STORJ - STORJ/USD - 1H - Technical analysis published on 02/01/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 0.630000 USD
My targets
0.690000 USD (+4.55%)
0.720000 USD (+9.09%)
My analysis
All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on STORJ - STORJ/USD as long as the price remains well above 0.630000 USD. The buyers' bullish objective is set at 0.690000 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.720000 USD. If there is any crossing, the next objective would be the resistance located at 0.808000 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.1
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 0.660000 USD. On the day, this instrument gained +1.54% and was traded between 0.620000 USD and 0.670000 USD over the period. The price is currently at +6.45% from its lowest and -1.49% from its highest.0.620000
0.670000
0.660000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of STORJ - STORJ/USD in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. The overall trend seems to be showing some signs of weakness, as do the tentative bullish signals given by short-term moving averages. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
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 : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.570000 | 0.610000 | 0.630000 | 0.660000 | 0.663333 | 0.690000 | 0.720000 |
| Change (%) | -13.64% | -7.58% | -4.55% | - | +0.50% | +4.55% | +9.09% |
| Change | -0.090000 | -0.050000 | -0.030000 | - | +0.003333 | +0.030000 | +0.060000 |
| Level | Minor | Major | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.563333 | 0.596667 | 0.623333 | 0.656667 | 0.683333 | 0.716667 | 0.743333 |
| Camarilla | 0.633500 | 0.639000 | 0.644500 | 0.650000 | 0.655500 | 0.661000 | 0.666500 |
| Woodie | 0.560000 | 0.595000 | 0.620000 | 0.655000 | 0.680000 | 0.715000 | 0.740000 |
| Fibonacci | 0.596667 | 0.619587 | 0.633747 | 0.656667 | 0.679587 | 0.693747 | 0.716667 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.390000 | 0.440000 | 0.540000 | 0.590000 | 0.690000 | 0.740000 | 0.840000 |
| Camarilla | 0.598750 | 0.612500 | 0.626250 | 0.640000 | 0.653750 | 0.667500 | 0.681250 |
| Woodie | 0.415000 | 0.452500 | 0.565000 | 0.602500 | 0.715000 | 0.752500 | 0.865000 |
| Fibonacci | 0.440000 | 0.497300 | 0.532700 | 0.590000 | 0.647300 | 0.682700 | 0.740000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.276667 | 0.383333 | 0.516667 | 0.623333 | 0.756667 | 0.863333 | 0.996667 |
| Camarilla | 0.584000 | 0.606000 | 0.628000 | 0.650000 | 0.672000 | 0.694000 | 0.716000 |
| Woodie | 0.290000 | 0.390000 | 0.530000 | 0.630000 | 0.770000 | 0.870000 | 1.010000 |
| Fibonacci | 0.383333 | 0.475013 | 0.531653 | 0.623333 | 0.715013 | 0.771653 | 0.863333 |
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): | 52.72 | |
| MACD (12,26,9): | -0.0044 | |
| Directional Movement: | -1.470100 | |
| AROON (14): | -57.142858 | |
| DEMA (21): | 0.646174 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.678497 | |
| Elder Ray (13): | 0.006487 | |
| Super Trend (3,10): | 0.673328 | |
| Zig ZAG (10): | 0.650000 | |
| VORTEX (21): | 1.0345 | |
| Stochastique (14,3,5): | 42.86 | |
| TEMA (21): | 0.645530 | |
| Williams %R (14): | -42.86 | |
| Chande Momentum Oscillator (20): | -0.020000 | |
| Repulse (5,40,3): | 2.8856 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0986 | |
| Courbe Coppock: | 2.70 |
| MA7: | 0.644286 | |
| MA20: | 0.598500 | |
| MA50: | 0.707600 | |
| MA100: | 0.679400 | |
| MAexp7: | 0.648304 | |
| MAexp20: | 0.652190 | |
| MAexp50: | 0.657616 | |
| MAexp100: | 0.649524 | |
| Price / MA7: | +2.44% | |
| Price / MA20: | +10.28% | |
| Price / MA50: | -6.73% | |
| Price / MA100: | -2.86% | |
| Price / MAexp7: | +1.80% | |
| Price / MAexp20: | +1.20% | |
| Price / MAexp50: | +0.36% | |
| Price / MAexp100: | +1.61% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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