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GYEN - GYEN/USD
GYEN - GYEN/USD
- USD (-)
- Real time data - Cryptocompare
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: GYENUSD
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GYEN - GYEN/USD - 1H - Technical analysis published on 03/03/2024 (GMT)

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Londinia
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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
17%
50%
33%
My opinion
Bearish under 0.006565 USD
My targets
0.006443 USD (-1.11%)
0.006116 USD (-6.12%)
My analysis
The bearish trend is currently very strong for GYEN - GYEN/USD. As long as the price remains below the resistance at 0.006565 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.006443 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.006116 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, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
7.1

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Londinia
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Daily Weekly

Additional analysis

Quotes

The GYEN - GYEN/USD rating is 0.006515 USD. The price registered a decrease of -0.09% on the session and was traded between 0.006483 USD and 0.006571 USD over the period. The price is currently at +0.49% from its lowest and -0.85% from its highest.

0.006483
0.006571
0.006515

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



The Central Volumes scanner notes the presence of abnormal volumes:

Central Volumes

Abnormal volumes

Timeframe : 5 days

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. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators shows a slightly bearish signal.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : 1 hour


Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : 1 hour


Ichimoku : price is under the cloud

Type : Bearish

Timeframe : 1 hour


MACD indicator is back under 0

Type : Bearish

Timeframe : 1 hour



Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Near support of channel

Type : Bullish

Timeframe : 1 hour



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.006116 0.006443 0.006513 0.006515 0.006529 0.006565 0.006602
Change (%) -6.12% -1.11% -0.03% - +0.21% +0.77% +1.34%
Change -0.000399 -0.000072 -0.000002 - +0.000014 +0.000050 +0.000087
Level Major Minor Minor - Minor Major Minor



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
Standard0.0063320.0064160.0064690.0065530.0066060.0066900.006743
Camarilla0.0064830.0064960.0065080.0065210.0065340.0065460.006559
Woodie0.0063160.0064080.0064530.0065450.0065900.0066820.006727
Fibonacci0.0064160.0064690.0065010.0065530.0066060.0066380.006690


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0062970.0063990.0064600.0065620.0066230.0067250.006786
Camarilla0.0064760.0064910.0065060.0065210.0065360.0065510.006566
Woodie0.0062770.0063890.0064400.0065520.0066030.0067150.006766
Fibonacci0.0063990.0064610.0065000.0065620.0066240.0066630.006725


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.0055640.0058320.0062220.0064900.0068800.0071480.007538
Camarilla0.0064310.0064910.0065520.0066120.0066720.0067330.006793
Woodie0.0056250.0058630.0062830.0065210.0069410.0071790.007599
Fibonacci0.0058320.0060830.0062390.0064900.0067410.0068970.007148

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 43.54
MACD (12,26,9): 0.0000
Directional Movement: -2.312839
AROON (14): -50.000000
DEMA (21): 0.006532
Parabolic SAR (0,02-0,02-0,2): 0.006570
Elder Ray (13): -0.000013
Super Trend (3,10): 0.006633
Zig ZAG (10): 0.006515
VORTEX (21): 0.9945
Stochastique (14,3,5): 22.61
TEMA (21): 0.006537
Williams %R (14): -94.92
Chande Momentum Oscillator (20): -0.000020
Repulse (5,40,3): -0.2586
ROCnROLL: 2
TRIX (15,9): -0.0135
Courbe Coppock: 0.09
MA7: 0.006587
MA20: 0.006627
MA50: 0.006585
MA100: 0.006714
MAexp7: 0.006536
MAexp20: 0.006541
MAexp50: 0.006557
MAexp100: 0.006577
Price / MA7: -1.09%
Price / MA20: -1.69%
Price / MA50: -1.06%
Price / MA100: -2.96%
Price / MAexp7: -0.32%
Price / MAexp20: -0.40%
Price / MAexp50: -0.64%
Price / MAexp100: -0.94%

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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Londinia
Londinia AI

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