STEPN - GMT/USDT - 1H - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.214093 USDT
My targets
0.222472 USDT (+1.02%)
0.229715 USDT (+4.31%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on STEPN - GMT/USDT as long as the price remains well above 0.214093 USDT. The buyers' bullish objective is set at 0.222472 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.229715 USDT. If there is any crossing, the next objective would be the resistance located at 0.233280 USDT. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.9
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STEPN - GMT/USDT price is 0.220219 USDT. The price registered an increase of +2.05% on the session and was traded between 0.212832 USDT and 0.222217 USDT over the period. The price is currently at +3.47% from its lowest and -0.90% from its highest.0.212832
0.222217
0.220219
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of STEPN - GMT/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.211057 | 0.214093 | 0.219143 | 0.220219 | 0.222472 | 0.229715 | 0.233280 |
| Change (%) | -4.16% | -2.78% | -0.49% | - | +1.02% | +4.31% | +5.93% |
| Change | -0.009162 | -0.006126 | -0.001076 | - | +0.002253 | +0.009496 | +0.013061 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.202090 | 0.207503 | 0.211646 | 0.217059 | 0.221202 | 0.226615 | 0.230758 |
| Camarilla | 0.213161 | 0.214037 | 0.214913 | 0.215789 | 0.216665 | 0.217541 | 0.218417 |
| Woodie | 0.201455 | 0.207186 | 0.211011 | 0.216742 | 0.220567 | 0.226298 | 0.230123 |
| Fibonacci | 0.207503 | 0.211153 | 0.213409 | 0.217059 | 0.220709 | 0.222965 | 0.226615 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.176760 | 0.193783 | 0.202785 | 0.219808 | 0.228810 | 0.245833 | 0.254835 |
| Camarilla | 0.204631 | 0.207017 | 0.209402 | 0.211788 | 0.214174 | 0.216559 | 0.218945 |
| Woodie | 0.172751 | 0.191778 | 0.198776 | 0.217803 | 0.224801 | 0.243828 | 0.250826 |
| Fibonacci | 0.193783 | 0.203724 | 0.209866 | 0.219808 | 0.229749 | 0.235891 | 0.245833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.021658 | 0.093033 | 0.153563 | 0.268254 | 0.328784 | 0.443475 | 0.504005 |
| Camarilla | 0.165907 | 0.181969 | 0.198031 | 0.214093 | 0.230155 | 0.246217 | 0.262279 |
| Woodie | -0.048739 | 0.079493 | 0.126483 | 0.254714 | 0.301704 | 0.429935 | 0.476925 |
| Fibonacci | 0.093033 | 0.159967 | 0.201320 | 0.268254 | 0.335188 | 0.376541 | 0.443475 |
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): | 57.89 | |
| MACD (12,26,9): | 0.0011 | |
| Directional Movement: | 2.261985 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.219720 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.217077 | |
| Elder Ray (13): | 0.000662 | |
| Super Trend (3,10): | 0.214252 | |
| Zig ZAG (10): | 0.220368 | |
| VORTEX (21): | 1.0685 | |
| Stochastique (14,3,5): | 76.41 | |
| TEMA (21): | 0.219947 | |
| Williams %R (14): | -18.65 | |
| Chande Momentum Oscillator (20): | 0.005648 | |
| Repulse (5,40,3): | 0.6872 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0485 | |
| Courbe Coppock: | 4.14 |
| MA7: | 0.211956 | |
| MA20: | 0.218309 | |
| MA50: | 0.256907 | |
| MA100: | 0.278971 | |
| MAexp7: | 0.219642 | |
| MAexp20: | 0.218287 | |
| MAexp50: | 0.216228 | |
| MAexp100: | 0.214323 | |
| Price / MA7: | +3.90% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | -14.28% | |
| Price / MA100: | -21.06% | |
| Price / MAexp7: | +0.26% | |
| Price / MAexp20: | +0.89% | |
| Price / MAexp50: | +1.85% | |
| Price / MAexp100: | +2.75% |
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.
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