STACKS - STX/USDT - 1H - Technical analysis published on 02/23/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
44%
17%
39%
My opinion
Bullish above 0.717000 USDT
My targets
0.766300 USDT (+3.54%)
0.868500 USDT (+17.35%)
My analysis
STACKS - STX/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.717000 USDT. The next resistance located at 0.766300 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.868500 USDT. After this resistance, buyers could then target 1.133000 USDT. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators confirm the bullish opinion of this analysis. 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
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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 STACKS - STX/USDT price is 0.740100 USDT. On the day, this instrument gained +13.77% and was traded between 0.633800 USDT and 0.868500 USDT over the period. The price is currently at +16.77% from its lowest and -14.78% from its highest.0.633800
0.868500
0.740100
Here is a more detailed summary of the historical variations registered by STACKS - STX/USDT:
Technical
Technical analysis of STACKS - STX/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is slight given the direction of the technical indicators.
The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.587100 | 0.633800 | 0.717000 | 0.740100 | 0.766300 | 0.868500 | 1.133000 |
| Change (%) | -20.67% | -14.36% | -3.12% | - | +3.54% | +17.35% | +53.09% |
| Change | -0.153000 | -0.106300 | -0.023100 | - | +0.026200 | +0.128400 | +0.392900 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | 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 | 0.390267 | 0.488633 | 0.569567 | 0.667933 | 0.748867 | 0.847233 | 0.928167 |
| Camarilla | 0.601193 | 0.617628 | 0.634064 | 0.650500 | 0.666936 | 0.683372 | 0.699808 |
| Woodie | 0.381550 | 0.484275 | 0.560850 | 0.663575 | 0.740150 | 0.842875 | 0.919450 |
| Fibonacci | 0.488633 | 0.557126 | 0.599441 | 0.667933 | 0.736426 | 0.778741 | 0.847233 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.198567 | 0.241333 | 0.311067 | 0.353833 | 0.423567 | 0.466333 | 0.536067 |
| Camarilla | 0.349863 | 0.360175 | 0.370488 | 0.380800 | 0.391113 | 0.401425 | 0.411738 |
| Woodie | 0.212050 | 0.248075 | 0.324550 | 0.360575 | 0.437050 | 0.473075 | 0.549550 |
| Fibonacci | 0.241333 | 0.284308 | 0.310858 | 0.353833 | 0.396808 | 0.423358 | 0.466333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.129800 | 0.170500 | 0.223200 | 0.263900 | 0.316600 | 0.357300 | 0.410000 |
| Camarilla | 0.250215 | 0.258777 | 0.267338 | 0.275900 | 0.284462 | 0.293023 | 0.301585 |
| Woodie | 0.135800 | 0.173500 | 0.229200 | 0.266900 | 0.322600 | 0.360300 | 0.416000 |
| Fibonacci | 0.170500 | 0.206179 | 0.228221 | 0.263900 | 0.299579 | 0.321621 | 0.357300 |
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): | 56.29 | |
| MACD (12,26,9): | 0.0195 | |
| Directional Movement: | 15.685859 | |
| AROON (14): | 50.000000 | |
| DEMA (21): | 0.743864 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.855966 | |
| Elder Ray (13): | 0.005404 | |
| Super Trend (3,10): | 0.662383 | |
| Zig ZAG (10): | 0.740100 | |
| VORTEX (21): | 1.0737 | |
| Stochastique (14,3,5): | 39.53 | |
| TEMA (21): | 0.746164 | |
| Williams %R (14): | -55.70 | |
| Chande Momentum Oscillator (20): | 0.054300 | |
| Repulse (5,40,3): | 1.9647 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.4645 | |
| Courbe Coppock: | 20.19 |
| MA7: | 0.526914 | |
| MA20: | 0.380675 | |
| MA50: | 0.309060 | |
| MA100: | 0.274698 | |
| MAexp7: | 0.732186 | |
| MAexp20: | 0.717182 | |
| MAexp50: | 0.675500 | |
| MAexp100: | 0.605448 | |
| Price / MA7: | +40.46% | |
| Price / MA20: | +94.42% | |
| Price / MA50: | +139.47% | |
| Price / MA100: | +169.42% | |
| Price / MAexp7: | +1.08% | |
| Price / MAexp20: | +3.20% | |
| Price / MAexp50: | +9.56% | |
| Price / MAexp100: | +22.24% |
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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