STEPN - GMT/USDT - Daily - Technical analysis published on 05/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 0.233280 USDT
My targets
0.214093 USDT (-4.14%)
0.181772 USDT (-18.61%)
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 0.233280 USDT remains possible. It is advisable to trade STEPN - GMT/USDT with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.233280 USDT. The next bearish objective for sellers is set at 0.214093 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.181772 USDT. In case of crossing, the next objective would be the support located at 0.141656 USDT. PS: if there is a bullish break in the resistance located at 0.233280 USDT 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, 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
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
STEPN - GMT/USDT rating 0.223337 USDT. The price registered an increase of +0.25% on the session with the lowest point at 0.221459 USDT and the highest point at 0.223516 USDT. The deviation from the price is +0.85% for the low point and -0.08% for the high point.0.221459
0.223516
0.223337
Here is a more detailed summary of the historical variations registered by STEPN - GMT/USDT:
Technical
A technical analysis in Daily of this STEPN - GMT/USDT chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. 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 bullish signal on moving averages that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
The technical indicators are bullish. There is still some doubt about the price increase.
Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.141656 | 0.181772 | 0.214093 | 0.223337 | 0.233280 | 0.262143 | 0.299393 |
| Change (%) | -36.57% | -18.61% | -4.14% | - | +4.45% | +17.38% | +34.05% |
| Change | -0.081681 | -0.041565 | -0.009244 | - | +0.009943 | +0.038806 | +0.076056 |
| 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 | 0.201959 | 0.207396 | 0.215092 | 0.220529 | 0.228225 | 0.233662 | 0.241358 |
| Camarilla | 0.219177 | 0.220381 | 0.221585 | 0.222789 | 0.223993 | 0.225197 | 0.226401 |
| Woodie | 0.203090 | 0.207961 | 0.216223 | 0.221094 | 0.229356 | 0.234227 | 0.242489 |
| Fibonacci | 0.207396 | 0.212413 | 0.215512 | 0.220529 | 0.225546 | 0.228645 | 0.233662 |
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): | 47.07 | |
| MACD (12,26,9): | -0.0095 | |
| Directional Movement: | -3.184925 | |
| AROON (14): | -50.000000 | |
| DEMA (21): | 0.207539 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.230067 | |
| Elder Ray (13): | 0.004384 | |
| Super Trend (3,10): | 0.246614 | |
| Zig ZAG (10): | 0.223382 | |
| VORTEX (21): | 0.9611 | |
| Stochastique (14,3,5): | 57.56 | |
| TEMA (21): | 0.212384 | |
| Williams %R (14): | -35.35 | |
| Chande Momentum Oscillator (20): | 0.002321 | |
| Repulse (5,40,3): | 4.0152 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.7786 | |
| Courbe Coppock: | 6.98 |
| MA7: | 0.213961 | |
| MA20: | 0.217731 | |
| MA50: | 0.253408 | |
| MA100: | 0.278796 | |
| MAexp7: | 0.217415 | |
| MAexp20: | 0.222304 | |
| MAexp50: | 0.245409 | |
| MAexp100: | 0.260933 | |
| Price / MA7: | +4.38% | |
| Price / MA20: | +2.57% | |
| Price / MA50: | -11.87% | |
| Price / MA100: | -19.89% | |
| Price / MAexp7: | +2.72% | |
| Price / MAexp20: | +0.46% | |
| Price / MAexp50: | -8.99% | |
| Price / MAexp100: | -14.41% |
Quotes :
-
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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