STORJ - STORJ/USDT - 1H - Technical analysis published on 05/08/2024 (GMT)
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- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 0.541441 USDT
My targets
0.514220 USDT (-1.98%)
0.487527 USDT (-7.07%)
My analysis
The bearish trend is currently very strong for STORJ - STORJ/USDT. As long as the price remains below the resistance at 0.541441 USDT, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.514220 USDT. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.487527 USDT as an objective. Crossing it would then enable sellers to target 0.466791 USDT. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
5
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STORJ - STORJ/USDT rating is 0.524602 USDT. The price registered a decrease of -0.72% on the session with the lowest point at 0.516932 USDT and the highest point at 0.529997 USDT. The deviation from the price is +1.48% for the low point and -1.02% for the high point.0.516932
0.529997
0.524602
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this STORJ - STORJ/USDT chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
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 scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.466791 | 0.487527 | 0.514220 | 0.524602 | 0.526885 | 0.541441 | 0.558953 |
| Change (%) | -11.02% | -7.07% | -1.98% | - | +0.44% | +3.21% | +6.55% |
| Change | -0.057811 | -0.037075 | -0.010382 | - | +0.002283 | +0.016839 | +0.034351 |
| Level | Minor | Minor | Major | - | 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 | 0.490137 | 0.508533 | 0.518464 | 0.536860 | 0.546791 | 0.565187 | 0.575118 |
| Camarilla | 0.520606 | 0.523203 | 0.525799 | 0.528396 | 0.530993 | 0.533589 | 0.536186 |
| Woodie | 0.485906 | 0.506417 | 0.514233 | 0.534744 | 0.542560 | 0.563071 | 0.570887 |
| Fibonacci | 0.508533 | 0.519354 | 0.526039 | 0.536860 | 0.547681 | 0.554366 | 0.565187 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.379112 | 0.422952 | 0.480988 | 0.524828 | 0.582864 | 0.626704 | 0.684740 |
| Camarilla | 0.511009 | 0.520348 | 0.529686 | 0.539025 | 0.548364 | 0.557702 | 0.567041 |
| Woodie | 0.386211 | 0.426501 | 0.488087 | 0.528377 | 0.589963 | 0.630253 | 0.691839 |
| Fibonacci | 0.422952 | 0.461868 | 0.485911 | 0.524828 | 0.563744 | 0.587787 | 0.626704 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.021051 | 0.205631 | 0.354464 | 0.581146 | 0.729979 | 0.956661 | 1.105494 |
| Camarilla | 0.400031 | 0.434454 | 0.468876 | 0.503298 | 0.537720 | 0.572142 | 0.606565 |
| Woodie | -0.059975 | 0.186169 | 0.315541 | 0.561684 | 0.691056 | 0.937199 | 1.066571 |
| Fibonacci | 0.205631 | 0.349077 | 0.437699 | 0.581146 | 0.724592 | 0.813214 | 0.956661 |
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): | 45.21 | |
| MACD (12,26,9): | -0.0039 | |
| Directional Movement: | -13.045535 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.523191 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.517793 | |
| Elder Ray (13): | -0.001902 | |
| Super Trend (3,10): | 0.539460 | |
| Zig ZAG (10): | 0.526598 | |
| VORTEX (21): | 0.7843 | |
| Stochastique (14,3,5): | 48.46 | |
| TEMA (21): | 0.521616 | |
| Williams %R (14): | -28.18 | |
| Chande Momentum Oscillator (20): | 0.002937 | |
| Repulse (5,40,3): | 0.8300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1175 | |
| Courbe Coppock: | 3.99 |
| MA7: | 0.533596 | |
| MA20: | 0.542802 | |
| MA50: | 0.628749 | |
| MA100: | 0.680260 | |
| MAexp7: | 0.524918 | |
| MAexp20: | 0.528359 | |
| MAexp50: | 0.533509 | |
| MAexp100: | 0.535119 | |
| Price / MA7: | -1.69% | |
| Price / MA20: | -3.35% | |
| Price / MA50: | -16.56% | |
| Price / MA100: | -22.88% | |
| Price / MAexp7: | -0.06% | |
| Price / MAexp20: | -0.71% | |
| Price / MAexp50: | -1.67% | |
| Price / MAexp100: | -1.97% |
Quotes :
-
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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