STORJ - STORJ/USDT - 1H - Technical analysis published on 01/14/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.639058 USDT
My targets
0.600041 USDT (-1.53%)
0.586790 USDT (-3.71%)
My analysis
STORJ - STORJ/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.639058 USDT. The next support located at 0.600041 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.586790 USDT. Below this support, sellers could then target 0.572535 USDT.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
5.2
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This analysis was given by Andrii. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STORJ - STORJ/USDT price is 0.609374 USDT. On the day, this instrument lost -2.81% and was between 0.597838 USDT and 0.629382 USDT. This implies that the price is at +1.93% from its lowest and at -3.18% from its highest.0.597838
0.629382
0.609374
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of STORJ - STORJ/USDT in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Moving Average bearish crossovers : MA50 & MA100
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.572535 | 0.586790 | 0.600041 | 0.609374 | 0.639058 | 0.661890 | 0.683008 |
| Change (%) | -6.05% | -3.71% | -1.53% | - | +4.87% | +8.62% | +12.08% |
| Change | -0.036839 | -0.022584 | -0.009333 | - | +0.029684 | +0.052516 | +0.073634 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.544735 | 0.564276 | 0.595636 | 0.615177 | 0.646537 | 0.666078 | 0.697438 |
| Camarilla | 0.612999 | 0.617665 | 0.622331 | 0.626997 | 0.631663 | 0.636329 | 0.640995 |
| Woodie | 0.550646 | 0.567231 | 0.601547 | 0.618132 | 0.652448 | 0.669033 | 0.703349 |
| Fibonacci | 0.564276 | 0.583720 | 0.595733 | 0.615177 | 0.634621 | 0.646634 | 0.666078 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.402004 | 0.460218 | 0.543607 | 0.601821 | 0.685210 | 0.743424 | 0.826813 |
| Camarilla | 0.588056 | 0.601037 | 0.614017 | 0.626997 | 0.639977 | 0.652958 | 0.665938 |
| Woodie | 0.414593 | 0.466512 | 0.556196 | 0.608115 | 0.697799 | 0.749718 | 0.839402 |
| Fibonacci | 0.460218 | 0.514310 | 0.547728 | 0.601821 | 0.655913 | 0.689331 | 0.743424 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.124726 | 0.253160 | 0.477191 | 0.855077 | 1.079108 | 1.456994 | 1.681025 |
| Camarilla | 0.535695 | 0.590871 | 0.646046 | 0.701222 | 0.756398 | 0.811574 | 0.866749 |
| Woodie | -0.201654 | 0.214696 | 0.400264 | 0.816613 | 1.002181 | 1.418530 | 1.604098 |
| Fibonacci | 0.253160 | 0.483092 | 0.625145 | 0.855077 | 1.085009 | 1.227062 | 1.456994 |
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): | 46.00 | |
| MACD (12,26,9): | -0.0024 | |
| Directional Movement: | -16.974367 | |
| AROON (14): | -78.571429 | |
| DEMA (21): | 0.613142 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.623079 | |
| Elder Ray (13): | -0.002328 | |
| Super Trend (3,10): | 0.629877 | |
| Zig ZAG (10): | 0.611908 | |
| VORTEX (21): | 0.9718 | |
| Stochastique (14,3,5): | 39.92 | |
| TEMA (21): | 0.610957 | |
| Williams %R (14): | -54.82 | |
| Chande Momentum Oscillator (20): | -0.008956 | |
| Repulse (5,40,3): | 0.6062 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 2.57 |
| MA7: | 0.610088 | |
| MA20: | 0.663399 | |
| MA50: | 0.759143 | |
| MA100: | 0.646838 | |
| MAexp7: | 0.612544 | |
| MAexp20: | 0.616149 | |
| MAexp50: | 0.616996 | |
| MAexp100: | 0.614170 | |
| Price / MA7: | -0.12% | |
| Price / MA20: | -8.14% | |
| Price / MA50: | -19.73% | |
| Price / MA100: | -5.79% | |
| Price / MAexp7: | -0.52% | |
| Price / MAexp20: | -1.10% | |
| Price / MAexp50: | -1.24% | |
| Price / MAexp100: | -0.78% |
Quotes :
-
Real time data
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