STELLAR - XLM/USD - 1H - Technical analysis published on 08/04/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
56%
17%
28%
My opinion
Bullish above 0.268700 USD
My targets
0.283559 USD (+3.34%)
0.293398 USD (+6.92%)
My analysis
The current short-term bullish trend is expected to quickly reset the neutral or bullish trend. To avoid contradicting the short term, it would be possible to favour long positions (at the time of purchase) for STELLAR - XLM/USD as long as the price remains well above 0.268700 USD. The buyers' bullish objective is set at 0.283559 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.293398 USD. If there is any crossing, the next objective would be the resistance located at 0.300895 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.283559 USD. On this resistance, against the trend traders who would like to go short on STELLAR - XLM/USD with a bearish signal from their trading strategy, should not hesitate to act.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
1.6
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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 0.274401 USD. The price registered an increase of +0.29% on the session and was between 0.265156 USD and 0.275398 USD. This implies that the price is at +3.49% from its lowest and at -0.36% from its highest.0.265156
0.275398
0.274401
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by STELLAR - XLM/USD:
Technical
Technical analysis of this 1H chart of STELLAR - XLM/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages could quickly lead to a reversal of the trend. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.262529 | 0.268700 | 0.273513 | 0.274401 | 0.283559 | 0.293398 | 0.300895 |
| Change (%) | -4.33% | -2.08% | -0.32% | - | +3.34% | +6.92% | +9.66% |
| Change | -0.011872 | -0.005701 | -0.000888 | - | +0.009158 | +0.018997 | +0.026494 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Intermediate |
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 | 0.251701 | 0.258107 | 0.265863 | 0.272269 | 0.280025 | 0.286431 | 0.294187 |
| Camarilla | 0.269725 | 0.271023 | 0.272321 | 0.273619 | 0.274917 | 0.276215 | 0.277514 |
| Woodie | 0.252376 | 0.258445 | 0.266538 | 0.272607 | 0.280700 | 0.286769 | 0.294862 |
| Fibonacci | 0.258107 | 0.263517 | 0.266859 | 0.272269 | 0.277679 | 0.281021 | 0.286431 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.221816 | 0.236583 | 0.260352 | 0.275119 | 0.298888 | 0.313655 | 0.337424 |
| Camarilla | 0.273524 | 0.277056 | 0.280589 | 0.284121 | 0.287654 | 0.291186 | 0.294718 |
| Woodie | 0.226317 | 0.238834 | 0.264853 | 0.277370 | 0.303389 | 0.315906 | 0.341925 |
| Fibonacci | 0.236583 | 0.251304 | 0.260398 | 0.275119 | 0.289840 | 0.298934 | 0.313655 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.134571 | 0.166787 | 0.225454 | 0.257670 | 0.316337 | 0.348553 | 0.407220 |
| Camarilla | 0.259128 | 0.267459 | 0.275790 | 0.284121 | 0.292452 | 0.300783 | 0.309114 |
| Woodie | 0.147797 | 0.173400 | 0.238680 | 0.264283 | 0.329563 | 0.355166 | 0.420446 |
| Fibonacci | 0.166787 | 0.201504 | 0.222953 | 0.257670 | 0.292387 | 0.313836 | 0.348553 |
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): | 60.71 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 11.239832 | |
| AROON (14): | 35.714287 | |
| DEMA (21): | 0.269456 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.265317 | |
| Elder Ray (13): | 0.003542 | |
| Super Trend (3,10): | 0.265909 | |
| Zig ZAG (10): | 0.274699 | |
| VORTEX (21): | 1.0038 | |
| Stochastique (14,3,5): | 48.60 | |
| TEMA (21): | 0.268584 | |
| Williams %R (14): | -16.79 | |
| Chande Momentum Oscillator (20): | -0.000271 | |
| Repulse (5,40,3): | 2.5003 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0674 | |
| Courbe Coppock: | 2.59 |
| MA7: | 0.275972 | |
| MA20: | 0.256934 | |
| MA50: | 0.260033 | |
| MA100: | 0.371656 | |
| MAexp7: | 0.270142 | |
| MAexp20: | 0.270459 | |
| MAexp50: | 0.272772 | |
| MAexp100: | 0.274733 | |
| Price / MA7: | -0.57% | |
| Price / MA20: | +6.80% | |
| Price / MA50: | +5.53% | |
| Price / MA100: | -26.17% | |
| Price / MAexp7: | +1.58% | |
| Price / MAexp20: | +1.46% | |
| Price / MAexp50: | +0.60% | |
| Price / MAexp100: | -0.12% |
Quotes :
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Real time data
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