GOLEM - GLM/USD

- USD (-)

- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	GLMUSD
ISIN:

GOLEM - GLM/USD - Daily - Technical analysis published on 12/17/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

67%

17%

My opinion

Bearish under 0.220362 USD

My targets

0.178467 USD (-10.35%)

0.108292 USD (-45.60%)

My analysis

GOLEM NETWORK TOKEN - GLM/USD 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 0.220362 USD. The next support located at 0.178467 USD 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 0.108292 USD. Below this support, sellers could then target 0.080000 USD. 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.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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 price is 0.199081 USD. On the day, this instrument lost -0.02% and was between 0.197843 USD and 0.199325 USD. This implies that the price is at +0.63% from its lowest and at -0.12% from its highest.

0.197843

0.199325

0.199081

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

Technical

Technical analysis of this Daily chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, according to the parameters integrated into the Central Analyzer system, 12 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 : Daily

Previous candle closed under Bollinger bands

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

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 Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.080000	0.178467	0.198668	0.199081	0.220362	0.304850	0.405378
Change (%)	-59.82%	-10.35%	-0.21%	-	+10.69%	+53.13%	+103.62%
Change	-0.119081	-0.020614	-0.000413	-	+0.021281	+0.105769	+0.206297
Level	Minor	Intermediate	Minor	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.163582	0.180512	0.189820	0.206750	0.216058	0.232988	0.242296
Camarilla	0.191914	0.194319	0.196724	0.199129	0.201534	0.203939	0.206345
Woodie	0.159772	0.178607	0.186010	0.204845	0.212248	0.231083	0.238486
Fibonacci	0.180512	0.190535	0.196727	0.206750	0.216773	0.222965	0.232988

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.174612	0.194019	0.212280	0.231687	0.249948	0.269355	0.287616
Camarilla	0.220183	0.223636	0.227089	0.230542	0.233995	0.237448	0.240901
Woodie	0.174040	0.193733	0.211708	0.231401	0.249376	0.269069	0.287044
Fibonacci	0.194019	0.208408	0.217298	0.231687	0.246076	0.254966	0.269355

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.044962	0.108292	0.169234	0.232564	0.293506	0.356836	0.417778
Camarilla	0.196000	0.207392	0.218783	0.230175	0.241567	0.252958	0.264350
Woodie	0.043767	0.107695	0.168039	0.231967	0.292311	0.356239	0.416583
Fibonacci	0.108292	0.155764	0.185092	0.232564	0.280036	0.309364	0.356836

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	37.65
MACD (12,26,9):	-0.0035
Directional Movement:	-1.697476
AROON (14):	-42.857143
DEMA (21):	0.214643
Parabolic SAR (0,02-0,02-0,2):	0.250020
Elder Ray (13):	-0.018372
Super Trend (3,10):	0.236641
Zig ZAG (10):	0.198276
VORTEX (21):	0.9502
Stochastique (14,3,5):	8.61
TEMA (21):	0.215424
Williams %R (14):	-98.44
Chande Momentum Oscillator (20):	-0.023329
Repulse (5,40,3):	-11.5681
ROCnROLL:	2
TRIX (15,9):	-0.0686
Courbe Coppock:	5.48

MA7:	0.217300
MA20:	0.220623
MA50:	0.226894
MA100:	0.250911
MAexp7:	0.213266
MAexp20:	0.218789
MAexp50:	0.227317
MAexp100:	0.240793
Price / MA7:	-8.38%
Price / MA20:	-9.76%
Price / MA50:	-12.26%
Price / MA100:	-20.66%
Price / MAexp7:	-6.65%
Price / MAexp20:	-9.01%
Price / MAexp50:	-12.42%
Price / MAexp100:	-17.32%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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