GOLEM NETWORK TOKEN - GLM/USD - 1H - Technical analysis published on 07/17/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 0.238798 USD
My targets
0.253956 USD (+4.69%)
0.258442 USD (+6.54%)
My analysis
The bullish trend is currently very strong on GOLEM NETWORK TOKEN - GLM/USD. As long as the price remains above the support at 0.238798 USD, you could try to benefit from the boom. The first bullish objective is located at 0.253956 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.258442 USD as an objective. Crossing it would then enable buyers to target 0.309627 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.3
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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 GOLEM NETWORK TOKEN - GLM/USD rating is 0.242571 USD. On the day, this instrument lost -0.02% and was between 0.240088 USD and 0.243210 USD. This implies that the price is at +1.03% from its lowest and at -0.26% from its highest.0.240088
0.243210
0.242571
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this 1H chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong 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.
In fact, only 9 technical indicators out of 18 studied are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.235708 | 0.238798 | 0.242311 | 0.242571 | 0.253956 | 0.258442 | 0.309627 |
| Change (%) | -2.83% | -1.56% | -0.11% | - | +4.69% | +6.54% | +27.64% |
| Change | -0.006863 | -0.003773 | -0.000260 | - | +0.011385 | +0.015871 | +0.067056 |
| Level | Intermediate | Intermediate | Minor | - | Intermediate | Intermediate | 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 | 0.226676 | 0.230287 | 0.236452 | 0.240063 | 0.246228 | 0.249839 | 0.256004 |
| Camarilla | 0.239930 | 0.240826 | 0.241722 | 0.242618 | 0.243514 | 0.244410 | 0.245306 |
| Woodie | 0.227954 | 0.230926 | 0.237730 | 0.240702 | 0.247506 | 0.250478 | 0.257282 |
| Fibonacci | 0.230287 | 0.234021 | 0.236328 | 0.240063 | 0.243797 | 0.246104 | 0.249839 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.181729 | 0.200269 | 0.221444 | 0.239984 | 0.261159 | 0.279699 | 0.300874 |
| Camarilla | 0.231696 | 0.235337 | 0.238978 | 0.242618 | 0.246259 | 0.249899 | 0.253540 |
| Woodie | 0.183046 | 0.200928 | 0.222761 | 0.240643 | 0.262476 | 0.280358 | 0.302191 |
| Fibonacci | 0.200269 | 0.215441 | 0.224813 | 0.239984 | 0.255156 | 0.264528 | 0.279699 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.088574 | 0.042716 | 0.135602 | 0.266892 | 0.359778 | 0.491068 | 0.583954 |
| Camarilla | 0.166840 | 0.187389 | 0.207939 | 0.228488 | 0.249038 | 0.269587 | 0.290136 |
| Woodie | -0.107776 | 0.033115 | 0.116400 | 0.257291 | 0.340576 | 0.481467 | 0.564752 |
| Fibonacci | 0.042716 | 0.128351 | 0.181257 | 0.266892 | 0.352527 | 0.405433 | 0.491068 |
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): | 55.62 | |
| MACD (12,26,9): | 0.0013 | |
| Directional Movement: | -1.028579 | |
| AROON (14): | 28.571429 | |
| DEMA (21): | 0.241924 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.243601 | |
| Elder Ray (13): | -0.000202 | |
| Super Trend (3,10): | 0.236840 | |
| Zig ZAG (10): | 0.241095 | |
| VORTEX (21): | 1.0990 | |
| Stochastique (14,3,5): | 65.26 | |
| TEMA (21): | 0.242256 | |
| Williams %R (14): | -38.31 | |
| Chande Momentum Oscillator (20): | 0.001499 | |
| Repulse (5,40,3): | -0.2434 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0814 | |
| Courbe Coppock: | 3.85 |
| MA7: | 0.236756 | |
| MA20: | 0.238763 | |
| MA50: | 0.249629 | |
| MA100: | 0.295702 | |
| MAexp7: | 0.241448 | |
| MAexp20: | 0.240163 | |
| MAexp50: | 0.237978 | |
| MAexp100: | 0.236923 | |
| Price / MA7: | +2.46% | |
| Price / MA20: | +1.59% | |
| Price / MA50: | -2.83% | |
| Price / MA100: | -17.97% | |
| Price / MAexp7: | +0.47% | |
| Price / MAexp20: | +1.00% | |
| Price / MAexp50: | +1.93% | |
| Price / MAexp100: | +2.38% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
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