STELLAR - XLM/USD - 1H - Technical analysis published on 01/20/2022 (GMT)
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- Timeframe : 1H
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bearish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.246208 USD
My targets
0.255676 USD (+2.06%)
0.267508 USD (+6.78%)
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 0.246208 USD. The buyers' bullish objective is set at 0.255676 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.267508 USD. If there is any crossing, the next objective would be the resistance located at 0.278579 USD. As the basic trend is not clearly displayed, attention should be paid to the price reaction to the resistance at 0.255676 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.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
3.2
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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 price is 0.250523 USD. The price has increased by +1.93% since the last closing with the lowest point at 0.244161 USD and the highest point at 0.252499 USD. The deviation from the price is +2.61% for the low point and -0.78% for the high point.0.244161
0.252499
0.250523
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this STELLAR - XLM/USD chart shows a slightly bearish trend. 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 scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal resistance is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.084982 | 0.211171 | 0.246208 | 0.250523 | 0.250954 | 0.255676 | 0.267508 |
Change (%) | -66.08% | -15.71% | -1.72% | - | +0.17% | +2.06% | +6.78% |
Change | -0.165541 | -0.039352 | -0.004315 | - | +0.000431 | +0.005153 | +0.016985 |
Level | Minor | Minor | Intermediate | - | Intermediate | 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 | 0.229135 | 0.236391 | 0.241083 | 0.248339 | 0.253031 | 0.260287 | 0.264979 |
Camarilla | 0.242489 | 0.243585 | 0.244680 | 0.245775 | 0.246870 | 0.247966 | 0.249061 |
Woodie | 0.227853 | 0.235750 | 0.239801 | 0.247698 | 0.251749 | 0.259646 | 0.263697 |
Fibonacci | 0.236391 | 0.240955 | 0.243775 | 0.248339 | 0.252903 | 0.255723 | 0.260287 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.183801 | 0.211691 | 0.235442 | 0.263332 | 0.287083 | 0.314973 | 0.338724 |
Camarilla | 0.244993 | 0.249727 | 0.254460 | 0.259194 | 0.263928 | 0.268662 | 0.273395 |
Woodie | 0.181733 | 0.210656 | 0.233374 | 0.262297 | 0.285015 | 0.313938 | 0.336656 |
Fibonacci | 0.211691 | 0.231418 | 0.243605 | 0.263332 | 0.283059 | 0.295246 | 0.314973 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.103463 | 0.175057 | 0.220834 | 0.292428 | 0.338205 | 0.409799 | 0.455576 |
Camarilla | 0.234333 | 0.245092 | 0.255851 | 0.266610 | 0.277369 | 0.288128 | 0.298887 |
Woodie | 0.090554 | 0.168603 | 0.207925 | 0.285974 | 0.325296 | 0.403345 | 0.442667 |
Fibonacci | 0.175057 | 0.219893 | 0.247593 | 0.292428 | 0.337264 | 0.364964 | 0.409799 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 60.81 | |
MACD (12,26,9): | 0.0003 | |
Directional Movement: | 15.147785 | |
AROON (14): | 21.428572 | |
DEMA (21): | 0.248315 | |
Parabolic SAR (0,02-0,02-0,2): | 0.244639 | |
Elder Ray (13): | 0.002767 | |
Super Trend (3,10): | 0.245664 | |
Zig ZAG (10): | 0.251087 | |
VORTEX (21): | 1.1324 | |
Stochastique (14,3,5): | 87.42 | |
TEMA (21): | 0.249401 | |
Williams %R (14): | -17.01 | |
Chande Momentum Oscillator (20): | 0.004466 | |
Repulse (5,40,3): | 0.8682 | |
ROCnROLL: | 1 | |
TRIX (15,9): | -0.0238 | |
Courbe Coppock: | 1.81 |
MA7: | 0.255724 | |
MA20: | 0.265131 | |
MA50: | 0.273133 | |
MA100: | 0.317490 | |
MAexp7: | 0.249368 | |
MAexp20: | 0.248273 | |
MAexp50: | 0.249298 | |
MAexp100: | 0.251961 | |
Price / MA7: | -2.03% | |
Price / MA20: | -5.51% | |
Price / MA50: | -8.28% | |
Price / MA100: | -21.09% | |
Price / MAexp7: | +0.46% | |
Price / MAexp20: | +0.91% | |
Price / MAexp50: | +0.49% | |
Price / MAexp100: | -0.57% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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