GATETOKEN - GT/USD - 1H - Technical analysis published on 01/01/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bearish
Technical indicators
67%
6%
28%
My opinion
Bearish under 5.14 USD
My targets
4.99 USD (-1.77%)
4.82 USD (-5.12%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GATECHAIN TOKEN - GT/USD. As long as you are under the resistance located at 5.14 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 4.99 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 4.82 USD as an objective. Crossing it would then enable sellers to target 4.29 USD. If the resistance 5.14 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
0.5
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GATECHAIN TOKEN - GT/USD rating 5.08 USD. On the day, this instrument lost -0.59% and was between 5.01 USD and 5.12 USD. This implies that the price is at +1.40% from its lowest and at -0.78% from its highest.5.01
5.12
5.08
Here is a more detailed summary of the historical variations registered by GATECHAIN TOKEN - GT/USD:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Abnormal volumes on GATECHAIN TOKEN - GT/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of GATECHAIN TOKEN - GT/USD in 1H shows an overall bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend could slow down given the neutral 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.
The probability of a further increase are moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
White marubozu
Type : Bullish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Long white line
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.85 | 4.29 | 4.82 | 5.08 | 5.14 | 5.17 | 5.20 |
| Change (%) | -24.21% | -15.55% | -5.12% | - | +1.18% | +1.77% | +2.36% |
| Change | -1.23 | -0.79 | -0.26 | - | +0.06 | +0.09 | +0.12 |
| Level | Intermediate | Intermediate | Minor | - | 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 | 4.91 | 4.98 | 5.04 | 5.11 | 5.17 | 5.24 | 5.30 |
| Camarilla | 5.07 | 5.09 | 5.10 | 5.11 | 5.12 | 5.13 | 5.15 |
| Woodie | 4.92 | 4.98 | 5.05 | 5.11 | 5.18 | 5.24 | 5.31 |
| Fibonacci | 4.98 | 5.03 | 5.06 | 5.11 | 5.16 | 5.19 | 5.24 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.85 | 4.99 | 5.08 | 5.22 | 5.31 | 5.45 | 5.54 |
| Camarilla | 5.11 | 5.13 | 5.15 | 5.17 | 5.19 | 5.21 | 5.23 |
| Woodie | 4.83 | 4.98 | 5.06 | 5.21 | 5.29 | 5.44 | 5.52 |
| Fibonacci | 4.99 | 5.08 | 5.13 | 5.22 | 5.31 | 5.36 | 5.45 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.93 | 3.56 | 4.34 | 4.97 | 5.75 | 6.38 | 7.16 |
| Camarilla | 4.72 | 4.85 | 4.98 | 5.11 | 5.24 | 5.37 | 5.50 |
| Woodie | 3.00 | 3.60 | 4.41 | 5.01 | 5.82 | 6.42 | 7.23 |
| Fibonacci | 3.56 | 4.10 | 4.44 | 4.97 | 5.51 | 5.85 | 6.38 |
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): | 58.04 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 14.45 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 5.03 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.01 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 5.05 | |
| Zig ZAG (10): | 5.08 | |
| VORTEX (21): | 0.7700 | |
| Stochastique (14,3,5): | 91.08 | |
| TEMA (21): | 5.04 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 0.02 | |
| Repulse (5,40,3): | 0.7600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 0.70 |
| MA7: | 5.17 | |
| MA20: | 5.18 | |
| MA50: | 4.65 | |
| MA100: | 4.24 | |
| MAexp7: | 5.05 | |
| MAexp20: | 5.05 | |
| MAexp50: | 5.08 | |
| MAexp100: | 5.12 | |
| Price / MA7: | -1.74% | |
| Price / MA20: | -1.93% | |
| Price / MA50: | +9.25% | |
| Price / MA100: | +19.81% | |
| Price / MAexp7: | +0.59% | |
| Price / MAexp20: | +0.59% | |
| Price / MAexp50: | -0% | |
| Price / MAexp100: | -0.78% |
Quotes :
-
Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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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…
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