GATECHAIN TOKEN - GT/USD - 1H - Technical analysis published on 04/19/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
44%
11%
44%
My opinion
Bearish under 7.07 USD
My targets
6.57 USD (-1.60%)
6.29 USD (-5.84%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GATECHAIN TOKEN - GT/USD. As long as you are under the resistance located at 7.07 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 6.57 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 6.29 USD as an objective. Crossing it would then enable sellers to target 5.62 USD. If the resistance 7.07 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GATECHAIN TOKEN - GT/USD price is 6.68 USD. The price registered a decrease of -0.89% on the session and was between 6.42 USD and 6.74 USD. This implies that the price is at +4.05% from its lowest and at -0.89% from its highest.6.42
6.74
6.68
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of GATECHAIN TOKEN - GT/USD indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral signals currently being given by 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, only 8 technical indicators out of 18 analysed are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.62 | 6.29 | 6.64 | 6.68 | 7.07 | 7.32 | 7.71 |
| Change (%) | -15.87% | -5.84% | -0.60% | - | +5.84% | +9.58% | +15.42% |
| Change | -1.06 | -0.39 | -0.04 | - | +0.39 | +0.64 | +1.03 |
| Level | Major | Minor | Intermediate | - | Intermediate | Major | Minor |
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 | 5.87 | 6.08 | 6.41 | 6.62 | 6.95 | 7.16 | 7.49 |
| Camarilla | 6.59 | 6.64 | 6.69 | 6.74 | 6.79 | 6.84 | 6.89 |
| Woodie | 5.93 | 6.11 | 6.47 | 6.65 | 7.01 | 7.19 | 7.55 |
| Fibonacci | 6.08 | 6.29 | 6.41 | 6.62 | 6.83 | 6.95 | 7.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.27 | 5.45 | 6.20 | 7.38 | 8.13 | 9.31 | 10.06 |
| Camarilla | 6.42 | 6.60 | 6.77 | 6.95 | 7.13 | 7.30 | 7.48 |
| Woodie | 4.06 | 5.34 | 5.99 | 7.27 | 7.92 | 9.20 | 9.85 |
| Fibonacci | 5.45 | 6.19 | 6.64 | 7.38 | 8.12 | 8.57 | 9.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.08 | 2.54 | 6.57 | 9.03 | 13.06 | 15.52 | 19.55 |
| Camarilla | 8.83 | 9.42 | 10.02 | 10.61 | 11.21 | 11.80 | 12.40 |
| Woodie | 0.88 | 2.93 | 7.37 | 9.42 | 13.86 | 15.91 | 20.35 |
| Fibonacci | 2.54 | 5.02 | 6.55 | 9.03 | 11.51 | 13.04 | 15.52 |
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): | 51.78 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | -11.29 | |
| AROON (14): | -35.72 | |
| DEMA (21): | 6.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.77 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 6.77 | |
| Zig ZAG (10): | 6.68 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 65.03 | |
| TEMA (21): | 6.69 | |
| Williams %R (14): | -36.24 | |
| Chande Momentum Oscillator (20): | -0.09 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.47 |
| MA7: | 6.87 | |
| MA20: | 7.77 | |
| MA50: | 7.32 | |
| MA100: | 6.05 | |
| MAexp7: | 6.67 | |
| MAexp20: | 6.67 | |
| MAexp50: | 6.70 | |
| MAexp100: | 6.82 | |
| Price / MA7: | -2.77% | |
| Price / MA20: | -14.03% | |
| Price / MA50: | -8.74% | |
| Price / MA100: | +10.41% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.15% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -2.05% |
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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