GITCOIN - GTC/USD - 1H - Technical analysis published on 10/03/2024 (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
11%
50%
39%
My opinion
Bearish under 0.640079 USD
My targets
0.593079 USD (-4.37%)
My analysis
GITCOIN - GTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.640079 USD. The next support located at 0.593079 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
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
7.3
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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 rating is 0.620180 USD. On the day, this instrument gained +0.00% with the lowest point at 0.620144 USD and the highest point at 0.630134 USD. The deviation from the price is +0.01% for the low point and -1.58% for the high point.0.620144
0.630134
0.620180
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
Here is a more detailed summary of the historical variations registered by GITCOIN - GTC/USD:
Technical
Technical analysis of this 1H chart of GITCOIN - GTC/USD indicates that the overall trend is strongly bearish. 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.
In fact, only 9 technical indicators out of 18 studied are currently bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.593079 | 0.620180 | 0.640079 | 0.670013 | 0.690016 |
| Change (%) | -4.37% | - | +3.21% | +8.04% | +11.26% |
| Change | -0.027101 | - | +0.019899 | +0.049833 | +0.069836 |
| Level | Intermediate | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.511854 | 0.561288 | 0.590734 | 0.640168 | 0.669614 | 0.719048 | 0.748494 |
| Camarilla | 0.598489 | 0.605720 | 0.612950 | 0.620181 | 0.627412 | 0.634642 | 0.641873 |
| Woodie | 0.501861 | 0.556291 | 0.580741 | 0.635171 | 0.659621 | 0.714051 | 0.738501 |
| Fibonacci | 0.561288 | 0.591420 | 0.610036 | 0.640168 | 0.670300 | 0.688916 | 0.719048 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.517339 | 0.563852 | 0.616982 | 0.663495 | 0.716625 | 0.763138 | 0.816268 |
| Camarilla | 0.642709 | 0.651843 | 0.660977 | 0.670111 | 0.679245 | 0.688379 | 0.697513 |
| Woodie | 0.520647 | 0.565506 | 0.620290 | 0.665149 | 0.719933 | 0.764792 | 0.819576 |
| Fibonacci | 0.563852 | 0.601916 | 0.625432 | 0.663495 | 0.701559 | 0.725075 | 0.763138 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.347720 | 0.434135 | 0.537180 | 0.623595 | 0.726640 | 0.813055 | 0.916100 |
| Camarilla | 0.588125 | 0.605492 | 0.622859 | 0.640226 | 0.657593 | 0.674960 | 0.692328 |
| Woodie | 0.356036 | 0.438293 | 0.545496 | 0.627753 | 0.734956 | 0.817213 | 0.924416 |
| Fibonacci | 0.434135 | 0.506508 | 0.551221 | 0.623595 | 0.695968 | 0.740681 | 0.813055 |
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): | 43.92 | |
| MACD (12,26,9): | -0.0046 | |
| Directional Movement: | 1.077366 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.625053 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.634945 | |
| Elder Ray (13): | -0.007828 | |
| Super Trend (3,10): | 0.660066 | |
| Zig ZAG (10): | 0.620184 | |
| VORTEX (21): | 0.9418 | |
| Stochastique (14,3,5): | 25.88 | |
| TEMA (21): | 0.623676 | |
| Williams %R (14): | -80.73 | |
| Chande Momentum Oscillator (20): | -0.010319 | |
| Repulse (5,40,3): | -1.0874 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0614 | |
| Courbe Coppock: | 5.24 |
| MA7: | 0.647367 | |
| MA20: | 0.637698 | |
| MA50: | 0.624952 | |
| MA100: | 0.721435 | |
| MAexp7: | 0.627116 | |
| MAexp20: | 0.630553 | |
| MAexp50: | 0.638499 | |
| MAexp100: | 0.647335 | |
| Price / MA7: | -4.20% | |
| Price / MA20: | -2.75% | |
| Price / MA50: | -0.76% | |
| Price / MA100: | -14.04% | |
| Price / MAexp7: | -1.11% | |
| Price / MAexp20: | -1.65% | |
| Price / MAexp50: | -2.87% | |
| Price / MAexp100: | -4.19% |
Quotes :
-
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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