GRAYSCALE STELLAR LUMENS TR XLM COM UNI - Daily - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 33.21 USD
My targets
28.33 USD (-13.09%)
27.21 USD (-16.53%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 33.21 USD remains possible. It is advisable to trade GRAYSCALE STELLAR LUMENS TR XLM COM UNI with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 33.21 USD. The next bearish objective for sellers is set at 28.33 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 27.21 USD. In case of crossing, the next objective would be the support located at 23.05 USD. PS: if there is a bullish break in the resistance located at 33.21 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.4
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This analysis was given by robby1966.
Additional analysis
Quotes
The GRAYSCALE STELLAR LUMENS TR XLM COM UNI price is 32.60 USD. The price registered an increase of +4.09% on the session and was traded between 31.60 USD and 35.52 USD over the period. The price is currently at +3.16% from its lowest and -8.22% from its highest.31.60
35.52
32.60
A study of price movements over other periods shows the following variations:
Technical
A technical analysis in Daily of this GRAYSCALE STELLAR LUMENS TR XLM COM UNI chart shows a bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 100
Type : Bearish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Ichimoku - Bearish crossover : Tenkan & Kijun
Type : Bearish
Timeframe : Daily
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 gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 11.39 | 23.05 | 27.21 | 32.60 | 33.21 | 42.96 | 51.93 |
| Change (%) | -65.06% | -29.29% | -16.53% | - | +1.87% | +31.78% | +59.29% |
| Change | -21.21 | -9.55 | -5.39 | - | +0.61 | +10.36 | +19.33 |
| Level | Minor | Major | Major | - | Major | Intermediate | Major |
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 | 24.77 | 27.13 | 29.23 | 31.59 | 33.69 | 36.05 | 38.15 |
| Camarilla | 30.09 | 30.50 | 30.91 | 31.32 | 31.73 | 32.14 | 32.55 |
| Woodie | 24.63 | 27.07 | 29.09 | 31.53 | 33.55 | 35.99 | 38.01 |
| Fibonacci | 27.13 | 28.84 | 29.89 | 31.59 | 33.30 | 34.35 | 36.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 21.38 | 24.44 | 27.88 | 30.94 | 34.38 | 37.44 | 40.88 |
| Camarilla | 29.53 | 30.13 | 30.72 | 31.32 | 31.92 | 32.51 | 33.11 |
| Woodie | 21.57 | 24.54 | 28.07 | 31.04 | 34.57 | 37.54 | 41.07 |
| Fibonacci | 24.44 | 26.92 | 28.46 | 30.94 | 33.42 | 34.96 | 37.44 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.83 | 23.92 | 28.33 | 35.42 | 39.83 | 46.92 | 51.33 |
| Camarilla | 29.59 | 30.64 | 31.70 | 32.75 | 33.80 | 34.86 | 35.91 |
| Woodie | 15.50 | 23.25 | 27.00 | 34.75 | 38.50 | 46.25 | 50.00 |
| Fibonacci | 23.92 | 28.31 | 31.02 | 35.42 | 39.81 | 42.52 | 46.92 |
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): | 50.88 | |
| MACD (12,26,9): | -0.7100 | |
| Directional Movement: | 3.34 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 31.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 43.53 | |
| Elder Ray (13): | 1.66 | |
| Super Trend (3,10): | 40.45 | |
| Zig ZAG (10): | 34.00 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 23.51 | |
| TEMA (21): | 31.77 | |
| Williams %R (14): | -63.12 | |
| Chande Momentum Oscillator (20): | 5.70 | |
| Repulse (5,40,3): | 3.0100 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.3400 | |
| Courbe Coppock: | 9.24 |
| MA7: | 31.35 | |
| MA20: | 31.73 | |
| MA50: | 34.54 | |
| MA100: | 41.25 | |
| MAexp7: | 31.76 | |
| MAexp20: | 32.02 | |
| MAexp50: | 34.17 | |
| MAexp100: | 35.64 | |
| Price / MA7: | +3.99% | |
| Price / MA20: | +2.74% | |
| Price / MA50: | -5.62% | |
| Price / MA100: | -20.97% | |
| Price / MAexp7: | +2.64% | |
| Price / MAexp20: | +1.81% | |
| Price / MAexp50: | -4.59% | |
| Price / MAexp100: | -8.53% |
Quotes :
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15 min delayed data
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NASDAQ OTCBB
This member declared not having a position on this financial instrument or a related financial instrument.
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