STEPN - GMT/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	GMTUSDT
ISIN:

STEPN - GMT/USDT - Weekly - Technical analysis published on 05/21/2024 (GMT)

Londinia

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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

33%

50%

17%

My opinion

Bearish under 0.300724 USDT

My targets

0.167593 USDT (-27.15%)

0.141656 USDT (-38.42%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on STEPN - GMT/USDT as long as the price remains well below 0.300724 USDT. The sellers' bearish objective is set at 0.167593 USDT. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.141656 USDT. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

5.5

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

The STEPN - GMT/USDT rating is 0.230049 USDT. The price is up +6.32% over 5 days with the lowest point at 0.209323 USDT and the highest point at 0.233476 USDT. The deviation from the price is +9.90% for the low point and -1.47% for the high point.

0.209323

0.233476

0.230049

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

Technical analysis of this Weekly chart of STEPN - GMT/USDT indicates that the overall trend is strongly bearish. The signals given by moving averages are 82.14% bearish. This strong bearish trend is confirmed by the strong signals currently being 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 does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Weekly

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

Ichimoku : price is under the cloud

Type : Bearish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

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

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.141656	0.230049	0.233280	0.401240	0.614400
Change (%)	-38.42%	-	+1.40%	+74.42%	+167.07%
Change	-0.088393	-	+0.003231	+0.171191	+0.384351
Level	Intermediate	-	Intermediate	Major	Minor

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.188011	0.196844	0.213422	0.222255	0.238833	0.247666	0.264244
Camarilla	0.223011	0.225340	0.227670	0.229999	0.232328	0.234658	0.236987
Woodie	0.191883	0.198780	0.217294	0.224191	0.242705	0.249602	0.268116
Fibonacci	0.196844	0.206551	0.212548	0.222255	0.231962	0.237959	0.247666

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.178383	0.188550	0.205631	0.215798	0.232879	0.243046	0.260127
Camarilla	0.215219	0.217717	0.220214	0.222712	0.225210	0.227708	0.230205
Woodie	0.181840	0.190279	0.209088	0.217527	0.236336	0.244775	0.263584
Fibonacci	0.188550	0.198959	0.205389	0.215798	0.226207	0.232637	0.243046

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.034462	0.121093	0.167593	0.254224	0.300724	0.387355	0.433855
Camarilla	0.177482	0.189686	0.201889	0.214093	0.226297	0.238500	0.250704
Woodie	0.014397	0.111060	0.147528	0.244191	0.280659	0.377322	0.413790
Fibonacci	0.121093	0.171949	0.203368	0.254224	0.305080	0.336499	0.387355

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):	44.94
MACD (12,26,9):	-0.0107
Directional Movement:	7.959800
AROON (14):	-50.000000
DEMA (21):	0.255517
Parabolic SAR (0,02-0,02-0,2):	0.399964
Elder Ray (13):	-0.037482
Super Trend (3,10):	0.180937
Zig ZAG (10):	0.229143
VORTEX (21):	0.9537
Stochastique (14,3,5):	8.63
TEMA (21):	0.248045
Williams %R (14):	-87.41
Chande Momentum Oscillator (20):	-0.088493
Repulse (5,40,3):	4.5864
ROCnROLL:	2
TRIX (15,9):	0.2856
Courbe Coppock:	30.61

MA7:	0.221051
MA20:	0.218120
MA50:	0.245133
MA100:	0.277919
MAexp7:	0.241036
MAexp20:	0.263454
MAexp50:	0.307143
MAexp100:	0.471356
Price / MA7:	+4.07%
Price / MA20:	+5.47%
Price / MA50:	-6.15%
Price / MA100:	-17.22%
Price / MAexp7:	-4.56%
Price / MAexp20:	-12.68%
Price / MAexp50:	-25.10%
Price / MAexp100:	-51.19%

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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