THE BLOCKCHAIN GP

- EUR (-)

- 15 min delayed data - Euronext Paris

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	ALTBG
ISIN:	FR0011053636

THE BLOCKCHAIN GP - Daily - Technical analysis published on 10/18/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 0.1598 EUR

My targets

0.1216 EUR (-9.25%)

0.1138 EUR (-15.07%)

My analysis

The bearish trend is currently very strong for THE BLOCKCHAIN GP. As long as the price remains below the resistance at 0.1598 EUR, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.1216 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.1138 EUR 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 are neutral, but do not change the general bearish opinion of this analysis.

Force

6.8

Comment on the analysis

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.

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Additional analysis

Quotes

THE BLOCKCHAIN GP rating 0.1340 EUR. The price has increased by +11.67% since the last closing and was traded between 0.1212 EUR and 0.1340 EUR over the period. The price is currently at +10.56% from its lowest and 0% from its highest.

0.1212

0.1340

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of THE BLOCKCHAIN GP indicates that the overall trend is strongly bearish. 85.71% 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, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 2 are neutral and 12 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Bullish harami

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.1138	0.1340	0.1845	0.2570	0.3670
Change (%)	-15.07%	-	+37.69%	+91.79%	+173.88%
Change	-0.0202	-	+0.0505	+0.1230	+0.2330
Level	Intermediate	-	Intermediate	Intermediate	Minor

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
Standard	0.0957	0.1073	0.1137	0.1253	0.1317	0.1433	0.1497
Camarilla	0.1151	0.1167	0.1184	0.1200	0.1217	0.1233	0.1250
Woodie	0.0930	0.1060	0.1110	0.1240	0.1290	0.1420	0.1470
Fibonacci	0.1073	0.1142	0.1185	0.1253	0.1322	0.1365	0.1433

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.0827	0.1023	0.1207	0.1403	0.1587	0.1783	0.1967
Camarilla	0.1286	0.1320	0.1355	0.1390	0.1425	0.1460	0.1495
Woodie	0.0820	0.1020	0.1200	0.1400	0.1580	0.1780	0.1960
Fibonacci	0.1023	0.1169	0.1258	0.1403	0.1549	0.1638	0.1783

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.0416	0.0798	0.1216	0.1598	0.2016	0.2398	0.2816
Camarilla	0.1414	0.1487	0.1561	0.1634	0.1707	0.1781	0.1854
Woodie	0.0434	0.0807	0.1234	0.1607	0.2034	0.2407	0.2834
Fibonacci	0.0798	0.1104	0.1292	0.1598	0.1904	0.2092	0.2398

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):	42.51
MACD (12,26,9):	-0.0057
Directional Movement:	-10.9319
AROON (14):	-92.8571
DEMA (21):	0.1403
Parabolic SAR (0,02-0,02-0,2):	0.1499
Elder Ray (13):	-0.0168
Super Trend (3,10):	0.1739
Zig ZAG (10):	0.1282
VORTEX (21):	0.8425
Stochastique (14,3,5):	16.21
TEMA (21):	0.1327
Williams %R (14):	-81.96
Chande Momentum Oscillator (20):	-0.0396
Repulse (5,40,3):	-10.6982
ROCnROLL:	2
TRIX (15,9):	0.0011
Courbe Coppock:	42.57

MA7:	0.1335
MA20:	0.1546
MA50:	0.1416
MA100:	0.1515
MAexp7:	0.1359
MAexp20:	0.1451
MAexp50:	0.1493
MAexp100:	0.1676
Price / MA7:	+0.37%
Price / MA20:	-13.32%
Price / MA50:	-5.37%
Price / MA100:	-11.55%
Price / MAexp7:	-1.40%
Price / MAexp20:	-7.65%
Price / MAexp50:	-10.25%
Price / MAexp100:	-20.05%

Quotes : - 15 min delayed data - Euronext Paris

News

The latest news and videos published on THE BLOCKCHAIN GP at the time of the analysis were as follows:

LeadMedia Group

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

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