GITCOIN - GTC/USD - 1H - Technical analysis published on 12/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
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 (+3.33%)
1.26 USD (+5.00%)
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 1.26 USD as an objective. Crossing it would then enable buyers to target 2.26 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
GITCOIN - GTC/USD rating 1.20 USD. On the day, this instrument gained +9.09% and was traded between 1.10 USD and 1.22 USD over the period. The price is currently at +9.09% from its lowest and -1.64% from its highest.1.10
1.22
1.20
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of this 1H chart of GITCOIN - GTC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
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
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.12 | 1.16 | 1.18 | 1.20 | 1.26 | 2.26 | 5.25 |
| Change (%) | -6.67% | -3.33% | -1.67% | - | +5.00% | +88.33% | +337.50% |
| Change | -0.08 | -0.04 | -0.02 | - | +0.06 | +1.06 | +4.05 |
| Level | Minor | Major | Major | - | Minor | 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 | 1.01 | 1.05 | 1.08 | 1.12 | 1.15 | 1.19 | 1.22 |
| Camarilla | 1.08 | 1.09 | 1.09 | 1.10 | 1.11 | 1.11 | 1.12 |
| Woodie | 1.00 | 1.05 | 1.07 | 1.12 | 1.14 | 1.19 | 1.21 |
| Fibonacci | 1.05 | 1.08 | 1.10 | 1.12 | 1.15 | 1.17 | 1.19 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.88 | 0.97 | 1.08 | 1.17 | 1.28 | 1.37 | 1.48 |
| Camarilla | 1.14 | 1.15 | 1.17 | 1.19 | 1.21 | 1.23 | 1.25 |
| Woodie | 0.89 | 0.98 | 1.09 | 1.18 | 1.29 | 1.38 | 1.49 |
| Fibonacci | 0.97 | 1.05 | 1.09 | 1.17 | 1.25 | 1.29 | 1.37 |
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): | 63.93 | |
| MACD (12,26,9): | 0.0200 | |
| Directional Movement: | 17.82 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 1.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.17 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.15 | |
| Zig ZAG (10): | 1.20 | |
| VORTEX (21): | 1.2200 | |
| Stochastique (14,3,5): | 81.70 | |
| TEMA (21): | 1.20 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.06 | |
| Repulse (5,40,3): | 0.1000 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 11.12 |
| MA7: | 1.15 | |
| MA20: | 1.13 | |
| MA50: | 1.08 | |
| MA100: | 0.99 | |
| MAexp7: | 1.19 | |
| MAexp20: | 1.17 | |
| MAexp50: | 1.16 | |
| MAexp100: | 1.15 | |
| Price / MA7: | +4.35% | |
| Price / MA20: | +6.19% | |
| Price / MA50: | +11.11% | |
| Price / MA100: | +21.21% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +2.56% | |
| Price / MAexp50: | +3.45% | |
| Price / MAexp100: | +4.35% |
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.
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