GITCOIN - GTC/USD - 1H - Technical analysis published on 01/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Strongly bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 1.44 USD
My targets
1.37 USD (-0.72%)
1.31 USD (-5.07%)
My analysis
The basic trend is very bearish on GITCOIN - GTC/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on GITCOIN - GTC/USD. As long as you stay below the resistance 1.44 USD, sellers' retain the upper hand. A break in the support at 1.37 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 1.31 USD as an objective. Crossing it would then enable sellers to target 1.20 USD. If the price were to depress the resistance 1.44 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
2.7
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Additional analysis
Quotes
The GITCOIN - GTC/USD rating is 1.38 USD. The price registered an increase of +2.22% on the session and was traded between 1.35 USD and 1.42 USD over the period. The price is currently at +2.22% from its lowest and -2.82% from its highest.1.35
1.42
1.38
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of GITCOIN - GTC/USD in 1H shows a overall strongly bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase are moderate given the direction of the technical indicators.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 1.20 | 1.31 | 1.37 | 1.38 | 1.44 | 1.53 | 1.58 |
| Change (%) | -13.04% | -5.07% | -0.72% | - | +4.35% | +10.87% | +14.49% |
| Change | -0.18 | -0.07 | -0.01 | - | +0.06 | +0.15 | +0.20 |
| Level | Major | Minor | Minor | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.23 | 1.28 | 1.32 | 1.37 | 1.41 | 1.46 | 1.50 |
| Camarilla | 1.33 | 1.33 | 1.34 | 1.35 | 1.36 | 1.37 | 1.38 |
| Woodie | 1.22 | 1.28 | 1.31 | 1.37 | 1.40 | 1.46 | 1.49 |
| Fibonacci | 1.28 | 1.32 | 1.34 | 1.37 | 1.41 | 1.43 | 1.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 1.01 | 1.15 | 1.29 | 1.43 | 1.57 | 1.71 | 1.85 |
| Camarilla | 1.34 | 1.37 | 1.39 | 1.42 | 1.45 | 1.47 | 1.50 |
| Woodie | 1.00 | 1.15 | 1.28 | 1.43 | 1.56 | 1.71 | 1.84 |
| Fibonacci | 1.15 | 1.26 | 1.33 | 1.43 | 1.54 | 1.61 | 1.71 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.53 | 0.78 | 1.07 | 1.32 | 1.61 | 1.86 | 2.15 |
| Camarilla | 1.20 | 1.25 | 1.30 | 1.35 | 1.40 | 1.45 | 1.50 |
| Woodie | 0.54 | 0.79 | 1.08 | 1.33 | 1.62 | 1.87 | 2.16 |
| Fibonacci | 0.78 | 0.99 | 1.12 | 1.32 | 1.53 | 1.66 | 1.86 |
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): | 53.79 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 6.71 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 1.38 | |
| Parabolic SAR (0,02-0,02-0,2): | 1.34 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 1.41 | |
| Zig ZAG (10): | 1.40 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 70.66 | |
| TEMA (21): | 1.38 | |
| Williams %R (14): | -37.66 | |
| Chande Momentum Oscillator (20): | 0.01 | |
| Repulse (5,40,3): | -0.4900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.1100 | |
| Courbe Coppock: | 0.28 |
| MA7: | 1.43 | |
| MA20: | 1.29 | |
| MA50: | 1.17 | |
| MA100: | 1.05 | |
| MAexp7: | 1.39 | |
| MAexp20: | 1.39 | |
| MAexp50: | 1.40 | |
| MAexp100: | 1.41 | |
| Price / MA7: | -3.50% | |
| Price / MA20: | +6.98% | |
| Price / MA50: | +17.95% | |
| Price / MA100: | +31.43% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -1.43% | |
| Price / MAexp100: | -2.13% |
Quotes :
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Real time data
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