GITCOIN - GTC/USD - 1H - Technical analysis published on 10/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
67%
0%
33%
My opinion
Bullish above 0.888090 USD
My targets
0.910002 USD (+1.11%)
0.990002 USD (+10.00%)
My analysis
GITCOIN - GTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.888090 USD. The next resistance located at 0.910002 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.990002 USD. After this resistance, buyers could then target 1.049710 USD.
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
5.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GITCOIN - GTC/USD rating 0.900000 USD. The price registered an increase of +1.12% on the session and was traded between 0.850075 USD and 0.929800 USD over the period. The price is currently at +5.87% from its lowest and -3.20% from its highest.0.850075
0.929800
0.900000
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
The Central Volumes scanner notes the presence of abnormal volumes:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
A technical analysis in 1H of this GITCOIN - GTC/USD chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Ichimoku : price is over the cloud
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 0.888090 | 0.900000 | 0.910002 | 0.990002 | 1.049710 |
| Change (%) | -1.32% | - | +1.11% | +10.00% | +16.63% |
| Change | -0.011910 | - | +0.010002 | +0.090002 | +0.149710 |
| Level | Major | - | Major | Minor | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.846694 | 0.863347 | 0.876693 | 0.893346 | 0.906692 | 0.923345 | 0.936691 |
| Camarilla | 0.881788 | 0.884538 | 0.887288 | 0.890038 | 0.892788 | 0.895538 | 0.898288 |
| Woodie | 0.845040 | 0.862520 | 0.875039 | 0.892519 | 0.905038 | 0.922518 | 0.935037 |
| Fibonacci | 0.863347 | 0.874807 | 0.881887 | 0.893346 | 0.904806 | 0.911886 | 0.923345 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.620407 | 0.750203 | 0.830102 | 0.959898 | 1.039797 | 1.169593 | 1.249492 |
| Camarilla | 0.852334 | 0.871556 | 0.890778 | 0.910000 | 0.929222 | 0.948444 | 0.967666 |
| Woodie | 0.595458 | 0.737729 | 0.805153 | 0.947424 | 1.014848 | 1.157119 | 1.224543 |
| Fibonacci | 0.750203 | 0.830307 | 0.879795 | 0.959898 | 1.040002 | 1.089490 | 1.169593 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.178667 | 0.330667 | 0.630333 | 1.139667 | 1.439333 | 1.948667 | 2.248333 |
| Camarilla | 0.707525 | 0.781683 | 0.855842 | 0.930000 | 1.004158 | 1.078317 | 1.152475 |
| Woodie | -0.283500 | 0.278250 | 0.525500 | 1.087250 | 1.334500 | 1.896250 | 2.143500 |
| Fibonacci | 0.330667 | 0.639705 | 0.830629 | 1.139667 | 1.448705 | 1.639629 | 1.948667 |
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): | 54.95 | |
| MACD (12,26,9): | -0.0006 | |
| Directional Movement: | 1.153911 | |
| AROON (14): | 14.285714 | |
| DEMA (21): | 0.887764 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.851669 | |
| Elder Ray (13): | 0.000975 | |
| Super Trend (3,10): | 0.902461 | |
| Zig ZAG (10): | 0.900022 | |
| VORTEX (21): | 0.9644 | |
| Stochastique (14,3,5): | 68.34 | |
| TEMA (21): | 0.889525 | |
| Williams %R (14): | -37.35 | |
| Chande Momentum Oscillator (20): | 0.020020 | |
| Repulse (5,40,3): | 2.3305 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0317 | |
| Courbe Coppock: | 0.07 |
| MA7: | 0.904290 | |
| MA20: | 0.908008 | |
| MA50: | 0.912205 | |
| MA100: | 0.971248 | |
| MAexp7: | 0.890430 | |
| MAexp20: | 0.889212 | |
| MAexp50: | 0.892634 | |
| MAexp100: | 0.898957 | |
| Price / MA7: | -0.47% | |
| Price / MA20: | -0.88% | |
| Price / MA50: | -1.34% | |
| Price / MA100: | -7.34% | |
| Price / MAexp7: | +1.07% | |
| Price / MAexp20: | +1.21% | |
| Price / MAexp50: | +0.83% | |
| Price / MAexp100: | +0.12% |
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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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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