013189 | - | +0.000337 | +0.002873 | +0.004299 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.022003 | 0.023533 | 0.024717 | 0.026247 | 0.027431 | 0.028961 | 0.030145 |
| Camarilla | 0.025155 | 0.025403 | 0.025652 | 0.025901 | 0.026150 | 0.026399 | 0.026647 |
| Woodie | 0.021830 | 0.023447 | 0.024544 | 0.026161 | 0.027258 | 0.028875 | 0.029972 |
| Fibonacci | 0.023533 | 0.024570 | 0.025210 | 0.026247 | 0.027284 | 0.027924 | 0.028961 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.012421 | 0.020607 | 0.028425 | 0.036611 | 0.044429 | 0.052615 | 0.060433 |
| Camarilla | 0.031841 | 0.033308 | 0.034775 | 0.036242 | 0.037709 | 0.039176 | 0.040643 |
| Woodie | 0.012236 | 0.020515 | 0.028240 | 0.036519 | 0.044244 | 0.052523 | 0.060248 |
| Fibonacci | 0.020607 | 0.026721 | 0.030498 | 0.036611 | 0.042725 | 0.046502 | 0.052615 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.022271 | -0.007146 | 0.014548 | 0.029673 | 0.051367 | 0.066492 | 0.088186 |
| Camarilla | 0.026117 | 0.029492 | 0.032867 | 0.036242 | 0.039617 | 0.042992 | 0.046367 |
| Woodie | -0.018987 | -0.005504 | 0.017833 | 0.031315 | 0.054652 | 0.068134 | 0.091471 |
| Fibonacci | -0.007146 | 0.006919 | 0.015608 | 0.029673 | 0.043738 | 0.052427 | 0.066492 |
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): | 61.19 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 12.022339 | |
| AROON (14): | 85.714286 | |
| DEMA (21): | 0.026242 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.025730 | |
| Elder Ray (13): | 0.000698 | |
| Super Trend (3,10): | 0.025586 | |
| Zig ZAG (10): | 0.027203 | |
| VORTEX (21): | 0.9947 | |
| Stochastique (14,3,5): | 78.13 | |
| TEMA (21): | 0.026454 | |
| Williams %R (14): | -6.88 | |
| Chande Momentum Oscillator (20): | 0.001506 | |
| Repulse (5,40,3): | 2.0920 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0848 | |
| Courbe Coppock: | 4.42 |
| MA7: | 0.028830 | |
| MA20: | 0.028743 | |
| MA50: | 0.017413 | |
| MA100: | 0.014557 | |
| MAexp7: | 0.026484 | |
| MAexp20: | 0.026327 | |
| MAexp50: | 0.026717 | |
| MAexp100: | 0.027792 | |
| Price / MA7: | -5.64% | |
| Price / MA20: | -5.36% | |
| Price / MA50: | +56.22% | |
| Price / MA100: | +86.87% | |
| Price / MAexp7: | +2.71% | |
| Price / MAexp20: | +3.33% | |
| Price / MAexp50: | +1.82% | |
| Price / MAexp100: | -2.12% |
Quotes :
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Real time data
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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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