GITCOIN - GTC/USD - 1H - Technical analysis published on 10/21/2023 (GMT)
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- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Neutral
Technical indicators
61%
6%
33%
My opinion
Neutral between 0.820014 USD and 0.849989 USD
My targets
-
My analysis
The basic trend is neutral and the short term is tentatively bullish. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 0.849989 USD. The first support is located at 0.820014 USD. However, the chances of finding the first resistance before the first support are slightly higher. Without a basic trend, it is be important to monitor the price response at these levels. A bullish break in resistance or a bearish break in support could provide a signal that would set a new direction for the basic trend. On the other hand, if the price is blocked by resistance or support, it could be attractive to trade against the trend on the last short-term movement registered by GITCOIN - GTC/USD.
In the very short term, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The GITCOIN - GTC/USD rating is 0.829735 USD. On the day, this instrument lost -0.03% and was between 0.820001 USD and 0.830223 USD. This implies that the price is at +1.19% from its lowest and at -0.06% from its highest.0.820001
0.830223
0.829735
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GITCOIN - GTC/USD:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on GITCOIN - GTC/USD were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of GITCOIN - GTC/USD in 1H shows a neutral overall trend. This indecision could turn into a bullish trend due to the bullish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase are moderate given the direction of the technical indicators.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.800000 | 0.810000 | 0.820014 | 0.829735 | 0.849989 | 0.887723 | 0.900000 |
| Change (%) | -3.58% | -2.38% | -1.17% | - | +2.44% | +6.99% | +8.47% |
| Change | -0.029735 | -0.019735 | -0.009721 | - | +0.020254 | +0.057988 | +0.070265 |
| Level | Intermediate | Minor | Intermediate | - | Major | 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 | 0.753393 | 0.776697 | 0.803348 | 0.826652 | 0.853303 | 0.876607 | 0.903258 |
| Camarilla | 0.816262 | 0.820842 | 0.825421 | 0.830000 | 0.834579 | 0.839158 | 0.843738 |
| Woodie | 0.755068 | 0.777534 | 0.805023 | 0.827489 | 0.854978 | 0.877444 | 0.904933 |
| Fibonacci | 0.776697 | 0.795780 | 0.807569 | 0.826652 | 0.845735 | 0.857524 | 0.876607 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.686933 | 0.753467 | 0.796733 | 0.863267 | 0.906533 | 0.973067 | 1.016333 |
| Camarilla | 0.809805 | 0.819870 | 0.829935 | 0.840000 | 0.850065 | 0.860130 | 0.870195 |
| Woodie | 0.675300 | 0.747650 | 0.785100 | 0.857450 | 0.894900 | 0.967250 | 1.004700 |
| Fibonacci | 0.753467 | 0.795410 | 0.821323 | 0.863267 | 0.905210 | 0.931123 | 0.973067 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.19 | |
| MACD (12,26,9): | 0.0005 | |
| Directional Movement: | -4.986220 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.828541 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.844475 | |
| Elder Ray (13): | 0.002554 | |
| Super Trend (3,10): | 0.810036 | |
| Zig ZAG (10): | 0.830219 | |
| VORTEX (21): | 1.0001 | |
| Stochastique (14,3,5): | 51.08 | |
| TEMA (21): | 0.827809 | |
| Williams %R (14): | -47.87 | |
| Chande Momentum Oscillator (20): | 0.000231 | |
| Repulse (5,40,3): | 0.3208 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0180 | |
| Courbe Coppock: | 1.20 |
| MA7: | 0.841390 | |
| MA20: | 0.869988 | |
| MA50: | 0.903211 | |
| MA100: | 0.948849 | |
| MAexp7: | 0.827807 | |
| MAexp20: | 0.827481 | |
| MAexp50: | 0.826996 | |
| MAexp100: | 0.832097 | |
| Price / MA7: | -1.39% | |
| Price / MA20: | -4.63% | |
| Price / MA50: | -8.13% | |
| Price / MA100: | -12.55% | |
| Price / MAexp7: | +0.23% | |
| Price / MAexp20: | +0.27% | |
| Price / MAexp50: | +0.33% | |
| Price / MAexp100: | -0.28% |
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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