STORJ - STORJ/USD

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Type:	Cryptocurrencies
Ticker:	STORJUSD
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STORJ - STORJ/USD - Daily - Technical analysis published on 05/21/2023 (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

44%

17%

39%

My opinion

Bearish under 0.350000 USD

My targets

0.300000 USD (-6.25%)

0.280000 USD (-12.50%)

My analysis

Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.350000 USD remains possible. It is advisable to trade STORJ - STORJ/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.350000 USD. The next bearish objective for sellers is set at 0.300000 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.280000 USD. In case of crossing, the next objective would be the support located at 0.240000 USD. PS: if there is a bullish break in the resistance located at 0.350000 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.

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

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 0.320000 USD. The price has increased by +6.67% since the last closing and was between 0.300000 USD and 0.320000 USD. This implies that the price is at +6.67% from its lowest and at 0% from its highest.

0.300000

0.320000

Here is a more detailed summary of the historical variations registered by STORJ - STORJ/USD:

Technical

Technical analysis of STORJ - STORJ/USD in Daily shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.240000	0.280000	0.300000	0.320000	0.350000	0.380000	0.430000
Change (%)	-25.00%	-12.50%	-6.25%	-	+9.38%	+18.75%	+34.38%
Change	-0.080000	-0.040000	-0.020000	-	+0.030000	+0.060000	+0.110000
Level	Intermediate	Intermediate	Major	-	Major	Minor	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.273333	0.286667	0.293333	0.306667	0.313333	0.326667	0.333333
Camarilla	0.294500	0.296333	0.298167	0.300000	0.301833	0.303667	0.305500
Woodie	0.270000	0.285000	0.290000	0.305000	0.310000	0.325000	0.330000
Fibonacci	0.286667	0.294307	0.299027	0.306667	0.314307	0.319027	0.326667

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.256667	0.273333	0.286667	0.303333	0.316667	0.333333	0.346667
Camarilla	0.291750	0.294500	0.297250	0.300000	0.302750	0.305500	0.308250
Woodie	0.255000	0.272500	0.285000	0.302500	0.315000	0.332500	0.345000
Fibonacci	0.273333	0.284793	0.291873	0.303333	0.314793	0.321873	0.333333

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.213333	0.276667	0.313333	0.376667	0.413333	0.476667	0.513333
Camarilla	0.322500	0.331667	0.340833	0.350000	0.359167	0.368333	0.377500
Woodie	0.200000	0.270000	0.300000	0.370000	0.400000	0.470000	0.500000
Fibonacci	0.276667	0.314867	0.338467	0.376667	0.414867	0.438467	0.476667

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):	42.40
MACD (12,26,9):	-0.0133
Directional Movement:	-12.453056
AROON (14):	-35.714286
DEMA (21):	0.299767
Parabolic SAR (0,02-0,02-0,2):	0.283105
Elder Ray (13):	-0.001794
Super Trend (3,10):	0.361660
Zig ZAG (10):	0.310000
VORTEX (21):	0.8810
Stochastique (14,3,5):	45.40
TEMA (21):	0.298449
Williams %R (14):	-40.00
Chande Momentum Oscillator (20):	0.000000
Repulse (5,40,3):	-1.1535
ROCnROLL:	2
TRIX (15,9):	-0.6601
Courbe Coppock:	15.40

MA7:	0.307143
MA20:	0.316500
MA50:	0.355600
MA100:	0.371500
MAexp7:	0.305501
MAexp20:	0.318466
MAexp50:	0.341037
MAexp100:	0.355715
Price / MA7:	+4.19%
Price / MA20:	+1.11%
Price / MA50:	-10.01%
Price / MA100:	-13.86%
Price / MAexp7:	+4.75%
Price / MAexp20:	+0.48%
Price / MAexp50:	-6.17%
Price / MAexp100:	-10.04%

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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