STORJ - STORJ/USDT - 1H - Technical analysis published on 12/17/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
6%
28%
My opinion
Bullish above 1.075353 USDT
My targets
1.223933 USDT (+12.61%)
1.446086 USDT (+33.05%)
My analysis
The bullish trend is currently very strong on STORJ - STORJ/USDT. As long as the price remains above the support at 1.075353 USDT, you could try to benefit from the boom. The first bullish objective is located at 1.223933 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.446086 USDT as an objective. Crossing it would then enable buyers to target 1.455200 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
7.7
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STORJ - STORJ/USDT rating is 1.086853 USDT. The price registered an increase of +17.27% on the session and was traded between 0.925892 USDT and 1.087930 USDT over the period. The price is currently at +17.38% from its lowest and -0.10% from its highest.0.925892
1.087930
1.086853
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
Here is a more detailed summary of the historical variations registered by STORJ - STORJ/USDT:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STORJ - STORJ/USDT chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.805462 | 0.937287 | 0.978450 | 1.086853 | 1.455200 | 1.782000 | 2.952000 |
| Change (%) | -25.89% | -13.76% | -9.97% | - | +33.89% | +63.96% | +171.61% |
| Change | -0.281391 | -0.149566 | -0.108403 | - | +0.368347 | +0.695147 | +1.865147 |
| Level | Major | Minor | Intermediate | - | Minor | Minor | Major |
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 | 0.748127 | 0.813859 | 0.870316 | 0.936048 | 0.992505 | 1.058237 | 1.114694 |
| Camarilla | 0.893172 | 0.904373 | 0.915573 | 0.926774 | 0.937975 | 0.949175 | 0.960376 |
| Woodie | 0.743491 | 0.811540 | 0.865680 | 0.933729 | 0.987869 | 1.055918 | 1.110058 |
| Fibonacci | 0.813859 | 0.860535 | 0.889372 | 0.936048 | 0.982724 | 1.011561 | 1.058237 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.333887 | 0.482467 | 0.704620 | 0.853200 | 1.075353 | 1.223933 | 1.446086 |
| Camarilla | 0.824822 | 0.858806 | 0.892790 | 0.926774 | 0.960758 | 0.994742 | 1.028726 |
| Woodie | 0.370675 | 0.500860 | 0.741408 | 0.871593 | 1.112141 | 1.242326 | 1.482874 |
| Fibonacci | 0.482467 | 0.624087 | 0.711580 | 0.853200 | 0.994820 | 1.082313 | 1.223933 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.099628 | 0.155025 | 0.444080 | 0.698733 | 0.987788 | 1.242441 | 1.531496 |
| Camarilla | 0.583616 | 0.633456 | 0.683296 | 0.733136 | 0.782976 | 0.832816 | 0.882656 |
| Woodie | -0.082426 | 0.163626 | 0.461282 | 0.707334 | 1.004990 | 1.251042 | 1.548698 |
| Fibonacci | 0.155025 | 0.362721 | 0.491036 | 0.698733 | 0.906429 | 1.034744 | 1.242441 |
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): | 56.95 | |
| MACD (12,26,9): | 0.0072 | |
| Directional Movement: | 12.766962 | |
| AROON (14): | 21.428571 | |
| DEMA (21): | 0.953521 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.981669 | |
| Elder Ray (13): | 0.021784 | |
| Super Trend (3,10): | 0.903697 | |
| Zig ZAG (10): | 0.968024 | |
| VORTEX (21): | 1.1603 | |
| Stochastique (14,3,5): | 46.91 | |
| TEMA (21): | 0.952245 | |
| Williams %R (14): | -36.75 | |
| Chande Momentum Oscillator (20): | -0.023874 | |
| Repulse (5,40,3): | 3.6598 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0809 | |
| Courbe Coppock: | 4.69 |
| MA7: | 0.838696 | |
| MA20: | 0.774810 | |
| MA50: | 0.693474 | |
| MA100: | 0.544068 | |
| MAexp7: | 0.952703 | |
| MAexp20: | 0.944503 | |
| MAexp50: | 0.921380 | |
| MAexp100: | 0.873265 | |
| Price / MA7: | +29.59% | |
| Price / MA20: | +40.27% | |
| Price / MA50: | +56.73% | |
| Price / MA100: | +99.76% | |
| Price / MAexp7: | +14.08% | |
| Price / MAexp20: | +15.07% | |
| Price / MAexp50: | +17.96% | |
| Price / MAexp100: | +24.46% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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