GITCOIN - GTC/USD - 1H - Technical analysis published on 06/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
28%
33%
39%
My opinion
Bearish under 0.979982 USD
My targets
0.947557 USD (-2.31%)
0.929701 USD (-4.15%)
My analysis
In the short term, we can see an acceleration in the bearish trend on GITCOIN - GTC/USD, which is a positive signal for sellers. As long as the price remains above 0.979982 USD, a sale could be considered. The first bearish objective is located at 0.947557 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.929701 USD as an objective. Crossing it would then enable sellers to target 0.900245 USD. If the price were to return above 0.979982 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
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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 GITCOIN - GTC/USD price is 0.970000 USD. The price has increased by +0.00% since the last closing and was between 0.970000 USD and 0.990000 USD. This implies that the price is at 0% from its lowest and at -2.02% from its highest.0.970000
0.990000
0.970000
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of GITCOIN - GTC/USD indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 7 are neutral and 6 are bearish. The Central Indicators scanner found this result concerning these indicators:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.900245 | 0.929701 | 0.947557 | 0.970000 | 0.979982 | 0.990099 | 1.009958 |
| Change (%) | -7.19% | -4.15% | -2.31% | - | +1.03% | +2.07% | +4.12% |
| Change | -0.069755 | -0.040299 | -0.022443 | - | +0.009982 | +0.020099 | +0.039958 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Intermediate |
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 | 0.903000 | 0.937000 | 0.953000 | 0.987000 | 1.003000 | 1.037000 | 1.053000 |
| Camarilla | 0.956000 | 0.961000 | 0.965000 | 0.970000 | 0.975000 | 0.979000 | 0.984000 |
| Woodie | 0.895000 | 0.933000 | 0.945000 | 0.983000 | 0.995000 | 1.033000 | 1.045000 |
| Fibonacci | 0.937000 | 0.956000 | 0.968000 | 0.987000 | 1.006000 | 1.018000 | 1.037000 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.627000 | 0.773000 | 0.887000 | 1.033000 | 1.147000 | 1.293000 | 1.407000 |
| Camarilla | 0.929000 | 0.952000 | 0.976000 | 1.000000 | 1.024000 | 1.048000 | 1.072000 |
| Woodie | 0.610000 | 0.765000 | 0.870000 | 1.025000 | 1.130000 | 1.285000 | 1.390000 |
| Fibonacci | 0.773000 | 0.873000 | 0.934000 | 1.033000 | 1.133000 | 1.194000 | 1.293000 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.817000 | 0.953000 | 1.177000 | 1.313000 | 1.537000 | 1.673000 | 1.897000 |
| Camarilla | 1.301000 | 1.334000 | 1.367000 | 1.400000 | 1.433000 | 1.466000 | 1.499000 |
| Woodie | 0.860000 | 0.975000 | 1.220000 | 1.335000 | 1.580000 | 1.695000 | 1.940000 |
| Fibonacci | 0.953000 | 1.091000 | 1.176000 | 1.313000 | 1.451000 | 1.536000 | 1.673000 |
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): | 46.08 | |
| MACD (12,26,9): | -0.0053 | |
| Directional Movement: | -10.950072 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.976391 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.984251 | |
| Elder Ray (13): | -0.000452 | |
| Super Trend (3,10): | 1.007332 | |
| Zig ZAG (10): | 0.979900 | |
| VORTEX (21): | 0.9046 | |
| Stochastique (14,3,5): | 38.30 | |
| TEMA (21): | 0.973055 | |
| Williams %R (14): | -50.99 | |
| Chande Momentum Oscillator (20): | 0.000200 | |
| Repulse (5,40,3): | 0.3993 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0846 | |
| Courbe Coppock: | 2.21 |
| MA7: | 0.978086 | |
| MA20: | 1.071995 | |
| MA50: | 1.242940 | |
| MA100: | 1.374533 | |
| MAexp7: | 0.978424 | |
| MAexp20: | 0.983247 | |
| MAexp50: | 0.988249 | |
| MAexp100: | 0.987504 | |
| Price / MA7: | -0.83% | |
| Price / MA20: | -9.51% | |
| Price / MA50: | -21.96% | |
| Price / MA100: | -29.43% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -1.35% | |
| Price / MAexp50: | -1.85% | |
| Price / MAexp100: | -1.77% |
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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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