GATETOKEN - GT/USD

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Type:	Cryptocurrencies
Ticker:	GTUSD
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GATETOKEN - GT/USD - Daily - Technical analysis published on 04/06/2022 (GMT)

Londinia

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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

4.5

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

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.

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:

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:

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Daily

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

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:

Near horizontal support

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
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
Standard	6.81	6.89	6.94	7.02	7.07	7.15	7.20
Camarilla	6.95	6.97	6.98	6.99	7.00	7.01	7.03
Woodie	6.80	6.88	6.93	7.01	7.06	7.14	7.19
Fibonacci	6.89	6.94	6.97	7.02	7.07	7.10	7.15

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	6.03	6.24	6.56	6.77	7.09	7.30	7.62
Camarilla	6.72	6.77	6.82	6.87	6.92	6.97	7.02
Woodie	6.08	6.27	6.61	6.80	7.14	7.33	7.67
Fibonacci	6.24	6.45	6.57	6.77	6.98	7.10	7.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	5.33	5.72	6.20	6.59	7.07	7.46	7.94
Camarilla	6.43	6.51	6.59	6.67	6.75	6.83	6.91
Woodie	5.37	5.74	6.24	6.61	7.11	7.48	7.98
Fibonacci	5.72	6.06	6.26	6.59	6.93	7.13	7.46

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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