GYEN - GYEN/USD
GYEN - GYEN/USD
- USD (-)
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Type: Cryptocurrencies
Ticker: GYENUSD
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GYEN - GYEN/USD - 1H - Technical analysis published on 08/20/2022 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Strongly bearish
Technical indicators
50%
22%
28%
My opinion
Bearish under 0.007368 USD
My targets
0.007140 USD (-1.53%)
My analysis
GYEN - GYEN/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 0.007368 USD. The next support located at 0.007140 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.2

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:
Daily Weekly

Additional analysis

Quotes

The GYEN - GYEN/USD rating is 0.007251 USD. The price registered a decrease of -0.03% on the session and was between 0.007251 USD and 0.007254 USD. This implies that the price is at 0% from its lowest and at -0.04% from its highest.

0.007251
0.007254
0.007251

Here is a more detailed summary of the historical variations registered by GYEN - GYEN/USD:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GYEN - GYEN/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.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S2
S1
R1
R2
R3
Price


S2S1PriceR1R2R3
ProTrendLines 0.007140 0.007244 0.007251 0.007368 0.007419 0.007460
Change (%) -1.53% -0.10% - +1.61% +2.32% +2.88%
Change -0.000111 -0.000007 - +0.000117 +0.000168 +0.000209
Level Intermediate Intermediate - Major Minor Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0071690.0072060.0072300.0072670.0072910.0073280.007352
Camarilla0.0072360.0072420.0072470.0072530.0072590.0072640.007270
Woodie0.0071620.0072030.0072230.0072640.0072840.0073250.007345
Fibonacci0.0072060.0072300.0072440.0072670.0072910.0073050.007328


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0071360.0072310.0073580.0074530.0075800.0076750.007802
Camarilla0.0074240.0074440.0074650.0074850.0075050.0075260.007546
Woodie0.0071520.0072390.0073740.0074610.0075960.0076830.007818
Fibonacci0.0072310.0073160.0073680.0074530.0075380.0075900.007675


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0068930.0070110.0072350.0073530.0075770.0076950.007919
Camarilla0.0073660.0073970.0074290.0074600.0074910.0075230.007554
Woodie0.0069470.0070380.0072890.0073800.0076310.0077220.007973
Fibonacci0.0070110.0071410.0072220.0073530.0074830.0075640.007695

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): 36.31
MACD (12,26,9): 0.0000
Directional Movement: -21.480996
AROON (14): 0
DEMA (21): 0.007242
Parabolic SAR (0,02-0,02-0,2): 0.007251
Elder Ray (13): -0.000003
Super Trend (3,10): 0.007270
Zig ZAG (10): 0.007253
VORTEX (21): 0.7294
Stochastique (14,3,5): 52.94
TEMA (21): 0.007247
Williams %R (14): -47.06
Chande Momentum Oscillator (20): 0.000009
Repulse (5,40,3): -0.0121
ROCnROLL: 2
TRIX (15,9): -0.0333
Courbe Coppock: 0.18
MA7: 0.007359
MA20: 0.007408
MA50: 0.007328
MA100: 0.007445
MAexp7: 0.007253
MAexp20: 0.007263
MAexp50: 0.007296
MAexp100: 0.007337
Price / MA7: -1.47%
Price / MA20: -2.12%
Price / MA50: -1.05%
Price / MA100: -2.61%
Price / MAexp7: -0.03%
Price / MAexp20: -0.17%
Price / MAexp50: -0.62%
Price / MAexp100: -1.17%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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