STEPN - GMT/USDT - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
11%
56%
33%
My opinion
Bullish above 0.210971 USDT
My targets
0.219122 USDT (+1.87%)
0.221801 USDT (+3.12%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STEPN - GMT/USDT. As long as you are above the support located at 0.210971 USDT, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.219122 USDT would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.221801 USDT as an objective. Crossing it would then enable buyers to target 0.224793 USDT. If the support 0.210971 USDT were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, the general bullish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bullish direction is still favored, however the current short term bearish correction should be carefully watched.
Force
0
10
1.1
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STEPN - GMT/USDT price is 0.215099 USDT. On the day, this instrument lost -0.59% and was traded between 0.212916 USDT and 0.222472 USDT over the period. The price is currently at +1.03% from its lowest and -3.31% from its highest.0.212916
0.222472
0.215099
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of STEPN - GMT/USDT in 1H shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.202186 | 0.210971 | 0.214093 | 0.215099 | 0.219122 | 0.221801 | 0.224793 |
| Change (%) | -6.00% | -1.92% | -0.47% | - | +1.87% | +3.12% | +4.51% |
| Change | -0.012913 | -0.004128 | -0.001006 | - | +0.004023 | +0.006702 | +0.009694 |
| Level | Minor | Intermediate | Intermediate | - | Intermediate | Minor | 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 | 0.186776 | 0.193778 | 0.205075 | 0.212077 | 0.223374 | 0.230376 | 0.241673 |
| Camarilla | 0.211341 | 0.213018 | 0.214696 | 0.216373 | 0.218050 | 0.219728 | 0.221405 |
| Woodie | 0.188925 | 0.194852 | 0.207224 | 0.213151 | 0.225523 | 0.231450 | 0.243822 |
| Fibonacci | 0.193778 | 0.200768 | 0.205086 | 0.212077 | 0.219067 | 0.223385 | 0.230376 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.176760 | 0.193783 | 0.202785 | 0.219808 | 0.228810 | 0.245833 | 0.254835 |
| Camarilla | 0.204631 | 0.207017 | 0.209402 | 0.211788 | 0.214174 | 0.216559 | 0.218945 |
| Woodie | 0.172751 | 0.191778 | 0.198776 | 0.217803 | 0.224801 | 0.243828 | 0.250826 |
| Fibonacci | 0.193783 | 0.203724 | 0.209866 | 0.219808 | 0.229749 | 0.235891 | 0.245833 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.021658 | 0.093033 | 0.153563 | 0.268254 | 0.328784 | 0.443475 | 0.504005 |
| Camarilla | 0.165907 | 0.181969 | 0.198031 | 0.214093 | 0.230155 | 0.246217 | 0.262279 |
| Woodie | -0.048739 | 0.079493 | 0.126483 | 0.254714 | 0.301704 | 0.429935 | 0.476925 |
| Fibonacci | 0.093033 | 0.159967 | 0.201320 | 0.268254 | 0.335188 | 0.376541 | 0.443475 |
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): | 45.25 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -8.322432 | |
| AROON (14): | -42.857143 | |
| DEMA (21): | 0.218018 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.217789 | |
| Elder Ray (13): | -0.001689 | |
| Super Trend (3,10): | 0.221887 | |
| Zig ZAG (10): | 0.215259 | |
| VORTEX (21): | 0.9772 | |
| Stochastique (14,3,5): | 31.75 | |
| TEMA (21): | 0.216854 | |
| Williams %R (14): | -71.07 | |
| Chande Momentum Oscillator (20): | -0.004360 | |
| Repulse (5,40,3): | -0.3262 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1007 | |
| Courbe Coppock: | 2.82 |
| MA7: | 0.210778 | |
| MA20: | 0.219400 | |
| MA50: | 0.260495 | |
| MA100: | 0.279175 | |
| MAexp7: | 0.216401 | |
| MAexp20: | 0.216779 | |
| MAexp50: | 0.214339 | |
| MAexp100: | 0.212835 | |
| Price / MA7: | +2.05% | |
| Price / MA20: | -1.96% | |
| Price / MA50: | -17.43% | |
| Price / MA100: | -22.95% | |
| Price / MAexp7: | -0.60% | |
| Price / MAexp20: | -0.77% | |
| Price / MAexp50: | +0.35% | |
| Price / MAexp100: | +1.06% |
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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