STELLAR - XLM/USD - 1H - Technical analysis published on 12/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 0.379848 USD
My targets
0.312296 USD (-11.92%)
0.288259 USD (-18.70%)
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 0.379848 USD. The sellers' bearish objective is set at 0.312296 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.288259 USD. In case of crossing, the next objective would be the support located at 0.163220 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.2
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STELLAR - XLM/USD price is 0.354547 USD. On the day, this instrument lost -0.36% and was between 0.342858 USD and 0.357980 USD. This implies that the price is at +3.41% from its lowest and at -0.96% from its highest.0.342858
0.357980
0.354547
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of STELLAR - XLM/USD in 1H shows a overall strongly bearish trend. 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.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.163220 | 0.312296 | 0.353347 | 0.354547 | 0.383711 | 0.411634 | 0.434824 |
| Change (%) | -53.96% | -11.92% | -0.34% | - | +8.23% | +16.10% | +22.64% |
| Change | -0.191327 | -0.042251 | -0.001200 | - | +0.029164 | +0.057087 | +0.080277 |
| Level | Major | Intermediate | Minor | - | Minor | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.302503 | 0.326727 | 0.341269 | 0.365493 | 0.380035 | 0.404259 | 0.418801 |
| Camarilla | 0.345150 | 0.348704 | 0.352258 | 0.355811 | 0.359365 | 0.362918 | 0.366472 |
| Woodie | 0.297662 | 0.324307 | 0.336428 | 0.363073 | 0.375194 | 0.401839 | 0.413960 |
| Fibonacci | 0.326727 | 0.341536 | 0.350684 | 0.365493 | 0.380302 | 0.389450 | 0.404259 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.129118 | 0.220707 | 0.288259 | 0.379848 | 0.447400 | 0.538989 | 0.606541 |
| Camarilla | 0.312047 | 0.326635 | 0.341223 | 0.355811 | 0.370399 | 0.384987 | 0.399575 |
| Woodie | 0.117100 | 0.214698 | 0.276241 | 0.373839 | 0.435382 | 0.532980 | 0.594523 |
| Fibonacci | 0.220707 | 0.281499 | 0.319056 | 0.379848 | 0.440640 | 0.478197 | 0.538989 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.25 | |
| MACD (12,26,9): | -0.0042 | |
| Directional Movement: | -9.961071 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.351600 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.342858 | |
| Elder Ray (13): | 0.000415 | |
| Super Trend (3,10): | 0.369853 | |
| Zig ZAG (10): | 0.356091 | |
| VORTEX (21): | 0.8745 | |
| Stochastique (14,3,5): | 54.70 | |
| TEMA (21): | 0.350304 | |
| Williams %R (14): | -32.15 | |
| Chande Momentum Oscillator (20): | -0.000375 | |
| Repulse (5,40,3): | 1.3536 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1643 | |
| Courbe Coppock: | 4.62 |
| MA7: | 0.385503 | |
| MA20: | 0.433127 | |
| MA50: | 0.339233 | |
| MA100: | 0.216924 | |
| MAexp7: | 0.353010 | |
| MAexp20: | 0.356899 | |
| MAexp50: | 0.364951 | |
| MAexp100: | 0.378378 | |
| Price / MA7: | -8.03% | |
| Price / MA20: | -18.14% | |
| Price / MA50: | +4.51% | |
| Price / MA100: | +63.44% | |
| Price / MAexp7: | +0.44% | |
| Price / MAexp20: | -0.66% | |
| Price / MAexp50: | -2.85% | |
| Price / MAexp100: | -6.30% |
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.
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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