Londinia Opportunities Analyses - 04/30/2024 (GMT) GAINS NETWORK - GNS/USDT - 1H
| Type: | Cryptocurrencies |
| Ticker: | GNSUSDT |
| ISIN: |
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
- Cryptocurrencies
- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
6%
78%
17%
My opinion
Bearish under 3.29 USDT
My targets
3.16 USDT (-2.17%)
3.00 USDT (-7.12%)
My analysis
GAINS NETWORK - GNS/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 3.29 USDT. The next support located at 3.16 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 3.00 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
8.4
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Additional analysis
Quotes
GAINS NETWORK - GNS/USDT rating 3.23 USDT. On the day, this instrument lost -3.58% with the lowest point at 3.23 USDT and the highest point at 3.39 USDT. The deviation from the price is 0% for the low point and -4.72% for the high point.3.23
3.39
3.23
A study of price movements over other periods shows the following variations:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GAINS NETWORK - GNS/USDT chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish doji star
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 3.00 | 3.22 | 3.23 | 3.29 | 3.33 | 3.37 |
| Change (%) | -7.12% | -0.31% | - | +1.86% | +3.10% | +4.33% |
| Change | -0.23 | -0.01 | - | +0.06 | +0.10 | +0.14 |
| Level | Intermediate | Minor | - | Minor | 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 | 3.11 | 3.16 | 3.26 | 3.31 | 3.41 | 3.46 | 3.56 |
| Camarilla | 3.31 | 3.32 | 3.34 | 3.35 | 3.36 | 3.38 | 3.39 |
| Woodie | 3.13 | 3.17 | 3.28 | 3.32 | 3.43 | 3.47 | 3.58 |
| Fibonacci | 3.16 | 3.22 | 3.26 | 3.31 | 3.37 | 3.41 | 3.46 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.99 | 3.16 | 3.32 | 3.49 | 3.65 | 3.82 | 3.98 |
| Camarilla | 3.39 | 3.42 | 3.45 | 3.48 | 3.51 | 3.54 | 3.57 |
| Woodie | 2.99 | 3.16 | 3.32 | 3.49 | 3.65 | 3.82 | 3.98 |
| Fibonacci | 3.16 | 3.29 | 3.36 | 3.49 | 3.62 | 3.69 | 3.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 2.53 | 3.49 | 4.28 | 5.24 | 6.03 | 6.99 | 7.78 |
| Camarilla | 4.59 | 4.75 | 4.91 | 5.07 | 5.23 | 5.39 | 5.55 |
| Woodie | 2.45 | 3.45 | 4.20 | 5.20 | 5.95 | 6.95 | 7.70 |
| Fibonacci | 3.49 | 4.16 | 4.57 | 5.24 | 5.91 | 6.32 | 6.99 |
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): | 33.64 | |
| MACD (12,26,9): | -0.0200 | |
| Directional Movement: | -15.20 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 3.28 | |
| Parabolic SAR (0,02-0,02-0,2): | 3.34 | |
| Elder Ray (13): | -0.06 | |
| Super Trend (3,10): | 3.33 | |
| Zig ZAG (10): | 3.23 | |
| VORTEX (21): | 0.9600 | |
| Stochastique (14,3,5): | 10.73 | |
| TEMA (21): | 3.28 | |
| Williams %R (14): | -95.30 | |
| Chande Momentum Oscillator (20): | -0.12 | |
| Repulse (5,40,3): | -1.8400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 1.85 |
| MA7: | 3.38 | |
| MA20: | 3.50 | |
| MA50: | 4.40 | |
| MA100: | 5.03 | |
| MAexp7: | 3.28 | |
| MAexp20: | 3.30 | |
| MAexp50: | 3.34 | |
| MAexp100: | 3.38 | |
| Price / MA7: | -4.44% | |
| Price / MA20: | -7.71% | |
| Price / MA50: | -26.59% | |
| Price / MA100: | -35.79% | |
| Price / MAexp7: | -1.52% | |
| Price / MAexp20: | -2.12% | |
| Price / MAexp50: | -3.29% | |
| Price / MAexp100: | -4.44% |
Quotes :
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Real time data
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