GITCOIN - GTC/USDT - 1H - Technical analysis published on 03/27/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 2.45 USDT
My targets
2.58 USDT (+1.57%)
2.85 USDT (+12.20%)
My analysis
GITCOIN - GTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 2.45 USDT. The next resistance located at 2.58 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 2.85 USDT. After this resistance, buyers could then target 2.92 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
7.7
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This analysis was given by MOHAMMED ALAMERI. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GITCOIN - GTC/USDT rating 2.54 USDT. On the day, this instrument gained +4.53% with the lowest point at 2.41 USDT and the highest point at 2.55 USDT. The deviation from the price is +5.39% for the low point and -0.39% for the high point.2.41
2.55
2.54
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this GITCOIN - GTC/USDT chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 2.15 | 2.29 | 2.45 | 2.54 | 2.92 | 5.22 | 8.26 |
| Change (%) | -15.35% | -9.84% | -3.54% | - | +14.96% | +105.51% | +225.20% |
| Change | -0.39 | -0.25 | -0.09 | - | +0.38 | +2.68 | +5.72 |
| Level | Major | Intermediate | Minor | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.10 | 2.20 | 2.31 | 2.41 | 2.52 | 2.62 | 2.73 |
| Camarilla | 2.37 | 2.39 | 2.41 | 2.43 | 2.45 | 2.47 | 2.49 |
| Woodie | 2.12 | 2.20 | 2.33 | 2.41 | 2.54 | 2.62 | 2.75 |
| Fibonacci | 2.20 | 2.28 | 2.33 | 2.41 | 2.49 | 2.54 | 2.62 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.24 | 1.51 | 1.91 | 2.18 | 2.58 | 2.85 | 3.25 |
| Camarilla | 2.13 | 2.19 | 2.25 | 2.31 | 2.37 | 2.43 | 2.49 |
| Woodie | 1.31 | 1.54 | 1.98 | 2.21 | 2.65 | 2.88 | 3.32 |
| Fibonacci | 1.51 | 1.77 | 1.92 | 2.18 | 2.44 | 2.59 | 2.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.84 | 1.24 | 1.65 | 2.05 | 2.46 | 2.86 | 3.27 |
| Camarilla | 1.85 | 1.92 | 2.00 | 2.07 | 2.14 | 2.22 | 2.29 |
| Woodie | 0.86 | 1.24 | 1.67 | 2.05 | 2.48 | 2.86 | 3.29 |
| Fibonacci | 1.24 | 1.55 | 1.74 | 2.05 | 2.36 | 2.55 | 2.86 |
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): | 69.95 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 23.48 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 2.47 | |
| Parabolic SAR (0,02-0,02-0,2): | 2.41 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 2.35 | |
| Zig ZAG (10): | 2.49 | |
| VORTEX (21): | 1.1100 | |
| Stochastique (14,3,5): | 48.35 | |
| TEMA (21): | 2.47 | |
| Williams %R (14): | -10.42 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 2.9900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 1.13 |
| MA7: | 2.29 | |
| MA20: | 1.90 | |
| MA50: | 1.95 | |
| MA100: | 1.72 | |
| MAexp7: | 2.45 | |
| MAexp20: | 2.42 | |
| MAexp50: | 2.36 | |
| MAexp100: | 2.29 | |
| Price / MA7: | +10.92% | |
| Price / MA20: | +33.68% | |
| Price / MA50: | +30.26% | |
| Price / MA100: | +47.67% | |
| Price / MAexp7: | +3.67% | |
| Price / MAexp20: | +4.96% | |
| Price / MAexp50: | +7.63% | |
| Price / MAexp100: | +10.92% |
Quotes :
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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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