GMT - GMT/USDT - Daily - Technical analysis published on 05/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
44%
17%
39%
My opinion
Bearish under 0.233280 USDT
My targets
0.214093 USDT (-2.78%)
0.181772 USDT (-17.46%)
My analysis
The bearish basic trend is very strong on STEPN - GMT/USDT but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.233280 USDT. Crossing the first support at 0.214093 USDT would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.181772 USDT as an objective. Crossing it would then enable sellers to target 0.141656 USDT. Caution, a return to above the resistance located at 0.233280 USDT would be a sign of a possible consolidation phase of the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
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
4.1
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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 rating is 0.220219 USDT. The price registered an increase of +2.05% on the session with the lowest point at 0.212832 USDT and the highest point at 0.222217 USDT. The deviation from the price is +3.47% for the low point and -0.90% for the high point.0.212832
0.222217
0.220219
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of STEPN - GMT/USDT indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.141656 | 0.181772 | 0.214093 | 0.220219 | 0.233280 | 0.262143 | 0.299393 |
| Change (%) | -35.67% | -17.46% | -2.78% | - | +5.93% | +19.04% | +35.95% |
| Change | -0.078563 | -0.038447 | -0.006126 | - | +0.013061 | +0.041924 | +0.079174 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.202090 | 0.207503 | 0.211646 | 0.217059 | 0.221202 | 0.226615 | 0.230758 |
| Camarilla | 0.213161 | 0.214037 | 0.214913 | 0.215789 | 0.216665 | 0.217541 | 0.218417 |
| Woodie | 0.201455 | 0.207186 | 0.211011 | 0.216742 | 0.220567 | 0.226298 | 0.230123 |
| Fibonacci | 0.207503 | 0.211153 | 0.213409 | 0.217059 | 0.220709 | 0.222965 | 0.226615 |
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): | 45.40 | |
| MACD (12,26,9): | -0.0110 | |
| Directional Movement: | -4.980671 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.205533 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.232068 | |
| Elder Ray (13): | 0.000669 | |
| Super Trend (3,10): | 0.246614 | |
| Zig ZAG (10): | 0.220368 | |
| VORTEX (21): | 0.9004 | |
| Stochastique (14,3,5): | 49.24 | |
| TEMA (21): | 0.209079 | |
| Williams %R (14): | -43.14 | |
| Chande Momentum Oscillator (20): | -0.007149 | |
| Repulse (5,40,3): | 3.9316 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.8215 | |
| Courbe Coppock: | 10.36 |
| MA7: | 0.211956 | |
| MA20: | 0.218309 | |
| MA50: | 0.256907 | |
| MA100: | 0.278971 | |
| MAexp7: | 0.214823 | |
| MAexp20: | 0.221903 | |
| MAexp50: | 0.246201 | |
| MAexp100: | 0.261656 | |
| Price / MA7: | +3.90% | |
| Price / MA20: | +0.87% | |
| Price / MA50: | -14.28% | |
| Price / MA100: | -21.06% | |
| Price / MAexp7: | +2.51% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -10.55% | |
| Price / MAexp100: | -15.84% |
Quotes :
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Real time data
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