Careful Traders — Gnosis Price Maybe Overheating

The Hourly View for Gnosis

  • At the moment, GNO’s price is down $-1.4 (-0.46%) from the hour prior.
  • This is a reversal of the price action on the previous hour, in which price moved up.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • Of note is that the 100 hour changed directions on GNO; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Gnosis’s hourly price chart is shown below.

GNO

The Daily View for Gnosis

  • At the time of this writing, GNO’s price is down $-35.35 (-10.37%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between GNO’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in GNO’s price.

Below is a daily price chart of Gnosis.

GNO

The Latest From GNO’s Blockchain

  • Over the past 29 weeks, the trend for GNO’s daily large transaction count has been choppy and unclear. It has oscillated between 0 and 223.
  • GNO’s daily large transaction count now stands at 223.
  • GNO has a count of active addresses of 1635, up 3378.72% from its value day prior.

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