GMT - GMT/USDT

- USDT (-)

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Type:	Cryptocurrencies
Ticker:	GMTUSDT
ISIN:

GMT - GMT/USDT - Weekly - Technical analysis published on 05/18/2024 (GMT)

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Timeframe : Weekly
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 0.233280 USDT

My targets

0.153563 USDT (-31.25%)

0.141656 USDT (-36.58%)

My analysis

STEPN - GMT/USDT 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 0.233280 USDT. The next support located at 0.153563 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.141656 USDT. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

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.

This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

STEPN - GMT/USDT rating 0.223365 USDT. Over 5 days, this instrument gained +6.86% with the lowest point at 0.200779 USDT and the highest point at 0.223516 USDT. The deviation from the price is +11.25% for the low point and -0.07% for the high point.

0.200779

0.223516

0.223365

Here is a more detailed summary of the historical variations registered by STEPN - GMT/USDT:

Technical

A technical analysis in Weekly of this STEPN - GMT/USDT chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

Technical indicators are bearish. There is still some doubt about the decline in the price.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Weekly

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.141656	0.223365	0.233280	0.387359	0.614400
Change (%)	-36.58%	-	+4.44%	+73.42%	+175.07%
Change	-0.081709	-	+0.009915	+0.163994	+0.391035
Level	Intermediate	-	Intermediate	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
Standard	0.201959	0.207396	0.215092	0.220529	0.228225	0.233662	0.241358
Camarilla	0.219177	0.220381	0.221585	0.222789	0.223993	0.225197	0.226401
Woodie	0.203090	0.207961	0.216223	0.221094	0.229356	0.234227	0.242489
Fibonacci	0.207396	0.212413	0.215512	0.220529	0.225546	0.228645	0.233662

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.176760	0.193783	0.202785	0.219808	0.228810	0.245833	0.254835
Camarilla	0.204631	0.207017	0.209402	0.211788	0.214174	0.216559	0.218945
Woodie	0.172751	0.191778	0.198776	0.217803	0.224801	0.243828	0.250826
Fibonacci	0.193783	0.203724	0.209866	0.219808	0.229749	0.235891	0.245833

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.021658	0.093033	0.153563	0.268254	0.328784	0.443475	0.504005
Camarilla	0.165907	0.181969	0.198031	0.214093	0.230155	0.246217	0.262279
Woodie	-0.048739	0.079493	0.126483	0.254714	0.301704	0.429935	0.476925
Fibonacci	0.093033	0.159967	0.201320	0.268254	0.335188	0.376541	0.443475

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):	43.96
MACD (12,26,9):	-0.0088
Directional Movement:	6.952336
AROON (14):	-50.000000
DEMA (21):	0.262078
Parabolic SAR (0,02-0,02-0,2):	0.412809
Elder Ray (13):	-0.049737
Super Trend (3,10):	0.180937
Zig ZAG (10):	0.223382
VORTEX (21):	0.9798
Stochastique (14,3,5):	8.68
TEMA (21):	0.256640
Williams %R (14):	-89.99
Chande Momentum Oscillator (20):	-0.043869
Repulse (5,40,3):	-4.1836
ROCnROLL:	2
TRIX (15,9):	0.4516
Courbe Coppock:	21.77

MA7:	0.213961
MA20:	0.217731
MA50:	0.253408
MA100:	0.278796
MAexp7:	0.245276
MAexp20:	0.267304
MAexp50:	0.310427
MAexp100:	0.476303
Price / MA7:	+4.40%
Price / MA20:	+2.59%
Price / MA50:	-11.86%
Price / MA100:	-19.88%
Price / MAexp7:	-8.93%
Price / MAexp20:	-16.44%
Price / MAexp50:	-28.05%
Price / MAexp100:	-53.10%

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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