STELLAR - XLM/USD - Daily - Technical analysis published on 09/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 0.075356 USD
My targets
0.062928 USD (-10.27%)
0.052362 USD (-25.33%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STELLAR - XLM/USD as long as the price remains well below 0.075356 USD. The sellers” bearish objective is set at 0.062928 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.052362 USD. In case of crossing, the next objective would be the support located at 0.032730 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The STELLAR - XLM/USD rating is 0.070129 USD. On the day, this instrument lost -8.96% and was between 0.069239 USD and 0.077238 USD. This implies that the price is at +1.29% from its lowest and at -9.20% from its highest.0.069239
0.077238
0.070129
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STELLAR - XLM/USD:
Technical
A technical analysis in Daily of this STELLAR - XLM/USD chart shows a sharp bearish trend. The signals given by moving averages are 85.71% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Parabolic SAR indicator bearish reversal
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.032730 | 0.052362 | 0.062928 | 0.070129 | 0.075356 | 0.086522 | 0.099683 |
| Change (%) | -53.33% | -25.33% | -10.27% | - | +7.45% | +23.38% | +42.14% |
| Change | -0.037399 | -0.017767 | -0.007201 | - | +0.005227 | +0.016393 | +0.029554 |
| Level | Minor | Minor | Intermediate | - | Major | Major | 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 | 0.071981 | 0.073684 | 0.075356 | 0.077059 | 0.078731 | 0.080434 | 0.082106 |
| Camarilla | 0.076099 | 0.076408 | 0.076718 | 0.077027 | 0.077336 | 0.077646 | 0.077955 |
| Woodie | 0.071965 | 0.073676 | 0.075340 | 0.077051 | 0.078715 | 0.080426 | 0.082090 |
| Fibonacci | 0.073684 | 0.074974 | 0.075770 | 0.077059 | 0.078349 | 0.079145 | 0.080434 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.065045 | 0.070112 | 0.074356 | 0.079423 | 0.083667 | 0.088734 | 0.092978 |
| Camarilla | 0.076040 | 0.076893 | 0.077747 | 0.078600 | 0.079454 | 0.080307 | 0.081161 |
| Woodie | 0.064634 | 0.069906 | 0.073945 | 0.079217 | 0.083256 | 0.088528 | 0.092567 |
| Fibonacci | 0.070112 | 0.073669 | 0.075866 | 0.079423 | 0.082980 | 0.085177 | 0.088734 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.055752 | 0.072891 | 0.084903 | 0.102042 | 0.114054 | 0.131193 | 0.143205 |
| Camarilla | 0.088898 | 0.091570 | 0.094242 | 0.096914 | 0.099586 | 0.102258 | 0.104931 |
| Woodie | 0.053188 | 0.071609 | 0.082339 | 0.100760 | 0.111490 | 0.129911 | 0.140641 |
| Fibonacci | 0.072891 | 0.084027 | 0.090907 | 0.102042 | 0.113178 | 0.120058 | 0.131193 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 30.15 | |
| MACD (12,26,9): | -0.0048 | |
| Directional Movement: | -21.257486 | |
| AROON (14): | -64.285713 | |
| DEMA (21): | 0.074594 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.084537 | |
| Elder Ray (13): | -0.005355 | |
| Super Trend (3,10): | 0.089237 | |
| Zig ZAG (10): | 0.070200 | |
| VORTEX (21): | 0.7685 | |
| Stochastique (14,3,5): | 29.13 | |
| TEMA (21): | 0.073127 | |
| Williams %R (14): | -94.05 | |
| Chande Momentum Oscillator (20): | -0.007126 | |
| Repulse (5,40,3): | -14.4438 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.8308 | |
| Courbe Coppock: | 7.80 |
| MA7: | 0.077394 | |
| MA20: | 0.079127 | |
| MA50: | 0.093518 | |
| MA100: | 0.088346 | |
| MAexp7: | 0.076527 | |
| MAexp20: | 0.081088 | |
| MAexp50: | 0.087161 | |
| MAexp100: | 0.085919 | |
| Price / MA7: | -9.39% | |
| Price / MA20: | -11.37% | |
| Price / MA50: | -25.01% | |
| Price / MA100: | -20.62% | |
| Price / MAexp7: | -8.36% | |
| Price / MAexp20: | -13.51% | |
| Price / MAexp50: | -19.54% | |
| Price / MAexp100: | -18.38% |
Quotes :
2020-09-21 15:14:17
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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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