Gnosis Trend May Be Changing as Price Just Breached Below Its 200 Day Moving Average

The Hourly View for Gnosis

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  • The hourly chart shows that Gnosis has seen 2 straight up hours.
  • Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 hour moving average, resulting in them with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Gnosis’s hourly price chart is shown below.

GNO

The Daily View for Gnosis

  • At the time of this writing, GNO’s price is up $4.03 (2.73%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Gnosis has now gone up 4 of the past 5 days.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 200 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

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 number of daily new addresses has been choppy and unclear. It has oscillated between 4 and 201.
  • GNO’s number of daily new addresses now stands at 6.
  • GNO has a number of daily new addresses of 6, up 20% from its value day prior.