GATETOKEN - GT/USD - Daily - Technical analysis published on 08/23/2022 (GMT)
- 140
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under 5.11 USD
My targets
4.30 USD (-5.70%)
3.98 USD (-12.72%)
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 5.11 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 5.11 USD. The next bearish objective for sellers is set at 4.30 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 3.98 USD. In case of crossing, the next objective would be the support located at 3.60 USD. PS: if there is a bullish break in the resistance located at 5.11 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
3.2
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 Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GATECHAIN TOKEN - GT/USD rating 4.56 USD. The price is lower by -0.22% since the last closing with the lowest point at 4.50 USD and the highest point at 4.62 USD. The deviation from the price is +1.33% for the low point and -1.30% for the high point.4.50
4.62
4.56
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this Daily chart of GATECHAIN TOKEN - GT/USD indicates that the overall trend is bearish. 64.29% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.60 | 3.98 | 4.30 | 4.56 | 5.11 | 5.68 | 6.11 |
| Change (%) | -21.05% | -12.72% | -5.70% | - | +12.06% | +24.56% | +33.99% |
| Change | -0.96 | -0.58 | -0.26 | - | +0.55 | +1.12 | +1.55 |
| Level | Minor | 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 | 4.21 | 4.28 | 4.43 | 4.50 | 4.65 | 4.72 | 4.87 |
| Camarilla | 4.51 | 4.53 | 4.55 | 4.57 | 4.59 | 4.61 | 4.63 |
| Woodie | 4.24 | 4.30 | 4.46 | 4.52 | 4.68 | 4.74 | 4.90 |
| Fibonacci | 4.28 | 4.37 | 4.42 | 4.50 | 4.59 | 4.64 | 4.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.36 | 3.87 | 4.14 | 4.65 | 4.92 | 5.43 | 5.70 |
| Camarilla | 4.21 | 4.28 | 4.35 | 4.42 | 4.49 | 4.56 | 4.64 |
| Woodie | 3.25 | 3.81 | 4.03 | 4.59 | 4.81 | 5.37 | 5.59 |
| Fibonacci | 3.87 | 4.17 | 4.35 | 4.65 | 4.95 | 5.13 | 5.43 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 3.05 | 3.38 | 3.92 | 4.25 | 4.79 | 5.12 | 5.66 |
| Camarilla | 4.21 | 4.29 | 4.37 | 4.45 | 4.53 | 4.61 | 4.69 |
| Woodie | 3.15 | 3.43 | 4.02 | 4.30 | 4.89 | 5.17 | 5.76 |
| Fibonacci | 3.38 | 3.72 | 3.92 | 4.25 | 4.59 | 4.79 | 5.12 |
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): | 46.88 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | -6.06 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 4.74 | |
| Parabolic SAR (0,02-0,02-0,2): | 4.96 | |
| Elder Ray (13): | -0.11 | |
| Super Trend (3,10): | 5.06 | |
| Zig ZAG (10): | 4.56 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 24.85 | |
| TEMA (21): | 4.68 | |
| Williams %R (14): | -75.24 | |
| Chande Momentum Oscillator (20): | -0.37 | |
| Repulse (5,40,3): | 0.7300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3800 | |
| Courbe Coppock: | 6.77 |
| MA7: | 4.60 | |
| MA20: | 4.78 | |
| MA50: | 4.39 | |
| MA100: | 4.64 | |
| MAexp7: | 4.62 | |
| MAexp20: | 4.66 | |
| MAexp50: | 4.58 | |
| MAexp100: | 4.79 | |
| Price / MA7: | -0.87% | |
| Price / MA20: | -4.60% | |
| Price / MA50: | +3.87% | |
| Price / MA100: | -1.72% | |
| Price / MAexp7: | -1.30% | |
| Price / MAexp20: | -2.15% | |
| Price / MAexp50: | -0.44% | |
| Price / MAexp100: | -4.80% |
Quotes :
-
Real time data
-
Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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 - Daily