GATETOKEN - GT/USD - 1H - Technical analysis published on 07/07/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 4.02 USD
My targets
4.13 USD (+1.98%)
4.30 USD (+6.17%)
My analysis
The bullish trend is truly tentative and does not seem to be supported in the short term. It is advisable to trade GATECHAIN TOKEN - GT/USD with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 4.02 USD. The buyers' bullish objective is set at 4.13 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 4.30 USD. If there is any crossing, the next objective would be the resistance located at 4.98 USD. If there is a bearish break in the support located at 4.02 USD some indecision would arise.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.8
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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 price is 4.05 USD. The price registered an increase of +1.00% on the session and was traded between 3.97 USD and 4.05 USD over the period. The price is currently at +2.02% from its lowest and 0% from its highest.3.97
4.05
4.05
Here is a more detailed summary of the historical variations registered by GATECHAIN TOKEN - GT/USD:
Technical
Technical analysis of GATECHAIN TOKEN - GT/USD in 1H shows an overall slightly bullish trend. Only 53.57% of the signals given by moving averages are bullish. This slightly bullish trend is not supported by the signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 13 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.60 | 3.91 | 4.02 | 4.05 | 4.13 | 4.30 | 4.98 |
| Change (%) | -11.11% | -3.46% | -0.74% | - | +1.98% | +6.17% | +22.96% |
| Change | -0.45 | -0.14 | -0.03 | - | +0.08 | +0.25 | +0.93 |
| Level | Major | Intermediate | Intermediate | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.83 | 3.90 | 3.95 | 4.02 | 4.07 | 4.14 | 4.19 |
| Camarilla | 3.98 | 3.99 | 4.00 | 4.01 | 4.02 | 4.03 | 4.04 |
| Woodie | 3.83 | 3.90 | 3.95 | 4.02 | 4.07 | 4.14 | 4.19 |
| Fibonacci | 3.90 | 3.94 | 3.97 | 4.02 | 4.06 | 4.09 | 4.14 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.75 | 3.15 | 3.63 | 4.03 | 4.51 | 4.91 | 5.39 |
| Camarilla | 3.86 | 3.94 | 4.02 | 4.10 | 4.18 | 4.26 | 4.34 |
| Woodie | 2.78 | 3.17 | 3.66 | 4.05 | 4.54 | 4.93 | 5.42 |
| Fibonacci | 3.15 | 3.49 | 3.70 | 4.03 | 4.37 | 4.58 | 4.91 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.65 | 1.98 | 3.04 | 4.37 | 5.43 | 6.76 | 7.82 |
| Camarilla | 3.45 | 3.67 | 3.89 | 4.11 | 4.33 | 4.55 | 4.77 |
| Woodie | 0.53 | 1.91 | 2.92 | 4.30 | 5.31 | 6.69 | 7.70 |
| Fibonacci | 1.98 | 2.89 | 3.45 | 4.37 | 5.28 | 5.84 | 6.76 |
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): | 56.69 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 11.17 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 4.00 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.97 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 3.97 | |
| Zig ZAG (10): | 4.02 | |
| VORTEX (21): | 1.0700 | |
| Stochastique (14,3,5): | 100.00 | |
| TEMA (21): | 4.01 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.04 | |
| Repulse (5,40,3): | 0.5400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.47 |
| MA7: | 4.06 | |
| MA20: | 4.11 | |
| MA50: | 4.80 | |
| MA100: | 5.55 | |
| MAexp7: | 4.01 | |
| MAexp20: | 4.00 | |
| MAexp50: | 4.00 | |
| MAexp100: | 4.02 | |
| Price / MA7: | -0.25% | |
| Price / MA20: | -1.46% | |
| Price / MA50: | -15.63% | |
| Price / MA100: | -27.03% | |
| Price / MAexp7: | +1.00% | |
| Price / MAexp20: | +1.25% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | +0.75% |
Quotes :
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Real time data
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