SUN TOKEN - SUN/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	SUNUSD
ISIN:

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

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.019064 USD

My targets

0.020613 USD (+6.36%)

0.021842 USD (+12.71%)

My analysis

The bullish trend is currently very strong on SUN TOKEN - SUN/USD. As long as the price remains above the support at 0.019064 USD, you could try to benefit from the boom. The first bullish objective is located at 0.020613 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.021842 USD as an objective. Crossing it would then enable buyers to target 0.024948 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

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

8.4

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

SUN TOKEN - SUN/USD rating 0.019380 USD. On the day, this instrument lost -0.02% and was traded between 0.018958 USD and 0.019383 USD over the period. The price is currently at +2.23% from its lowest and -0.02% from its highest.

0.018958

0.019383

0.019380

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of SUN TOKEN - SUN/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% 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 a bullish signal that could impact this trend:

Bullish price crossover with adaptative moving average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.017918	0.018378	0.019064	0.019380	0.024948	0.030076	0.039655
Change (%)	-7.54%	-5.17%	-1.63%	-	+28.73%	+55.19%	+104.62%
Change	-0.001462	-0.001002	-0.000316	-	+0.005568	+0.010696	+0.020275
Level	Intermediate	Intermediate	Major	-	Minor	Minor	Major

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.016742	0.017275	0.018329	0.018862	0.019916	0.020449	0.021503
Camarilla	0.018947	0.019092	0.019238	0.019383	0.019529	0.019674	0.019819
Woodie	0.017003	0.017405	0.018590	0.018992	0.020177	0.020579	0.021764
Fibonacci	0.017275	0.017881	0.018256	0.018862	0.019468	0.019843	0.020449

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.013259	0.014488	0.016936	0.018165	0.020613	0.021842	0.024290
Camarilla	0.018372	0.018709	0.019046	0.019383	0.019720	0.020057	0.020394
Woodie	0.013868	0.014793	0.017545	0.018470	0.021222	0.022147	0.024899
Fibonacci	0.014488	0.015893	0.016761	0.018165	0.019570	0.020438	0.021842

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.009673	0.012852	0.015528	0.018707	0.021383	0.024562	0.027238
Camarilla	0.016594	0.017131	0.017667	0.018204	0.018741	0.019277	0.019814
Woodie	0.009422	0.012726	0.015277	0.018581	0.021132	0.024436	0.026987
Fibonacci	0.012852	0.015089	0.016470	0.018707	0.020944	0.022325	0.024562

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):	68.38
MACD (12,26,9):	0.0003
Directional Movement:	15.772987
AROON (14):	64.285714
DEMA (21):	0.019177
Parabolic SAR (0,02-0,02-0,2):	0.019378
Elder Ray (13):	0.000272
Super Trend (3,10):	0.018590
Zig ZAG (10):	0.019326
VORTEX (21):	1.1839
Stochastique (14,3,5):	82.42
TEMA (21):	0.019333
Williams %R (14):	-6.39
Chande Momentum Oscillator (20):	0.000738
Repulse (5,40,3):	1.7182
ROCnROLL:	1
TRIX (15,9):	0.1831
Courbe Coppock:	7.40

MA7:	0.018177
MA20:	0.018008
MA50:	0.019266
MA100:	0.020362
MAexp7:	0.019191
MAexp20:	0.018844
MAexp50:	0.018519
MAexp100:	0.018281
Price / MA7:	+6.62%
Price / MA20:	+7.62%
Price / MA50:	+0.59%
Price / MA100:	-4.82%
Price / MAexp7:	+0.98%
Price / MAexp20:	+2.84%
Price / MAexp50:	+4.65%
Price / MAexp100:	+6.01%

Quotes : - Real time data - Cryptocompare

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

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