GNOSIS - GNO/USD - 1H - Technical analysis published on 06/30/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 281.41 USD
My targets
265.64 USD (-4.33%)
242.11 USD (-12.80%)
My analysis
Has the basic bearish 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 bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 281.41 USD remains possible. It is advisable to trade GNOSIS - GNO/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 281.41 USD. The next bearish objective for sellers is set at 265.64 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 242.11 USD. In case of crossing, the next objective would be the support located at 198.42 USD. PS: if there is a bullish break in the resistance located at 281.41 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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Additional analysis
Quotes
The GNOSIS - GNO/USD rating is 277.65 USD. On the day, this instrument lost -0.01% and was between 275.15 USD and 279.89 USD. This implies that the price is at +0.91% from its lowest and at -0.80% from its highest.275.15
279.89
277.65
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GNOSIS - GNO/USD:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GNOSIS - GNO/USD indicates that the overall trend is bearish. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
On the 18 technical indicators analysed, 7 are bullish, 5 are neutral and 6 are bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
Bearish engulfing lines
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 | 265.64 | 277.65 | 281.41 | 297.70 | 303.08 |
| Change (%) | -28.54% | -12.80% | -4.33% | - | +1.35% | +7.22% | +9.16% |
| Change | -79.23 | -35.54 | -12.01 | - | +3.76 | +20.05 | +25.43 |
| Level | Major | Major | Major | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 268.60 | 271.31 | 274.49 | 277.20 | 280.38 | 283.09 | 286.27 |
| Camarilla | 276.05 | 276.59 | 277.13 | 277.67 | 278.21 | 278.75 | 279.29 |
| Woodie | 268.84 | 271.43 | 274.73 | 277.32 | 280.62 | 283.21 | 286.51 |
| Fibonacci | 271.31 | 273.56 | 274.95 | 277.20 | 279.45 | 280.84 | 283.09 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 210.79 | 242.40 | 260.04 | 291.65 | 309.29 | 340.90 | 358.54 |
| Camarilla | 264.13 | 268.64 | 273.16 | 277.67 | 282.19 | 286.70 | 291.21 |
| Woodie | 203.80 | 238.91 | 253.05 | 288.16 | 302.30 | 337.41 | 351.55 |
| Fibonacci | 242.40 | 261.22 | 272.84 | 291.65 | 310.47 | 322.09 | 340.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 157.93 | 211.32 | 275.15 | 328.54 | 392.37 | 445.76 | 509.59 |
| Camarilla | 306.75 | 317.49 | 328.24 | 338.98 | 349.73 | 360.47 | 371.22 |
| Woodie | 163.15 | 213.93 | 280.37 | 331.15 | 397.59 | 448.37 | 514.81 |
| Fibonacci | 211.32 | 256.10 | 283.76 | 328.54 | 373.32 | 400.98 | 445.76 |
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): | 44.26 | |
| MACD (12,26,9): | -0.7100 | |
| Directional Movement: | -4.65 | |
| AROON (14): | 21.43 | |
| DEMA (21): | 276.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 279.79 | |
| Elder Ray (13): | -0.33 | |
| Super Trend (3,10): | 282.31 | |
| Zig ZAG (10): | 276.85 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 40.09 | |
| TEMA (21): | 277.03 | |
| Williams %R (14): | -57.45 | |
| Chande Momentum Oscillator (20): | 0.33 | |
| Repulse (5,40,3): | 0.2100 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 0.27 |
| MA7: | 284.70 | |
| MA20: | 309.98 | |
| MA50: | 320.28 | |
| MA100: | 329.36 | |
| MAexp7: | 276.64 | |
| MAexp20: | 277.25 | |
| MAexp50: | 279.83 | |
| MAexp100: | 284.62 | |
| Price / MA7: | -2.48% | |
| Price / MA20: | -10.43% | |
| Price / MA50: | -13.31% | |
| Price / MA100: | -15.70% | |
| Price / MAexp7: | +0.37% | |
| Price / MAexp20: | +0.14% | |
| Price / MAexp50: | -0.78% | |
| Price / MAexp100: | -2.45% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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