Post an Analysis Request an analysis AI Londinia analysis
GATETOKEN - GT/USD
GATETOKEN - GT/USD
- USD (-)
- Real time data - CoinMarketCap
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Cryptocurrencies
Ticker: GTUSD
ISIN:

GATETOKEN - GT/USD - 1H - Technical analysis published on 04/20/2021 (GMT)

  • 232
  • 0
Londinia
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : 1H
  • - Analysis generated on
  • Status : INVALID

Analysis too old. There are no more charts available.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 3.36 USD
My targets
2.97 USD (-7.48%)
2.71 USD (-15.58%)
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 3.36 USD remains possible. It is advisable to trade GATECHAIN TOKEN - GT/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 3.36 USD. The next bearish objective for sellers is set at 2.97 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 2.71 USD. In case of crossing, the next objective would be the support located at 2.09 USD. PS: if there is a bullish break in the resistance located at 3.36 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
0.4

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.

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

Additional analysis

Quotes

The GATECHAIN TOKEN - GT/USD rating is 3.21 USD. On the day, this instrument gained +2.23% and was between 2.92 USD and 3.33 USD. This implies that the price is at +9.93% from its lowest and at -3.60% from its highest.

2.92
3.33
3.21

A study of price movements over other periods shows the following variations:

Technical


A technical analysis in 1H of this GATECHAIN TOKEN - GT/USD chart shows a bearish trend. 71.43% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour


Bullish price crossover with adaptative moving average 20

Type : Bullish

Timeframe : 1 hour



In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

CCI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


CCI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


MACD indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


RSI indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour


RSI indicator: bullish divergence

Type : Bullish

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : 1 hour


Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly


Williams %R indicator is back over -50

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 1 hour



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:

Central Candlesticks

Black gravestone / inverted hammer

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 2.09 2.71 2.97 3.21 3.67 4.25 5.69
Change (%) -34.89% -15.58% -7.48% - +14.33% +32.40% +77.26%
Change -1.12 -0.50 -0.24 - +0.46 +1.04 +2.48
Level Minor Major 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
Standard2.562.812.983.233.403.653.82
Camarilla3.033.063.103.143.183.223.26
Woodie2.512.792.933.213.353.633.77
Fibonacci2.812.973.073.233.393.493.65


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.211.712.694.195.176.677.65
Camarilla2.993.223.443.673.904.134.35
Woodie-0.051.582.434.064.916.547.39
Fibonacci1.712.663.244.195.145.726.67


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.390.841.381.832.372.823.36
Camarilla1.641.731.821.912.002.092.18
Woodie0.430.861.421.852.412.843.40
Fibonacci0.841.221.461.832.212.452.82

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): 53.00
MACD (12,26,9): -0.0300
Directional Movement: 8.58
AROON (14): 14.28
DEMA (21): 3.10
Parabolic SAR (0,02-0,02-0,2): 2.97
Elder Ray (13): 0.07
Super Trend (3,10): 2.94
Zig ZAG (10): 3.23
VORTEX (21): 0.8800
Stochastique (14,3,5): 57.28
TEMA (21): 3.11
Williams %R (14): -28.89
Chande Momentum Oscillator (20): 0.02
Repulse (5,40,3): 0.7500
ROCnROLL: -1
TRIX (15,9): -0.2400
Courbe Coppock: 2.11
MA7: 3.53
MA20: 3.11
MA50: 2.26
MA100: 1.57
MAexp7: 3.14
MAexp20: 3.16
MAexp50: 3.25
MAexp100: 3.39
Price / MA7: -9.07%
Price / MA20: +3.22%
Price / MA50: +42.04%
Price / MA100: +104.46%
Price / MAexp7: +2.23%
Price / MAexp20: +1.58%
Price / MAexp50: -1.23%
Price / MAexp100: -5.31%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia
Londinia AI

Online

Overall rating :
15845
Number of analyses :
95822
Followers :
0
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…

Add a comment

Comments

0 comments on the analysis GATETOKEN - GT/USD - 1H