STELLAR - XLM/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	XLMUSD
ISIN:

STELLAR - XLM/USD - 1H - Technical analysis published on 12/09/2024 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 0.416790 USD

My targets

0.375571 USD (-9.64%)

0.295497 USD (-28.91%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STELLAR - XLM/USD as long as the price remains well below 0.416790 USD. The sellers' bearish objective is set at 0.375571 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.295497 USD. In case of crossing, the next objective would be the support located at 0.236800 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by jarias81197. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The STELLAR - XLM/USD rating is 0.415640 USD. The price is lower by -15.75% since the last closing and was between 0.366646 USD and 0.493463 USD. This implies that the price is at +13.36% from its lowest and at -15.77% from its highest.

0.366646

0.493463

0.415640

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:

The study of the highest / lowest by the Central Records scanner shows the following result:

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 1H chart of STELLAR - XLM/USD indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.133712	0.163261	0.236800	0.415640	0.439113	0.455646	0.466863
Change (%)	-67.83%	-60.72%	-43.03%	-	+5.65%	+9.63%	+12.32%
Change	-0.281928	-0.252379	-0.178840	-	+0.023473	+0.040006	+0.051223
Level	Minor	Major	Minor	-	Minor	Minor	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	0.448986	0.462301	0.477828	0.491143	0.506670	0.519985	0.535512
Camarilla	0.485425	0.488068	0.490712	0.493356	0.496000	0.498644	0.501288
Woodie	0.450093	0.462854	0.478935	0.491696	0.507777	0.520538	0.536619
Fibonacci	0.462301	0.473318	0.480125	0.491143	0.502160	0.508967	0.519985

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.295497	0.375571	0.439987	0.520061	0.584477	0.664551	0.728967
Camarilla	0.464667	0.477912	0.491157	0.504402	0.517647	0.530892	0.544137
Woodie	0.287667	0.371657	0.432157	0.516147	0.576647	0.660637	0.721137
Fibonacci	0.375571	0.430767	0.464866	0.520061	0.575257	0.609356	0.664551

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.350620	-0.130634	0.196804	0.416790	0.744228	0.964214	1.291652
Camarilla	0.373699	0.423880	0.474061	0.524241	0.574422	0.624602	0.674783
Woodie	-0.296895	-0.103771	0.250529	0.443653	0.797953	0.991077	1.345377
Fibonacci	-0.130634	0.078482	0.207674	0.416790	0.625906	0.755098	0.964214

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):	20.07
MACD (12,26,9):	-0.0176
Directional Movement:	-41.622859
AROON (14):	-42.857143
DEMA (21):	0.425268
Parabolic SAR (0,02-0,02-0,2):	0.458383
Elder Ray (13):	-0.033160
Super Trend (3,10):	0.440464
Zig ZAG (10):	0.408319
VORTEX (21):	0.7401
Stochastique (14,3,5):	38.69
TEMA (21):	0.415670
Williams %R (14):	-56.27
Chande Momentum Oscillator (20):	-0.039290
Repulse (5,40,3):	3.4792
ROCnROLL:	2
TRIX (15,9):	-0.3542
Courbe Coppock:	15.74

MA7:	0.482114
MA20:	0.467417
MA50:	0.257828
MA100:	0.175869
MAexp7:	0.424356
MAexp20:	0.445022
MAexp50:	0.464488
MAexp100:	0.476815
Price / MA7:	-13.79%
Price / MA20:	-11.08%
Price / MA50:	+61.21%
Price / MA100:	+136.33%
Price / MAexp7:	-2.05%
Price / MAexp20:	-6.60%
Price / MAexp50:	-10.52%
Price / MAexp100:	-12.83%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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