STELLAR - XLM/USD - 1H - Technical analysis published on 08/19/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.094652 USD
My targets
0.087429 USD (-6.52%)
0.083826 USD (-10.37%)
My analysis
The bearish trend is currently very strong for STELLAR - XLM/USD. As long as the price remains below the resistance at 0.094652 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.087429 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.083826 USD as an objective. Crossing it would then enable sellers to target 0.070998 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
STELLAR - XLM/USD rating 0.093526 USD. On the day, this instrument gained +0.00% and was between 0.093019 USD and 0.093869 USD. This implies that the price is at +0.55% from its lowest and at -0.37% from its highest.0.093019
0.093869
0.093526
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in 1H of this STELLAR - XLM/USD chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.070998 | 0.083826 | 0.093526 | 0.093557 | 0.094652 | 0.096035 |
| Change (%) | -24.09% | -10.37% | - | +0.03% | +1.20% | +2.68% |
| Change | -0.022528 | -0.009700 | - | +0.000031 | +0.001126 | +0.002509 |
| Level | Minor | Major | - | Intermediate | Minor | Intermediate |
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 | 0.089492 | 0.091466 | 0.092497 | 0.094471 | 0.095502 | 0.097476 | 0.098507 |
| Camarilla | 0.092701 | 0.092976 | 0.093252 | 0.093527 | 0.093803 | 0.094078 | 0.094353 |
| Woodie | 0.089020 | 0.091230 | 0.092025 | 0.094235 | 0.095030 | 0.097240 | 0.098035 |
| Fibonacci | 0.091466 | 0.092614 | 0.093323 | 0.094471 | 0.095619 | 0.096328 | 0.097476 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.081719 | 0.087429 | 0.091544 | 0.097254 | 0.101369 | 0.107079 | 0.111194 |
| Camarilla | 0.092956 | 0.093857 | 0.094757 | 0.095658 | 0.096559 | 0.097459 | 0.098360 |
| Woodie | 0.080921 | 0.087030 | 0.090746 | 0.096855 | 0.100571 | 0.106680 | 0.110396 |
| Fibonacci | 0.087429 | 0.091183 | 0.093501 | 0.097254 | 0.101008 | 0.103326 | 0.107079 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.045466 | 0.061218 | 0.080864 | 0.096616 | 0.116262 | 0.132014 | 0.151660 |
| Camarilla | 0.090777 | 0.094021 | 0.097266 | 0.100511 | 0.103756 | 0.107001 | 0.110246 |
| Woodie | 0.047414 | 0.062192 | 0.082812 | 0.097590 | 0.118210 | 0.132988 | 0.153608 |
| Fibonacci | 0.061218 | 0.074740 | 0.083094 | 0.096616 | 0.110138 | 0.118492 | 0.132014 |
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): | 35.63 | |
| MACD (12,26,9): | -0.0005 | |
| Directional Movement: | -12.689189 | |
| AROON (14): | -64.285714 | |
| DEMA (21): | 0.093630 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.094691 | |
| Elder Ray (13): | -0.000389 | |
| Super Trend (3,10): | 0.094523 | |
| Zig ZAG (10): | 0.093577 | |
| VORTEX (21): | 0.8730 | |
| Stochastique (14,3,5): | 26.42 | |
| TEMA (21): | 0.093348 | |
| Williams %R (14): | -78.17 | |
| Chande Momentum Oscillator (20): | -0.000981 | |
| Repulse (5,40,3): | -0.1005 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0628 | |
| Courbe Coppock: | 3.04 |
| MA7: | 0.095588 | |
| MA20: | 0.096444 | |
| MA50: | 0.097124 | |
| MA100: | 0.099192 | |
| MAexp7: | 0.093687 | |
| MAexp20: | 0.094217 | |
| MAexp50: | 0.094832 | |
| MAexp100: | 0.095574 | |
| Price / MA7: | -2.16% | |
| Price / MA20: | -3.03% | |
| Price / MA50: | -3.70% | |
| Price / MA100: | -5.71% | |
| Price / MAexp7: | -0.16% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -1.36% | |
| Price / MAexp100: | -2.13% |
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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