STORJ - STORJ/USD - 1H - Technical analysis published on 03/28/2024 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
94%
0%
6%
My opinion
Bullish above 0.810000 USD
My targets
0.850000 USD (+1.19%)
0.910000 USD (+8.33%)
My analysis
STORJ - STORJ/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.810000 USD. The next resistance located at 0.850000 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.910000 USD. After this resistance, buyers could then target 1.060000 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
9.1
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STORJ - STORJ/USD rating is 0.840000 USD. On the day, this instrument gained +9.09% and was traded between 0.770000 USD and 0.850000 USD over the period. The price is currently at +9.09% from its lowest and -1.18% from its highest.0.770000
0.850000
0.840000
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this STORJ - STORJ/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Moving Average bullish crossovers : MA20 & MA50
Type : Bullish
Timeframe : 1 hour
Technical indicators are strongly bullish, suggesting that the price increase should continue.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact 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 | 0.770000 | 0.790000 | 0.810000 | 0.840000 | 0.910000 | 1.060000 | 1.450000 |
| Change (%) | -8.33% | -5.95% | -3.57% | - | +8.33% | +26.19% | +72.62% |
| Change | -0.070000 | -0.050000 | -0.030000 | - | +0.070000 | +0.220000 | +0.610000 |
| Level | Intermediate | Minor | Intermediate | - | Minor | Major | 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 | 0.690000 | 0.730000 | 0.750000 | 0.790000 | 0.810000 | 0.850000 | 0.870000 |
| Camarilla | 0.753500 | 0.759000 | 0.764500 | 0.770000 | 0.775500 | 0.781000 | 0.786500 |
| Woodie | 0.680000 | 0.725000 | 0.740000 | 0.785000 | 0.800000 | 0.845000 | 0.860000 |
| Fibonacci | 0.730000 | 0.752920 | 0.767080 | 0.790000 | 0.812920 | 0.827080 | 0.850000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.466667 | 0.533333 | 0.616667 | 0.683333 | 0.766667 | 0.833333 | 0.916667 |
| Camarilla | 0.658750 | 0.672500 | 0.686250 | 0.700000 | 0.713750 | 0.727500 | 0.741250 |
| Woodie | 0.475000 | 0.537500 | 0.625000 | 0.687500 | 0.775000 | 0.837500 | 0.925000 |
| Fibonacci | 0.533333 | 0.590633 | 0.626033 | 0.683333 | 0.740633 | 0.776033 | 0.833333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.430000 | 0.520000 | 0.640000 | 0.730000 | 0.850000 | 0.940000 | 1.060000 |
| Camarilla | 0.702250 | 0.721500 | 0.740750 | 0.760000 | 0.779250 | 0.798500 | 0.817750 |
| Woodie | 0.445000 | 0.527500 | 0.655000 | 0.737500 | 0.865000 | 0.947500 | 1.075000 |
| Fibonacci | 0.520000 | 0.600220 | 0.649780 | 0.730000 | 0.810220 | 0.859780 | 0.940000 |
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): | 71.33 | |
| MACD (12,26,9): | 0.0142 | |
| Directional Movement: | 26.325727 | |
| AROON (14): | 92.857143 | |
| DEMA (21): | 0.826023 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.785826 | |
| Elder Ray (13): | 0.030725 | |
| Super Trend (3,10): | 0.805605 | |
| Zig ZAG (10): | 0.850000 | |
| VORTEX (21): | 1.2667 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 0.838381 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.080000 | |
| Repulse (5,40,3): | 3.5912 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1166 | |
| Courbe Coppock: | 13.54 |
| MA7: | 0.757143 | |
| MA20: | 0.777500 | |
| MA50: | 0.750600 | |
| MA100: | 0.708500 | |
| MAexp7: | 0.829708 | |
| MAexp20: | 0.810919 | |
| MAexp50: | 0.796649 | |
| MAexp100: | 0.777791 | |
| Price / MA7: | +10.94% | |
| Price / MA20: | +8.04% | |
| Price / MA50: | +11.91% | |
| Price / MA100: | +18.56% | |
| Price / MAexp7: | +1.24% | |
| Price / MAexp20: | +3.59% | |
| Price / MAexp50: | +5.44% | |
| Price / MAexp100: | +8.00% |
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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