GITCOIN - GTC/USD - 1H - Technical analysis published on 07/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
44%
39%
My opinion
Bearish under 0.890019 USD
My targets
0.836667 USD (-3.82%)
0.781054 USD (-10.21%)
My analysis
The bearish trend is currently very strong for GITCOIN - GTC/USD. As long as the price remains below the resistance at 0.890019 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.836667 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.781054 USD as an objective. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. 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 bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GITCOIN - GTC/USD rating 0.869875 USD. The price is lower by -0.01% since the last closing and was between 0.840368 USD and 0.889855 USD. This implies that the price is at +3.51% from its lowest and at -2.25% from its highest.0.840368
0.889855
0.869875
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in 1H of this GITCOIN - GTC/USD chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 8 technical indicators out of 18 studied are currently positioned bearish. Other results related to technical indicators were also found by the Central Indicators scanner:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 0.781054 | 0.836667 | 0.869875 | 0.890019 | 0.940054 | 0.980106 |
| Change (%) | -10.21% | -3.82% | - | +2.32% | +8.07% | +12.67% |
| Change | -0.088821 | -0.033208 | - | +0.020144 | +0.070179 | +0.110231 |
| Level | Minor | Major | - | Intermediate | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.676617 | 0.763295 | 0.816614 | 0.903292 | 0.956611 | 1.043289 | 1.096608 |
| Camarilla | 0.831433 | 0.844266 | 0.857099 | 0.869932 | 0.882765 | 0.895598 | 0.908431 |
| Woodie | 0.659937 | 0.754955 | 0.799934 | 0.894952 | 0.939931 | 1.034949 | 1.079928 |
| Fibonacci | 0.763295 | 0.816774 | 0.849814 | 0.903292 | 0.956771 | 0.989811 | 1.043289 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.628399 | 0.704727 | 0.837337 | 0.913665 | 1.046275 | 1.122603 | 1.255213 |
| Camarilla | 0.912490 | 0.931643 | 0.950795 | 0.969948 | 0.989101 | 1.008253 | 1.027406 |
| Woodie | 0.656541 | 0.718798 | 0.865479 | 0.927736 | 1.074417 | 1.136674 | 1.283355 |
| Fibonacci | 0.704727 | 0.784541 | 0.833850 | 0.913665 | 0.993479 | 1.042788 | 1.122603 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.340229 | 0.620237 | 0.820120 | 1.100128 | 1.300011 | 1.580019 | 1.779902 |
| Camarilla | 0.888033 | 0.932023 | 0.976013 | 1.020003 | 1.063993 | 1.107983 | 1.151973 |
| Woodie | 0.300167 | 0.600206 | 0.780058 | 1.080097 | 1.259949 | 1.559988 | 1.739840 |
| Fibonacci | 0.620237 | 0.803555 | 0.916810 | 1.100128 | 1.283446 | 1.396701 | 1.580019 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 36.61 | |
| MACD (12,26,9): | -0.0176 | |
| Directional Movement: | -9.199201 | |
| AROON (14): | -71.428571 | |
| DEMA (21): | 0.855105 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.886945 | |
| Elder Ray (13): | -0.005156 | |
| Super Trend (3,10): | 0.915701 | |
| Zig ZAG (10): | 0.860285 | |
| VORTEX (21): | 0.8459 | |
| Stochastique (14,3,5): | 47.46 | |
| TEMA (21): | 0.851336 | |
| Williams %R (14): | -59.74 | |
| Chande Momentum Oscillator (20): | -0.009557 | |
| Repulse (5,40,3): | -0.4383 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3200 | |
| Courbe Coppock: | 6.66 |
| MA7: | 0.917198 | |
| MA20: | 0.878055 | |
| MA50: | 0.952683 | |
| MA100: | 1.123375 | |
| MAexp7: | 0.864912 | |
| MAexp20: | 0.879359 | |
| MAexp50: | 0.906314 | |
| MAexp100: | 0.916979 | |
| Price / MA7: | -5.16% | |
| Price / MA20: | -0.93% | |
| Price / MA50: | -8.69% | |
| Price / MA100: | -22.57% | |
| Price / MAexp7: | +0.57% | |
| Price / MAexp20: | -1.08% | |
| Price / MAexp50: | -4.02% | |
| Price / MAexp100: | -5.14% |
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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