GITCOIN - GTC/USD - 1H - Technical analysis published on 07/31/2024 (GMT)
- 124
- 0
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 0.836667 USD
My targets
0.781054 USD (-5.89%)
My analysis
The bearish trend is currently very strong for GITCOIN - GTC/USD. As long as the price remains below the resistance at 0.836667 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.781054 USD. The bearish momentum would be revived by a break in this support. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GITCOIN - GTC/USD rating 0.829966 USD. On the day, this instrument lost -0.01% and was between 0.813378 USD and 0.840033 USD. This implies that the price is at +2.04% from its lowest and at -1.20% from its highest.0.813378
0.840033
0.829966
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
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
Technical analysis of GITCOIN - GTC/USD in 1H shows a overall strongly 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Black gravestone / inverted hammer
Type : Bearish
Timeframe : 1 hour
Gravestone doji
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.781054 | 0.829966 | 0.836667 | 0.859895 | 0.889966 |
| Change (%) | -5.89% | - | +0.81% | +3.61% | +7.23% |
| Change | -0.048912 | - | +0.006701 | +0.029929 | +0.060000 |
| Level | Intermediate | - | Major | 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 | 0.666578 | 0.743246 | 0.786641 | 0.863309 | 0.906704 | 0.983372 | 1.026767 |
| Camarilla | 0.797020 | 0.808026 | 0.819031 | 0.830037 | 0.841043 | 0.852049 | 0.863054 |
| Woodie | 0.649943 | 0.734928 | 0.770006 | 0.854991 | 0.890069 | 0.975054 | 1.010132 |
| Fibonacci | 0.743246 | 0.789110 | 0.817445 | 0.863309 | 0.909173 | 0.937508 | 0.983372 |
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 | 0.380713 | 0.640479 | 0.830241 | 1.090007 | 1.279769 | 1.539535 | 1.729297 |
| Camarilla | 0.896383 | 0.937590 | 0.978796 | 1.020003 | 1.061210 | 1.102417 | 1.143623 |
| Woodie | 0.345711 | 0.622978 | 0.795239 | 1.072506 | 1.244767 | 1.522034 | 1.694295 |
| Fibonacci | 0.640479 | 0.812199 | 0.918287 | 1.090007 | 1.261727 | 1.367815 | 1.539535 |
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): | 45.10 | |
| MACD (12,26,9): | -0.0129 | |
| Directional Movement: | -3.314044 | |
| AROON (14): | -85.714286 | |
| DEMA (21): | 0.825822 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.813378 | |
| Elder Ray (13): | -0.000388 | |
| Super Trend (3,10): | 0.862603 | |
| Zig ZAG (10): | 0.829928 | |
| VORTEX (21): | 0.8259 | |
| Stochastique (14,3,5): | 23.35 | |
| TEMA (21): | 0.820218 | |
| Williams %R (14): | -70.78 | |
| Chande Momentum Oscillator (20): | -0.009954 | |
| Repulse (5,40,3): | -1.1891 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.2074 | |
| Courbe Coppock: | 9.39 |
| MA7: | 0.897190 | |
| MA20: | 0.880065 | |
| MA50: | 0.934290 | |
| MA100: | 1.114232 | |
| MAexp7: | 0.829897 | |
| MAexp20: | 0.842289 | |
| MAexp50: | 0.861800 | |
| MAexp100: | 0.881277 | |
| Price / MA7: | -7.49% | |
| Price / MA20: | -5.69% | |
| Price / MA50: | -11.17% | |
| Price / MA100: | -25.51% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | -1.46% | |
| Price / MAexp50: | -3.69% | |
| Price / MAexp100: | -5.82% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis GITCOIN - GTC/USD - 1H