GNOSIS - GNO/USD - 1H - Technical analysis published on 05/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
17%
39%
44%
My opinion
Bearish under 295.03 USD
My targets
269.21 USD (-5.20%)
254.27 USD (-10.46%)
My analysis
The bearish trend is currently very strong for GNOSIS - GNO/USD. As long as the price remains below the resistance at 295.03 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 269.21 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 254.27 USD as an objective. Crossing it would then enable sellers to target 242.11 USD. 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.
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
0
10
6.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GNOSIS - GNO/USD price is 283.97 USD. The price registered a decrease of -0.27% on the session and was between 278.71 USD and 289.95 USD. This implies that the price is at +1.89% from its lowest and at -2.06% from its highest.278.71
289.95
283.97
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
A study of price movements over other periods shows the following variations:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GNOSIS - GNO/USD chart shows a sharp bearish trend. 92.86% 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. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further decline is low given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 198.42 | 242.11 | 282.31 | 283.97 | 295.03 | 303.08 | 306.93 |
| Change (%) | -30.13% | -14.74% | -0.58% | - | +3.89% | +6.73% | +8.09% |
| Change | -85.55 | -41.86 | -1.66 | - | +11.06 | +19.11 | +22.96 |
| Level | Intermediate | Major | Intermediate | - | Minor | Major | 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 | 276.28 | 279.66 | 282.20 | 285.58 | 288.12 | 291.50 | 294.04 |
| Camarilla | 283.11 | 283.66 | 284.20 | 284.74 | 285.28 | 285.83 | 286.37 |
| Woodie | 275.86 | 279.45 | 281.78 | 285.37 | 287.70 | 291.29 | 293.62 |
| Fibonacci | 279.66 | 281.92 | 283.32 | 285.58 | 287.84 | 289.24 | 291.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 226.24 | 254.27 | 269.21 | 297.24 | 312.18 | 340.21 | 355.15 |
| Camarilla | 272.32 | 276.26 | 280.20 | 284.14 | 288.08 | 292.02 | 295.96 |
| Woodie | 219.69 | 251.00 | 262.66 | 293.97 | 305.63 | 336.94 | 348.60 |
| Fibonacci | 254.27 | 270.69 | 280.83 | 297.24 | 313.66 | 323.80 | 340.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 160.53 | 230.93 | 271.95 | 342.35 | 383.37 | 453.77 | 494.79 |
| Camarilla | 282.33 | 292.54 | 302.76 | 312.97 | 323.18 | 333.40 | 343.61 |
| Woodie | 145.84 | 223.59 | 257.26 | 335.01 | 368.68 | 446.43 | 480.10 |
| Fibonacci | 230.93 | 273.49 | 299.79 | 342.35 | 384.91 | 411.21 | 453.77 |
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): | 46.55 | |
| MACD (12,26,9): | 0.0500 | |
| Directional Movement: | 2.65 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 285.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 289.66 | |
| Elder Ray (13): | -0.63 | |
| Super Trend (3,10): | 280.58 | |
| Zig ZAG (10): | 284.10 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 40.19 | |
| TEMA (21): | 285.57 | |
| Williams %R (14): | -79.62 | |
| Chande Momentum Oscillator (20): | -3.81 | |
| Repulse (5,40,3): | -0.4000 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.83 |
| MA7: | 293.13 | |
| MA20: | 311.63 | |
| MA50: | 336.08 | |
| MA100: | 335.92 | |
| MAexp7: | 285.37 | |
| MAexp20: | 285.21 | |
| MAexp50: | 285.91 | |
| MAexp100: | 289.32 | |
| Price / MA7: | -3.12% | |
| Price / MA20: | -8.88% | |
| Price / MA50: | -15.51% | |
| Price / MA100: | -15.46% | |
| Price / MAexp7: | -0.49% | |
| Price / MAexp20: | -0.43% | |
| Price / MAexp50: | -0.68% | |
| Price / MAexp100: | -1.85% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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