STEEM - STEEM/USDT - 1H - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 0.131800 USDT
My targets
0.140000 USDT (+4.71%)
0.148547 USDT (+11.10%)
My analysis
The basic bullish trend is very strong on STEEM - STEEM/USDT but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.131800 USDT. Crossing the first resistance at 0.140000 USDT would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.148547 USDT as an objective. Crossing it would then enable buyers to target 0.159900 USDT. Caution, a return to below 0.131800 USDT would be a sign of a consolidation phase in the short-term basic trend. 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 confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STEEM - STEEM/USDT rating 0.133700 USDT. The price registered an increase of +3.40% on the session and was between 0.126700 USDT and 0.135600 USDT. This implies that the price is at +5.52% from its lowest and at -1.40% from its highest.0.126700
0.135600
0.133700
Here is a more detailed summary of the historical variations registered by STEEM - STEEM/USDT:
Technical
Technical analysis of this 1H chart of STEEM - STEEM/USDT indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.113200 | 0.124450 | 0.131800 | 0.133700 | 0.140000 | 0.148547 | 0.159900 |
| Change (%) | -15.33% | -6.92% | -1.42% | - | +4.71% | +11.10% | +19.60% |
| Change | -0.020500 | -0.009250 | -0.001900 | - | +0.006300 | +0.014847 | +0.026200 |
| Level | Minor | Major | Minor | - | Minor | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.072833 | 0.096367 | 0.112833 | 0.136367 | 0.152833 | 0.176367 | 0.192833 |
| Camarilla | 0.118300 | 0.121967 | 0.125633 | 0.129300 | 0.132967 | 0.136633 | 0.140300 |
| Woodie | 0.069300 | 0.094600 | 0.109300 | 0.134600 | 0.149300 | 0.174600 | 0.189300 |
| Fibonacci | 0.096367 | 0.111647 | 0.121087 | 0.136367 | 0.151647 | 0.161087 | 0.176367 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045600 | 0.074500 | 0.097700 | 0.126600 | 0.149800 | 0.178700 | 0.201900 |
| Camarilla | 0.106573 | 0.111348 | 0.116124 | 0.120900 | 0.125676 | 0.130452 | 0.135228 |
| Woodie | 0.042750 | 0.073075 | 0.094850 | 0.125175 | 0.146950 | 0.177275 | 0.199050 |
| Fibonacci | 0.074500 | 0.094402 | 0.106698 | 0.126600 | 0.146502 | 0.158798 | 0.178700 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.064000 | 0.093100 | 0.120600 | 0.149700 | 0.177200 | 0.206300 | 0.233800 |
| Camarilla | 0.132535 | 0.137723 | 0.142912 | 0.148100 | 0.153288 | 0.158477 | 0.163665 |
| Woodie | 0.063200 | 0.092700 | 0.119800 | 0.149300 | 0.176400 | 0.205900 | 0.233000 |
| Fibonacci | 0.093100 | 0.114721 | 0.128079 | 0.149700 | 0.171321 | 0.184679 | 0.206300 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.59 | |
| MACD (12,26,9): | 0.0010 | |
| Directional Movement: | 19.680099 | |
| AROON (14): | -28.571428 | |
| DEMA (21): | 0.132104 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.136146 | |
| Elder Ray (13): | 0.000700 | |
| Super Trend (3,10): | 0.139057 | |
| Zig ZAG (10): | 0.131700 | |
| VORTEX (21): | 1.0029 | |
| Stochastique (14,3,5): | 69.29 | |
| TEMA (21): | 0.131257 | |
| Williams %R (14): | -40.45 | |
| Chande Momentum Oscillator (20): | 0.000700 | |
| Repulse (5,40,3): | 0.8090 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1230 | |
| Courbe Coppock: | 0.44 |
| MA7: | 0.120586 | |
| MA20: | 0.133695 | |
| MA50: | 0.137942 | |
| MA100: | 0.147759 | |
| MAexp7: | 0.131435 | |
| MAexp20: | 0.130518 | |
| MAexp50: | 0.127361 | |
| MAexp100: | 0.124311 | |
| Price / MA7: | +10.88% | |
| Price / MA20: | +0.00% | |
| Price / MA50: | -3.08% | |
| Price / MA100: | -9.51% | |
| Price / MAexp7: | +1.72% | |
| Price / MAexp20: | +2.44% | |
| Price / MAexp50: | +4.98% | |
| Price / MAexp100: | +7.55% |
This member declared not having a position on this financial instrument or a related financial instrument.
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