STACKS - STX/USDT - 1H - Technical analysis published on 02/24/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.717000 USDT
My targets
0.766300 USDT (+3.54%)
0.868500 USDT (+17.35%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STACKS - STX/USDT as long as the price remains well above 0.717000 USDT. The buyers' bullish objective is set at 0.766300 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.868500 USDT. If there is any crossing, the next objective would be the resistance located at 1.133000 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
7
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This analysis was given by finacian. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STACKS - STX/USDT price is 0.740100 USDT. On the day, this instrument gained +13.77% and was traded between 0.633800 USDT and 0.868500 USDT over the period. The price is currently at +16.77% from its lowest and -14.78% from its highest.0.633800
0.868500
0.740100
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 this 1H chart of STACKS - STX/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, only 8 technical indicators out of 18 studied are currently bullish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.587100 | 0.633800 | 0.717000 | 0.740100 | 0.766300 | 0.868500 | 1.133000 |
| Change (%) | -20.67% | -14.36% | -3.12% | - | +3.54% | +17.35% | +53.09% |
| Change | -0.153000 | -0.106300 | -0.023100 | - | +0.026200 | +0.128400 | +0.392900 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.390267 | 0.488633 | 0.569567 | 0.667933 | 0.748867 | 0.847233 | 0.928167 |
| Camarilla | 0.601193 | 0.617628 | 0.634064 | 0.650500 | 0.666936 | 0.683372 | 0.699808 |
| Woodie | 0.381550 | 0.484275 | 0.560850 | 0.663575 | 0.740150 | 0.842875 | 0.919450 |
| Fibonacci | 0.488633 | 0.557126 | 0.599441 | 0.667933 | 0.736426 | 0.778741 | 0.847233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.198567 | 0.241333 | 0.311067 | 0.353833 | 0.423567 | 0.466333 | 0.536067 |
| Camarilla | 0.349863 | 0.360175 | 0.370488 | 0.380800 | 0.391113 | 0.401425 | 0.411738 |
| Woodie | 0.212050 | 0.248075 | 0.324550 | 0.360575 | 0.437050 | 0.473075 | 0.549550 |
| Fibonacci | 0.241333 | 0.284308 | 0.310858 | 0.353833 | 0.396808 | 0.423358 | 0.466333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.129800 | 0.170500 | 0.223200 | 0.263900 | 0.316600 | 0.357300 | 0.410000 |
| Camarilla | 0.250215 | 0.258777 | 0.267338 | 0.275900 | 0.284462 | 0.293023 | 0.301585 |
| Woodie | 0.135800 | 0.173500 | 0.229200 | 0.266900 | 0.322600 | 0.360300 | 0.416000 |
| Fibonacci | 0.170500 | 0.206179 | 0.228221 | 0.263900 | 0.299579 | 0.321621 | 0.357300 |
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): | 56.29 | |
| MACD (12,26,9): | 0.0195 | |
| Directional Movement: | 15.685859 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.743864 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.855966 | |
| Elder Ray (13): | 0.005404 | |
| Super Trend (3,10): | 0.662383 | |
| Zig ZAG (10): | 0.740100 | |
| VORTEX (21): | 1.0737 | |
| Stochastique (14,3,5): | 39.53 | |
| TEMA (21): | 0.746164 | |
| Williams %R (14): | -55.70 | |
| Chande Momentum Oscillator (20): | 0.054300 | |
| Repulse (5,40,3): | 1.9647 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4645 | |
| Courbe Coppock: | 20.19 |
| MA7: | 0.526914 | |
| MA20: | 0.380675 | |
| MA50: | 0.309060 | |
| MA100: | 0.274698 | |
| MAexp7: | 0.732186 | |
| MAexp20: | 0.717182 | |
| MAexp50: | 0.675500 | |
| MAexp100: | 0.605448 | |
| Price / MA7: | +40.46% | |
| Price / MA20: | +94.42% | |
| Price / MA50: | +139.47% | |
| Price / MA100: | +169.42% | |
| Price / MAexp7: | +1.08% | |
| Price / MAexp20: | +3.20% | |
| Price / MAexp50: | +9.56% | |
| Price / MAexp100: | +22.24% |
Quotes :
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Real time data
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Cryptocompare
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