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Ticker: GMTUSDT
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GMT - GMT/USDT - 1H - Technical analysis published on 05/18/2024 (GMT)

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

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 0.214093 USDT
My targets
0.225965 USDT (+1.61%)
0.229715 USDT (+3.29%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 0.214093 USDT remains possible. It is advisable to trade STEPN - GMT/USDT with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 0.214093 USDT. The next bullish objective for buyers is set at 0.225965 USDT. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.229715 USDT. If there is any crossing, the next objective would be the resistance located at 0.233280 USDT. PS: if there is a bearish break in the support located at 0.214093 USDT we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

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
0
10
5

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

Additional analysis

Quotes

The STEPN - GMT/USDT price is 0.222390 USDT. On the day, this instrument lost -0.18% and was between 0.218964 USDT and 0.225653 USDT. This implies that the price is at +1.56% from its lowest and at -1.45% from its highest.

0.218964
0.225653
0.222390

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical


Technical analysis of STEPN - GMT/USDT in 1H shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Central Indicators

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.

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Central Candlesticks

Dark cloud cover

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.200779 0.211057 0.214093 0.222390 0.222421 0.225965 0.229715
Change (%) -9.72% -5.10% -3.73% - +0.01% +1.61% +3.29%
Change -0.021611 -0.011333 -0.008297 - +0.000031 +0.003575 +0.007325
Level Minor Intermediate Major - Minor 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
Standard0.2019590.2073960.2150920.2205290.2282250.2336620.241358
Camarilla0.2191770.2203810.2215850.2227890.2239930.2251970.226401
Woodie0.2030900.2079610.2162230.2210940.2293560.2342270.242489
Fibonacci0.2073960.2124130.2155120.2205290.2255460.2286450.233662


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1767600.1937830.2027850.2198080.2288100.2458330.254835
Camarilla0.2046310.2070170.2094020.2117880.2141740.2165590.218945
Woodie0.1727510.1917780.1987760.2178030.2248010.2438280.250826
Fibonacci0.1937830.2037240.2098660.2198080.2297490.2358910.245833


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard-0.0216580.0930330.1535630.2682540.3287840.4434750.504005
Camarilla0.1659070.1819690.1980310.2140930.2301550.2462170.262279
Woodie-0.0487390.0794930.1264830.2547140.3017040.4299350.476925
Fibonacci0.0930330.1599670.2013200.2682540.3351880.3765410.443475

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): 52.12
MACD (12,26,9): 0.0002
Directional Movement: -1.973028
AROON (14): -28.571428
DEMA (21): 0.222897
Parabolic SAR (0,02-0,02-0,2): 0.223643
Elder Ray (13): 0.000249
Super Trend (3,10): 0.225162
Zig ZAG (10): 0.222609
VORTEX (21): 1.0065
Stochastique (14,3,5): 55.70
TEMA (21): 0.222072
Williams %R (14): -46.55
Chande Momentum Oscillator (20): -0.002594
Repulse (5,40,3): 0.0066
ROCnROLL: 1
TRIX (15,9): 0.0266
Courbe Coppock: 1.79
MA7: 0.213827
MA20: 0.217709
MA50: 0.253400
MA100: 0.278791
MAexp7: 0.222303
MAexp20: 0.222461
MAexp50: 0.220942
MAexp100: 0.218290
Price / MA7: +4.00%
Price / MA20: +2.15%
Price / MA50: -12.24%
Price / MA100: -20.23%
Price / MAexp7: +0.04%
Price / MAexp20: -0.03%
Price / MAexp50: +0.66%
Price / MAexp100: +1.88%

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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