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 - 1H - Technical analysis published on 12/05/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 0.3238 EUR

My targets

0.3350 EUR (+3.08%)

0.3672 EUR (+12.98%)

My analysis

The bullish trend is currently very strong on THE BLOCKCHAIN GP. As long as the price remains above the support at 0.3238 EUR, you could try to benefit from the boom. The first bullish objective is located at 0.3350 EUR. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.3672 EUR as an objective. Crossing it would then enable buyers to target 0.5763 EUR. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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 bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

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 THE BLOCKCHAIN GP price is 0.3250 EUR. On the day, this instrument gained +9.43% with the lowest point at 0.3190 EUR and the highest point at 0.3350 EUR. The deviation from the price is +1.88% for the low point and -2.99% for the high point.

0.3190

0.3350

0.3250

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

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 for higher/lower results shows the following items:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

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:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of THE BLOCKCHAIN GP in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish 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 shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.2146	0.2700	0.2894	0.3250	0.3350	0.5763	0.9920
Change (%)	-33.97%	-16.92%	-10.95%	-	+3.08%	+77.32%	+205.23%
Change	-0.1104	-0.0550	-0.0356	-	+0.0100	+0.2513	+0.6670
Level	Major	Intermediate	Major	-	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
Standard	0.2448	0.2557	0.2763	0.2872	0.3078	0.3187	0.3393
Camarilla	0.2883	0.2912	0.2941	0.2970	0.2999	0.3028	0.3057
Woodie	0.2498	0.2581	0.2813	0.2896	0.3128	0.3211	0.3443
Fibonacci	0.2557	0.2677	0.2751	0.2872	0.2992	0.3066	0.3187

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.1588	0.2022	0.2413	0.2847	0.3238	0.3672	0.4063
Camarilla	0.2578	0.2654	0.2729	0.2805	0.2881	0.2956	0.3032
Woodie	0.1568	0.2011	0.2393	0.2836	0.3218	0.3661	0.4043
Fibonacci	0.2022	0.2337	0.2532	0.2847	0.3162	0.3357	0.3672

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.0447	0.0474	0.1639	0.2560	0.3725	0.4646	0.5811
Camarilla	0.2231	0.2423	0.2614	0.2805	0.2996	0.3187	0.3379
Woodie	-0.0324	0.0535	0.1762	0.2621	0.3848	0.4707	0.5934
Fibonacci	0.0474	0.1271	0.1763	0.2560	0.3357	0.3849	0.4646

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):	73.02
MACD (12,26,9):	0.0118
Directional Movement:	28.1629
AROON (14):	85.7143
DEMA (21):	0.3062
Parabolic SAR (0,02-0,02-0,2):	0.2893
Elder Ray (13):	0.0263
Super Trend (3,10):	0.2897
Zig ZAG (10):	0.3255
VORTEX (21):	1.0791
Stochastique (14,3,5):	85.66
TEMA (21):	0.3166
Williams %R (14):	-13.01
Chande Momentum Oscillator (20):	0.0545
Repulse (5,40,3):	0.8082
ROCnROLL:	1
TRIX (15,9):	0.3537
Courbe Coppock:	30.63

MA7:	0.2873
MA20:	0.2771
MA50:	0.1877
MA100:	0.1571
MAexp7:	0.3100
MAexp20:	0.2936
MAexp50:	0.2839
MAexp100:	0.2771
Price / MA7:	+13.12%
Price / MA20:	+17.29%
Price / MA50:	+73.15%
Price / MA100:	+106.87%
Price / MAexp7:	+4.84%
Price / MAexp20:	+10.69%
Price / MAexp50:	+14.48%
Price / MAexp100:	+17.29%

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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