GATETOKEN - GT/USD - Daily - Technical analysis published on 05/13/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
17%
61%
22%
My opinion
Bearish under 5.16 USD
My targets
4.82 USD (-2.23%)
4.25 USD (-13.79%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GATECHAIN TOKEN - GT/USD as long as the price remains well below 5.16 USD. The sellers' bearish objective is set at 4.82 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 4.25 USD. In case of crossing, the next objective would be the support located at 3.38 USD.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GATECHAIN TOKEN - GT/USD rating is 4.93 USD. The price is lower by -0.20% since the last closing and was between 4.93 USD and 4.96 USD. This implies that the price is at 0% from its lowest and at -0.60% from its highest.4.93
4.96
4.93
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GATECHAIN TOKEN - GT/USD indicates that the overall trend is bearish. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 100
Type : Bearish
Timeframe : Daily
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 3.38 | 4.25 | 4.82 | 4.93 | 5.16 | 5.60 | 7.98 |
| Change (%) | -31.44% | -13.79% | -2.23% | - | +4.67% | +13.59% | +61.87% |
| Change | -1.55 | -0.68 | -0.11 | - | +0.23 | +0.67 | +3.05 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | 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 | 4.72 | 4.77 | 4.86 | 4.91 | 5.00 | 5.05 | 5.14 |
| Camarilla | 4.90 | 4.91 | 4.93 | 4.94 | 4.95 | 4.97 | 4.98 |
| Woodie | 4.73 | 4.78 | 4.87 | 4.92 | 5.01 | 5.06 | 5.15 |
| Fibonacci | 4.77 | 4.83 | 4.86 | 4.91 | 4.97 | 5.00 | 5.05 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.97 | 5.05 | 5.15 | 5.23 | 5.33 | 5.41 | 5.51 |
| Camarilla | 5.19 | 5.21 | 5.22 | 5.24 | 5.26 | 5.27 | 5.29 |
| Woodie | 4.97 | 5.06 | 5.15 | 5.24 | 5.33 | 5.42 | 5.51 |
| Fibonacci | 5.05 | 5.12 | 5.17 | 5.23 | 5.30 | 5.35 | 5.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.38 | 4.69 | 4.99 | 5.30 | 5.60 | 5.91 | 6.21 |
| Camarilla | 5.11 | 5.17 | 5.22 | 5.28 | 5.34 | 5.39 | 5.45 |
| Woodie | 4.37 | 4.69 | 4.98 | 5.30 | 5.59 | 5.91 | 6.20 |
| Fibonacci | 4.69 | 4.93 | 5.07 | 5.30 | 5.54 | 5.68 | 5.91 |
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): | 37.61 | |
| MACD (12,26,9): | -0.0800 | |
| Directional Movement: | -21.18 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 5.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.27 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 5.28 | |
| Zig ZAG (10): | 4.94 | |
| VORTEX (21): | 0.9100 | |
| Stochastique (14,3,5): | 15.34 | |
| TEMA (21): | 4.98 | |
| Williams %R (14): | -77.51 | |
| Chande Momentum Oscillator (20): | -0.21 | |
| Repulse (5,40,3): | -1.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1300 | |
| Courbe Coppock: | 7.96 |
| MA7: | 5.04 | |
| MA20: | 5.18 | |
| MA50: | 5.24 | |
| MA100: | 5.01 | |
| MAexp7: | 5.04 | |
| MAexp20: | 5.15 | |
| MAexp50: | 5.16 | |
| MAexp100: | 4.95 | |
| Price / MA7: | -2.18% | |
| Price / MA20: | -4.83% | |
| Price / MA50: | -5.92% | |
| Price / MA100: | -1.60% | |
| Price / MAexp7: | -2.18% | |
| Price / MAexp20: | -4.27% | |
| Price / MAexp50: | -4.46% | |
| Price / MAexp100: | -0.40% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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