STORJ - STORJ/USD - 1H - Technical analysis published on 04/07/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
44%
11%
44%
My opinion
Bullish above 0.410000 USD
My targets
0.430000 USD (+2.38%)
0.450000 USD (+7.14%)
My analysis
The basic bullish trend is very strong on STORJ - STORJ/USD 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 0.410000 USD. Crossing the first resistance at 0.430000 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.450000 USD as an objective. Crossing it would then enable buyers to target 0.482000 USD. Caution, a return to below 0.410000 USD 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.
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
0
10
6.4
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This analysis was given by Henry07. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STORJ - STORJ/USD rating 0.420000 USD. The price registered an increase of +5.00% on the session and was traded between 0.400000 USD and 0.440000 USD over the period. The price is currently at +5.00% from its lowest and -4.55% from its highest.0.400000
0.440000
0.420000
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of STORJ - STORJ/USD indicates that the overall trend is strongly bullish. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, only 8 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | R1 | Price | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.390000 | 0.400000 | 0.410000 | 0.420000 | 0.420000 | 0.430000 | 0.450000 |
| Change (%) | -7.14% | -4.76% | -2.38% | 0% | - | +2.38% | +7.14% |
| Change | -0.030000 | -0.020000 | -0.010000 | 0 | - | +0.010000 | +0.030000 |
| Level | Intermediate | Minor | Intermediate | Major | - | Minor | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.356667 | 0.373333 | 0.386667 | 0.403333 | 0.416667 | 0.433333 | 0.446667 |
| Camarilla | 0.391750 | 0.394500 | 0.397250 | 0.400000 | 0.402750 | 0.405500 | 0.408250 |
| Woodie | 0.355000 | 0.372500 | 0.385000 | 0.402500 | 0.415000 | 0.432500 | 0.445000 |
| Fibonacci | 0.373333 | 0.384793 | 0.391873 | 0.403333 | 0.414793 | 0.421873 | 0.433333 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.240000 | 0.280000 | 0.340000 | 0.380000 | 0.440000 | 0.480000 | 0.540000 |
| Camarilla | 0.372500 | 0.381667 | 0.390833 | 0.400000 | 0.409167 | 0.418333 | 0.427500 |
| Woodie | 0.250000 | 0.285000 | 0.350000 | 0.385000 | 0.450000 | 0.485000 | 0.550000 |
| Fibonacci | 0.280000 | 0.318200 | 0.341800 | 0.380000 | 0.418200 | 0.441800 | 0.480000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.136667 | 0.213333 | 0.296667 | 0.373333 | 0.456667 | 0.533333 | 0.616667 |
| Camarilla | 0.336000 | 0.350667 | 0.365333 | 0.380000 | 0.394667 | 0.409333 | 0.424000 |
| Woodie | 0.140000 | 0.215000 | 0.300000 | 0.375000 | 0.460000 | 0.535000 | 0.620000 |
| Fibonacci | 0.213333 | 0.274453 | 0.312213 | 0.373333 | 0.434453 | 0.472213 | 0.533333 |
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): | 47.61 | |
| MACD (12,26,9): | 0.0031 | |
| Directional Movement: | 2.115307 | |
| AROON (14): | 71.428571 | |
| DEMA (21): | 0.418080 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.393882 | |
| Elder Ray (13): | -0.002259 | |
| Super Trend (3,10): | 0.377579 | |
| Zig ZAG (10): | 0.410000 | |
| VORTEX (21): | 1.0278 | |
| Stochastique (14,3,5): | 41.67 | |
| TEMA (21): | 0.417327 | |
| Williams %R (14): | -50.00 | |
| Chande Momentum Oscillator (20): | 0.010000 | |
| Repulse (5,40,3): | 2.3748 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0972 | |
| Courbe Coppock: | 1.95 |
| MA7: | 0.394286 | |
| MA20: | 0.377500 | |
| MA50: | 0.387400 | |
| MA100: | 0.365300 | |
| MAexp7: | 0.416347 | |
| MAexp20: | 0.414745 | |
| MAexp50: | 0.408761 | |
| MAexp100: | 0.400412 | |
| Price / MA7: | +6.52% | |
| Price / MA20: | +11.26% | |
| Price / MA50: | +8.42% | |
| Price / MA100: | +14.97% | |
| Price / MAexp7: | +0.88% | |
| Price / MAexp20: | +1.27% | |
| Price / MAexp50: | +2.75% | |
| Price / MAexp100: | +4.89% |
Quotes :
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Real time data
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