GITCOIN - GTC/USD - 1H - Technical analysis published on 11/15/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
50%
0%
50%
My opinion
Bearish under 0.669978 USD
My targets
0.630161 USD (-3.05%)
0.610001 USD (-6.15%)
My analysis
The bearish basic trend is very strong on GITCOIN - GTC/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.669978 USD. Crossing the first support at 0.630161 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.610001 USD as an objective. Crossing it would then enable sellers to target 0.549857 USD. Caution, a return to above the resistance located at 0.669978 USD would be a sign of a possible consolidation phase of 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 are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
3
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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 GITCOIN - GTC/USD rating is 0.650001 USD. The price registered a decrease of -0.04% on the session and was between 0.630001 USD and 0.680000 USD. This implies that the price is at +3.17% from its lowest and at -4.41% from its highest.0.630001
0.680000
0.650001
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GITCOIN - GTC/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : 1 hour
The probability of a further increase is slight given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.549857 | 0.610001 | 0.630161 | 0.650001 | 0.650022 | 0.669978 | 0.709535 |
| Change (%) | -15.41% | -6.15% | -3.05% | - | +0.00% | +3.07% | +9.16% |
| Change | -0.100144 | -0.040000 | -0.019840 | - | +0.000021 | +0.019977 | +0.059534 |
| Level | Intermediate | Minor | Intermediate | - | Major | Minor | Intermediate |
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 | 0.550805 | 0.590588 | 0.620434 | 0.660217 | 0.690063 | 0.729846 | 0.759692 |
| Camarilla | 0.631132 | 0.637515 | 0.643897 | 0.650280 | 0.656663 | 0.663045 | 0.669428 |
| Woodie | 0.545837 | 0.588104 | 0.615466 | 0.657733 | 0.685095 | 0.727362 | 0.754724 |
| Fibonacci | 0.590588 | 0.617186 | 0.633619 | 0.660217 | 0.686815 | 0.703248 | 0.729846 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.424181 | 0.477191 | 0.563806 | 0.616816 | 0.703431 | 0.756441 | 0.843056 |
| Camarilla | 0.612025 | 0.624824 | 0.637623 | 0.650422 | 0.663221 | 0.676020 | 0.688819 |
| Woodie | 0.440985 | 0.485592 | 0.580610 | 0.625217 | 0.720235 | 0.764842 | 0.859860 |
| Fibonacci | 0.477191 | 0.530527 | 0.563479 | 0.616816 | 0.670152 | 0.703104 | 0.756441 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.381713 | 0.491375 | 0.550688 | 0.660350 | 0.719663 | 0.829325 | 0.888638 |
| Camarilla | 0.563533 | 0.579022 | 0.594512 | 0.610001 | 0.625490 | 0.640980 | 0.656469 |
| Woodie | 0.356539 | 0.478788 | 0.525514 | 0.647763 | 0.694489 | 0.816738 | 0.863464 |
| Fibonacci | 0.491375 | 0.555924 | 0.595802 | 0.660350 | 0.724899 | 0.764777 | 0.829325 |
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): | 51.28 | |
| MACD (12,26,9): | 0.0009 | |
| Directional Movement: | -0.118458 | |
| AROON (14): | 57.142857 | |
| DEMA (21): | 0.658810 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.638383 | |
| Elder Ray (13): | -0.003932 | |
| Super Trend (3,10): | 0.677437 | |
| Zig ZAG (10): | 0.660000 | |
| VORTEX (21): | 0.9623 | |
| Stochastique (14,3,5): | 53.48 | |
| TEMA (21): | 0.661298 | |
| Williams %R (14): | -40.00 | |
| Chande Momentum Oscillator (20): | 0.019999 | |
| Repulse (5,40,3): | -0.4413 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0015 | |
| Courbe Coppock: | 3.33 |
| MA7: | 0.670120 | |
| MA20: | 0.631064 | |
| MA50: | 0.654137 | |
| MA100: | 0.639533 | |
| MAexp7: | 0.659928 | |
| MAexp20: | 0.658236 | |
| MAexp50: | 0.659949 | |
| MAexp100: | 0.661555 | |
| Price / MA7: | -3.00% | |
| Price / MA20: | +3.00% | |
| Price / MA50: | -0.63% | |
| Price / MA100: | +1.64% | |
| Price / MAexp7: | -1.50% | |
| Price / MAexp20: | -1.25% | |
| Price / MAexp50: | -1.51% | |
| Price / MAexp100: | -1.75% |
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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