STACKS - STX/USDT - 1H - Technical analysis published on 03/06/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 0.814631 USDT
My targets
0.616667 USDT (-17.34%)
0.587100 USDT (-21.30%)
My analysis
The basic trend is bearish on STACKS - STX/USDT and in the short term, the price is trying to rebound. For the time being, this is only a technical rebound and the basic trend is not threatened. To have the rebound confirmed, it would have at least to go back above the 0.814631 USDT. Buyers would then use the next resistance located at 0.824833 USDT as an objective. Crossing it would then enable buyers to target 0.945800 USDT. If there is a return to below the support located at 0.616667 USDT, this would be a sign of a reversal in the basic bearish trend. The next bearish objectives would be 0.587100 USDT and 0.462500 USDT by extension.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
0
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Additional analysis
Quotes
STACKS - STX/USDT rating 0.746000 USDT. The price is lower by -0.33% since the last closing and was traded between 0.715400 USDT and 0.767800 USDT over the period. The price is currently at +4.28% from its lowest and -2.84% from its highest.0.715400
0.767800
0.746000
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of STACKS - STX/USDT in 1H shows an overall bearish trend. The signals given by moving averages are at 64.29% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of channel
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.390160 | 0.462500 | 0.587100 | 0.746000 | 0.814631 | 0.945800 | 1.033000 |
| Change (%) | -47.70% | -38.00% | -21.30% | - | +9.20% | +26.78% | +38.47% |
| Change | -0.355840 | -0.283500 | -0.158900 | - | +0.068631 | +0.199800 | +0.287000 |
| Level | Minor | Minor | Major | - | Major | 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 | 0.653600 | 0.677500 | 0.713000 | 0.736900 | 0.772400 | 0.796300 | 0.831800 |
| Camarilla | 0.732165 | 0.737610 | 0.743055 | 0.748500 | 0.753945 | 0.759390 | 0.764835 |
| Woodie | 0.659400 | 0.680400 | 0.718800 | 0.739800 | 0.778200 | 0.799200 | 0.837600 |
| Fibonacci | 0.677500 | 0.700191 | 0.714209 | 0.736900 | 0.759591 | 0.773609 | 0.796300 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.297167 | 0.505333 | 0.616667 | 0.824833 | 0.936167 | 1.144333 | 1.255667 |
| Camarilla | 0.640138 | 0.669425 | 0.698713 | 0.728000 | 0.757288 | 0.786575 | 0.815863 |
| Woodie | 0.248750 | 0.481125 | 0.568250 | 0.800625 | 0.887750 | 1.120125 | 1.207250 |
| Fibonacci | 0.505333 | 0.627382 | 0.702784 | 0.824833 | 0.946882 | 1.022284 | 1.144333 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.220600 | 0.022900 | 0.381500 | 0.625000 | 0.983600 | 1.227100 | 1.585700 |
| Camarilla | 0.574523 | 0.629715 | 0.684908 | 0.740100 | 0.795293 | 0.850485 | 0.905678 |
| Woodie | -0.163050 | 0.051675 | 0.439050 | 0.653775 | 1.041150 | 1.255875 | 1.643250 |
| Fibonacci | 0.022900 | 0.252902 | 0.394998 | 0.625000 | 0.855002 | 0.997098 | 1.227100 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 51.87 | |
| MACD (12,26,9): | 0.0016 | |
| Directional Movement: | 12.319579 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.747048 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.734968 | |
| Elder Ray (13): | 0.007488 | |
| Super Trend (3,10): | 0.766917 | |
| Zig ZAG (10): | 0.749000 | |
| VORTEX (21): | 1.0319 | |
| Stochastique (14,3,5): | 68.35 | |
| TEMA (21): | 0.752740 | |
| Williams %R (14): | -43.40 | |
| Chande Momentum Oscillator (20): | -0.008400 | |
| Repulse (5,40,3): | -0.7177 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0211 | |
| Courbe Coppock: | 1.65 |
| MA7: | 0.817857 | |
| MA20: | 0.538695 | |
| MA50: | 0.382160 | |
| MA100: | 0.310492 | |
| MAexp7: | 0.748960 | |
| MAexp20: | 0.745764 | |
| MAexp50: | 0.754125 | |
| MAexp100: | 0.778042 | |
| Price / MA7: | -8.79% | |
| Price / MA20: | +38.48% | |
| Price / MA50: | +95.21% | |
| Price / MA100: | +140.26% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | +0.03% | |
| Price / MAexp50: | -1.08% | |
| Price / MAexp100: | -4.12% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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