STEPN - GMT/USDT - Daily - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
50%
17%
33%
My opinion
Bearish under 0.233280 USDT
My targets
0.214093 USDT (-4.15%)
0.181772 USDT (-18.62%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STEPN - GMT/USDT. As long as you are under the resistance located at 0.233280 USDT, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.214093 USDT would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.181772 USDT as an objective. Crossing it would then enable sellers to target 0.141656 USDT. If the resistance 0.233280 USDT were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
2.1
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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 rating is 0.223352 USDT. The price has increased by +3.51% since the last closing and was traded between 0.212832 USDT and 0.225965 USDT over the period. The price is currently at +4.94% from its lowest and -1.16% from its highest.0.212832
0.225965
0.223352
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
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 Daily chart of STEPN - GMT/USDT indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.141656 | 0.181772 | 0.214093 | 0.223352 | 0.233280 | 0.262143 | 0.299393 |
| Change (%) | -36.58% | -18.62% | -4.15% | - | +4.45% | +17.37% | +34.05% |
| Change | -0.081696 | -0.041580 | -0.009259 | - | +0.009928 | +0.038791 | +0.076041 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.202090 | 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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 47.18 | |
| MACD (12,26,9): | -0.0107 | |
| Directional Movement: | -3.217338 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.206102 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.232068 | |
| Elder Ray (13): | 0.002063 | |
| Super Trend (3,10): | 0.246614 | |
| Zig ZAG (10): | 0.223732 | |
| VORTEX (21): | 0.9018 | |
| Stochastique (14,3,5): | 52.11 | |
| TEMA (21): | 0.209890 | |
| Williams %R (14): | -34.96 | |
| Chande Momentum Oscillator (20): | -0.004092 | |
| Repulse (5,40,3): | 5.5687 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8191 | |
| Courbe Coppock: | 9.86 |
| MA7: | 0.212395 | |
| MA20: | 0.218489 | |
| MA50: | 0.256979 | |
| MA100: | 0.279007 | |
| MAexp7: | 0.215608 | |
| MAexp20: | 0.222246 | |
| MAexp50: | 0.246332 | |
| MAexp100: | 0.261721 | |
| Price / MA7: | +5.16% | |
| Price / MA20: | +2.23% | |
| Price / MA50: | -13.09% | |
| Price / MA100: | -19.95% | |
| Price / MAexp7: | +3.59% | |
| Price / MAexp20: | +0.50% | |
| Price / MAexp50: | -9.33% | |
| Price / MAexp100: | -14.66% |
Quotes :
-
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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