GATETOKEN - GT/USD
GATETOKEN - GT/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: GTUSD
ISIN:

GATETOKEN - GT/USD - Daily - Technical analysis published on 04/06/2022 (GMT)

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  • Timeframe : Daily
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Bullish
Technical indicators
39%
22%
39%
My opinion
Bullish above 6.11 USD
My targets
7.32 USD (+7.49%)
7.98 USD (+17.18%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on GATECHAIN TOKEN - GT/USD as long as the price remains well above 6.11 USD. The buyers' bullish objective is set at 7.32 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 7.98 USD. If there is any crossing, the next objective would be the resistance located at 11.47 USD.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
4.5

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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The GATECHAIN TOKEN - GT/USD rating is 6.81 USD. The price registered a decrease of -2.58% on the session with the lowest point at 6.77 USD and the highest point at 6.98 USD. The deviation from the price is +0.59% for the low point and -2.44% for the high point.

6.77
6.98
6.81

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GATECHAIN TOKEN - GT/USD:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GATECHAIN TOKEN - GT/USD in Daily shows an overall bullish trend. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

On the 18 technical indicators analysed, 7 are bullish, 7 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

Central Indicators

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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 horizontal support

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.67 6.11 6.78 6.81 7.32 7.98 11.47
Change (%) -16.74% -10.28% -0.44% - +7.49% +17.18% +68.43%
Change -1.14 -0.70 -0.03 - +0.51 +1.17 +4.66
Level Major Intermediate Major - Intermediate Minor Intermediate



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.816.896.947.027.077.157.20
Camarilla6.956.976.986.997.007.017.03
Woodie6.806.886.937.017.067.147.19
Fibonacci6.896.946.977.027.077.107.15


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.036.246.566.777.097.307.62
Camarilla6.726.776.826.876.926.977.02
Woodie6.086.276.616.807.147.337.67
Fibonacci6.246.456.576.776.987.107.30


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard5.335.726.206.597.077.467.94
Camarilla6.436.516.596.676.756.836.91
Woodie5.375.746.246.617.117.487.98
Fibonacci5.726.066.266.596.937.137.46

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): 53.73
MACD (12,26,9): 0.1100
Directional Movement: 7.94
AROON (14): 92.86
DEMA (21): 6.84
Parabolic SAR (0,02-0,02-0,2): 6.47
Elder Ray (13): 0.10
Super Trend (3,10): 6.49
Zig ZAG (10): 6.77
VORTEX (21): 1.1500
Stochastique (14,3,5): 73.78
TEMA (21): 6.94
Williams %R (14): -48.53
Chande Momentum Oscillator (20): 0.23
Repulse (5,40,3): -3.6300
ROCnROLL: -1
TRIX (15,9): 0.1700
Courbe Coppock: 13.69
MA7: 6.88
MA20: 6.65
MA50: 6.56
MA100: 6.61
MAexp7: 6.86
MAexp20: 6.72
MAexp50: 6.62
MAexp100: 6.50
Price / MA7: -1.02%
Price / MA20: +2.41%
Price / MA50: +3.81%
Price / MA100: +3.03%
Price / MAexp7: -0.73%
Price / MAexp20: +1.34%
Price / MAexp50: +2.87%
Price / MAexp100: +4.77%

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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