STORJ - STORJ/USD

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Type:	Cryptocurrencies
Ticker:	STORJUSD
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STORJ - STORJ/USD - Daily - Technical analysis published on 12/10/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

39%

My opinion

Bearish under 0.365738 USD

My targets

0.310000 USD (-8.82%)

0.280000 USD (-17.65%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STORJ - STORJ/USD. As long as you are under the resistance located at 0.365738 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.310000 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.280000 USD as an objective. If the resistance 0.365738 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

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

0.9

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

STORJ - STORJ/USD rating 0.340000 USD. The price registered an increase of +6.25% on the session and was traded between 0.310000 USD and 0.350000 USD over the period. The price is currently at +9.68% from its lowest and -2.86% from its highest.

0.310000

0.350000

0.340000

A study of price movements over other periods shows the following variations:

Technical

A technical analysis in Daily of this STORJ - STORJ/USD chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

RSI indicator is back over 50

Type : Bullish

Timeframe : Daily

Ichimoku - Bearish crossover : Tenkan & Kijun

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.280000	0.340000	0.365738	0.472000	0.604211
Change (%)	-17.65%	-	+7.57%	+38.82%	+77.71%
Change	-0.060000	-	+0.025738	+0.132000	+0.264211
Level	Intermediate	-	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	0.286667	0.293333	0.306667	0.313333	0.326667	0.333333	0.346667
Camarilla	0.314500	0.316333	0.318167	0.320000	0.321833	0.323667	0.325500
Woodie	0.290000	0.295000	0.310000	0.315000	0.330000	0.335000	0.350000
Fibonacci	0.293333	0.300973	0.305693	0.313333	0.320973	0.325693	0.333333

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.270000	0.290000	0.310000	0.330000	0.350000	0.370000	0.390000
Camarilla	0.319000	0.322667	0.326333	0.330000	0.333667	0.337333	0.341000
Woodie	0.270000	0.290000	0.310000	0.330000	0.350000	0.370000	0.390000
Fibonacci	0.290000	0.305280	0.314720	0.330000	0.345280	0.354720	0.370000

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.030000	0.120000	0.230000	0.380000	0.490000	0.640000	0.750000
Camarilla	0.268500	0.292333	0.316167	0.340000	0.363833	0.387667	0.411500
Woodie	-0.050000	0.110000	0.210000	0.370000	0.470000	0.630000	0.730000
Fibonacci	0.120000	0.219320	0.280680	0.380000	0.479320	0.540680	0.640000

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):	48.03
MACD (12,26,9):	-0.0090
Directional Movement:	7.284915
AROON (14):	-85.714286
DEMA (21):	0.315848
Parabolic SAR (0,02-0,02-0,2):	0.280550
Elder Ray (13):	0.003184
Super Trend (3,10):	0.375905
Zig ZAG (10):	0.340000
VORTEX (21):	1.0196
Stochastique (14,3,5):	48.33
TEMA (21):	0.325904
Williams %R (14):	-20.00
Chande Momentum Oscillator (20):	0.020000
Repulse (5,40,3):	10.3717
ROCnROLL:	-1
TRIX (15,9):	-0.4567
Courbe Coppock:	5.07

MA7:	0.324286
MA20:	0.330500
MA50:	0.362800
MA100:	0.417200
MAexp7:	0.326801
MAexp20:	0.329902
MAexp50:	0.360467
MAexp100:	0.421938
Price / MA7:	+4.85%
Price / MA20:	+2.87%
Price / MA50:	-6.28%
Price / MA100:	-18.50%
Price / MAexp7:	+4.04%
Price / MAexp20:	+3.06%
Price / MAexp50:	-5.68%
Price / MAexp100:	-19.42%

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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Londinia AI

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