STORJ - STORJ/USDT - Daily - Technical analysis published on 11/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
33%
28%
39%
My opinion
Bearish under 0.135326 USDT
My targets
0.118107 USDT (-8.59%)
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 0.135326 USDT. The next support located at 0.118107 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STORJ - STORJ/USDT price is 0.129200 USDT. The price has increased by +0.08% since the last closing with the lowest point at 0.124100 USDT and the highest point at 0.131900 USDT. The deviation from the price is +4.11% for the low point and -2.05% for the high point.0.124100
0.131900
0.129200
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Technical
Technical analysis of STORJ - STORJ/USDT in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.118107 | 0.129200 | 0.135326 | 0.193700 | 0.273220 |
| Change (%) | -8.59% | - | +4.74% | +49.92% | +111.47% |
| Change | -0.011093 | - | +0.006126 | +0.064500 | +0.144020 |
| Level | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092667 | 0.106233 | 0.117667 | 0.131233 | 0.142667 | 0.156233 | 0.167667 |
| Camarilla | 0.122225 | 0.124517 | 0.126808 | 0.129100 | 0.131392 | 0.133683 | 0.135975 |
| Woodie | 0.091600 | 0.105700 | 0.116600 | 0.130700 | 0.141600 | 0.155700 | 0.166600 |
| Fibonacci | 0.106233 | 0.115783 | 0.121683 | 0.131233 | 0.140783 | 0.146683 | 0.156233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.059200 | 0.084900 | 0.105800 | 0.131500 | 0.152400 | 0.178100 | 0.199000 |
| Camarilla | 0.113885 | 0.118157 | 0.122428 | 0.126700 | 0.130972 | 0.135243 | 0.139515 |
| Woodie | 0.056800 | 0.083700 | 0.103400 | 0.130300 | 0.150000 | 0.176900 | 0.196600 |
| Fibonacci | 0.084900 | 0.102701 | 0.113699 | 0.131500 | 0.149301 | 0.160299 | 0.178100 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.074500 | 0.092900 | 0.115400 | 0.133800 | 0.156300 | 0.174700 | 0.197200 |
| Camarilla | 0.126653 | 0.130402 | 0.134151 | 0.137900 | 0.141649 | 0.145398 | 0.149148 |
| Woodie | 0.076550 | 0.093925 | 0.117450 | 0.134825 | 0.158350 | 0.175725 | 0.199250 |
| Fibonacci | 0.092900 | 0.108524 | 0.118176 | 0.133800 | 0.149424 | 0.159076 | 0.174700 |
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): | 47.36 | |
| MACD (12,26,9): | -0.0026 | |
| Directional Movement: | 8.655842 | |
| AROON (14): | 7.142861 | |
| DEMA (21): | 0.128281 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.105680 | |
| Elder Ray (13): | -0.001511 | |
| Super Trend (3,10): | 0.149264 | |
| Zig ZAG (10): | 0.129100 | |
| VORTEX (21): | 0.9536 | |
| Stochastique (14,3,5): | 45.31 | |
| TEMA (21): | 0.125804 | |
| Williams %R (14): | -54.44 | |
| Chande Momentum Oscillator (20): | -0.004200 | |
| Repulse (5,40,3): | -2.5450 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1591 | |
| Courbe Coppock: | 14.76 |
| MA7: | 0.124686 | |
| MA20: | 0.132750 | |
| MA50: | 0.132212 | |
| MA100: | 0.137730 | |
| MAexp7: | 0.127682 | |
| MAexp20: | 0.131036 | |
| MAexp50: | 0.134076 | |
| MAexp100: | 0.144841 | |
| Price / MA7: | +3.62% | |
| Price / MA20: | -2.67% | |
| Price / MA50: | -2.28% | |
| Price / MA100: | -6.19% | |
| Price / MAexp7: | +1.19% | |
| Price / MAexp20: | -1.40% | |
| Price / MAexp50: | -3.64% | |
| Price / MAexp100: | -10.80% |
This member declared not having a position on this financial instrument or a related financial instrument.
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