GATETOKEN - GT/USD
GATETOKEN - GT/USD
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Type: Cryptocurrencies
Ticker: GTUSD
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GATETOKEN - GT/USD - 1H - Technical analysis published on 03/15/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 6.82 USD
My targets
7.32 USD (+3.24%)
7.55 USD (+6.49%)
My analysis
The basic bullish trend is very strong on GATECHAIN TOKEN - GT/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 6.82 USD. Crossing the first resistance at 7.32 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 7.55 USD as an objective. Crossing it would then enable buyers to target 7.98 USD. Caution, a return to below 6.82 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5

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:
15 min. Daily Weekly

Additional analysis

Quotes

The GATECHAIN TOKEN - GT/USD rating is 7.09 USD. The price is lower by -0.98% since the last closing and was traded between 6.61 USD and 7.21 USD over the period. The price is currently at +7.26% from its lowest and -1.66% from its highest.

6.61
7.21
7.09

A study of price movements over other periods shows the following variations:
The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Abnormal volumes on GATECHAIN TOKEN - GT/USD were detected by the Central Volumes scanner:

Central Volumes

Abnormal volumes

Timeframe : 5 days


Abnormal volumes

Timeframe : 20 days


Abnormal volumes

Timeframe : 50 days

Technical


Technical analysis of GATECHAIN TOKEN - GT/USD in 1H shows a strongly overall bullish trend. 85.71% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 50

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : 1 hour



In fact, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly


MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour



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 a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish harami cross

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 5.88 6.09 6.82 7.09 7.32 7.55 7.98
Change (%) -17.07% -14.10% -3.81% - +3.24% +6.49% +12.55%
Change -1.21 -1.00 -0.27 - +0.23 +0.46 +0.89
Level Intermediate Minor Intermediate - Major Intermediate Intermediate



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard6.146.486.827.167.507.848.18
Camarilla6.977.047.107.167.227.297.35
Woodie6.146.486.827.167.507.848.18
Fibonacci6.486.746.907.167.427.587.84


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.524.755.075.305.625.856.17
Camarilla5.235.285.335.385.435.485.53
Woodie4.564.775.115.325.665.876.21
Fibonacci4.754.965.095.305.515.645.85


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard4.084.294.714.925.345.555.97
Camarilla4.955.015.065.125.185.245.29
Woodie4.184.344.814.975.445.606.07
Fibonacci4.294.534.684.925.165.315.55

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): 55.04
MACD (12,26,9): 0.0100
Directional Movement: 3.40
AROON (14): 50.00
DEMA (21): 6.94
Parabolic SAR (0,02-0,02-0,2): 6.72
Elder Ray (13): 0.11
Super Trend (3,10): 6.84
Zig ZAG (10): 7.04
VORTEX (21): 0.9400
Stochastique (14,3,5): 94.60
TEMA (21): 6.96
Williams %R (14): -13.78
Chande Momentum Oscillator (20): 0.21
Repulse (5,40,3): 0.6400
ROCnROLL: 1
TRIX (15,9): -0.0900
Courbe Coppock: 2.11
MA7: 6.59
MA20: 5.67
MA50: 5.11
MA100: 5.04
MAexp7: 6.99
MAexp20: 6.95
MAexp50: 6.93
MAexp100: 6.73
Price / MA7: +7.59%
Price / MA20: +25.04%
Price / MA50: +38.75%
Price / MA100: +40.67%
Price / MAexp7: +1.43%
Price / MAexp20: +2.01%
Price / MAexp50: +2.31%
Price / MAexp100: +5.35%

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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