THE GRAPH - GRT/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	GRTUSD
ISIN:

THE GRAPH - GRT/USD - Daily - Technical analysis published on 04/22/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Neutral

Technical indicators

22%

50%

28%

My opinion

Bearish under 1.66 USD

My targets

1.39 USD (-12.03%)

1.34 USD (-15.19%)

My analysis

The strong short-term decrease of THE GRAPH - GRT/USD should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 1.66 USD, a sale could be considered. The first bearish objective is located at 1.39 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 1.34 USD. If there is any crossing, the next objective would be support 0.62 USD. Caution, if there is a return to above 1.66 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

THE GRAPH - GRT/USD rating 1.58 USD. The price has increased by +3.27% since the last closing and was between 1.47 USD and 1.62 USD. This implies that the price is at +7.48% from its lowest and at -2.47% from its highest.

1.47

1.62

1.58

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:

Technical

Technical analysis of this Daily chart of THE GRAPH - GRT/USD indicates that the overall trend is not clearly defined. The strong bearish signals currently being given by short-term moving averages could allow the overall trend to return to a bearish trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Weekly

MACD indicator is back under 0

Type : Bearish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Support of channel is broken

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.28	0.62	1.34	1.58	1.66	1.89	2.11
Change (%)	-82.28%	-60.76%	-15.19%	-	+5.06%	+19.62%	+33.54%
Change	-1.30	-0.96	-0.24	-	+0.08	+0.31	+0.53
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.29	1.39	1.46	1.56	1.63	1.73	1.80
Camarilla	1.48	1.50	1.51	1.53	1.55	1.56	1.58
Woodie	1.28	1.38	1.45	1.55	1.62	1.72	1.79
Fibonacci	1.39	1.46	1.50	1.56	1.63	1.67	1.73

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.39	1.59	1.76	1.96	2.13	2.33	2.50
Camarilla	1.83	1.86	1.90	1.93	1.96	2.00	2.03
Woodie	1.38	1.58	1.75	1.95	2.12	2.32	2.49
Fibonacci	1.59	1.73	1.82	1.96	2.10	2.19	2.33

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.37	0.84	1.28	1.75	2.19	2.66	3.10
Camarilla	1.47	1.55	1.64	1.72	1.80	1.89	1.97
Woodie	0.36	0.83	1.27	1.74	2.18	2.65	3.09
Fibonacci	0.84	1.19	1.40	1.75	2.10	2.31	2.66

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	42.45
MACD (12,26,9):	-0.0300
Directional Movement:	-6.66
AROON (14):	-28.57
DEMA (21):	1.74
Parabolic SAR (0,02-0,02-0,2):	2.08
Elder Ray (13):	-0.19
Super Trend (3,10):	1.48
Zig ZAG (10):	1.58
VORTEX (21):	0.9500
Stochastique (14,3,5):	18.59
TEMA (21):	1.68
Williams %R (14):	-79.92
Chande Momentum Oscillator (20):	-0.32
Repulse (5,40,3):	-5.0600
ROCnROLL:	2
TRIX (15,9):	0.1800
Courbe Coppock:	8.13

MA7:	1.70
MA20:	1.80
MA50:	1.76
MA100:	1.49
MAexp7:	1.67
MAexp20:	1.76
MAexp50:	1.71
MAexp100:	1.48
Price / MA7:	-7.06%
Price / MA20:	-12.22%
Price / MA50:	-10.23%
Price / MA100:	+6.04%
Price / MAexp7:	-5.39%
Price / MAexp20:	-10.23%
Price / MAexp50:	-7.60%
Price / MAexp100:	+6.76%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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