GITCOIN - GTC/USD - 1H - Technical analysis published on 12/05/2023 (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
83%
0%
17%
My opinion
Bullish above 1.18 USD
My targets
1.24 USD (+2.23%)
1.33 USD (+10.17%)
My analysis
The bullish trend is currently very strong on GITCOIN - GTC/USD. As long as the price remains above the support at 1.18 USD, you could try to benefit from the boom. The first bullish objective is located at 1.24 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 1.33 USD as an objective. Crossing it would then enable buyers to target 1.39 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.8
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Additional analysis
Quotes
The GITCOIN - GTC/USD rating is 1.21 USD. The price registered an increase of +5.22% on the session with the lowest point at 1.15 USD and the highest point at 1.21 USD. The deviation from the price is +5.22% for the low point and 0% for the high point.1.15
1.21
1.21
Here is a more detailed summary of the historical variations registered by GITCOIN - GTC/USD:
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this GITCOIN - GTC/USD chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
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:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.08 | 1.13 | 1.18 | 1.21 | 1.39 | 1.46 | 2.26 |
| Change (%) | -10.74% | -6.61% | -2.48% | - | +14.88% | +20.66% | +86.78% |
| Change | -0.13 | -0.08 | -0.03 | - | +0.18 | +0.25 | +1.05 |
| Level | Intermediate | Intermediate | Major | - | Minor | 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 | 0.96 | 1.02 | 1.08 | 1.14 | 1.20 | 1.26 | 1.32 |
| Camarilla | 1.12 | 1.13 | 1.14 | 1.15 | 1.16 | 1.17 | 1.18 |
| Woodie | 0.97 | 1.02 | 1.09 | 1.14 | 1.21 | 1.26 | 1.33 |
| Fibonacci | 1.02 | 1.06 | 1.09 | 1.14 | 1.18 | 1.21 | 1.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.85 | 0.92 | 1.01 | 1.08 | 1.17 | 1.24 | 1.33 |
| Camarilla | 1.07 | 1.08 | 1.10 | 1.11 | 1.13 | 1.14 | 1.15 |
| Woodie | 0.87 | 0.93 | 1.03 | 1.09 | 1.19 | 1.25 | 1.35 |
| Fibonacci | 0.92 | 0.98 | 1.02 | 1.08 | 1.14 | 1.18 | 1.24 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.56 | 0.73 | 0.90 | 1.07 | 1.24 | 1.41 | 1.58 |
| Camarilla | 0.98 | 1.01 | 1.04 | 1.07 | 1.10 | 1.13 | 1.16 |
| Woodie | 0.56 | 0.73 | 0.90 | 1.07 | 1.24 | 1.41 | 1.58 |
| Fibonacci | 0.73 | 0.86 | 0.94 | 1.07 | 1.20 | 1.28 | 1.41 |
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): | 64.50 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 22.03 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.08 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 1.11 | |
| Zig ZAG (10): | 1.19 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 73.69 | |
| TEMA (21): | 1.18 | |
| Williams %R (14): | -29.79 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 6.45 |
| MA7: | 1.12 | |
| MA20: | 1.07 | |
| MA50: | 1.01 | |
| MA100: | 0.96 | |
| MAexp7: | 1.17 | |
| MAexp20: | 1.15 | |
| MAexp50: | 1.13 | |
| MAexp100: | 1.11 | |
| Price / MA7: | +8.04% | |
| Price / MA20: | +13.08% | |
| Price / MA50: | +19.80% | |
| Price / MA100: | +26.04% | |
| Price / MAexp7: | +3.42% | |
| Price / MAexp20: | +5.22% | |
| Price / MAexp50: | +7.08% | |
| Price / MAexp100: | +9.01% |
Quotes :
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Real time data
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