GOLEM NETWORK TOKEN - GLM/USD - Daily - Technical analysis published on 01/27/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
83%
6%
11%
My opinion
Bullish above 0.220362 USD
My targets
0.280593 USD (+9.78%)
0.304850 USD (+19.27%)
My analysis
GOLEM NETWORK TOKEN - GLM/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.220362 USD. The next resistance located at 0.280593 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.304850 USD. After this resistance, buyers could then target 0.405378 USD.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
6.4
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
GOLEM NETWORK TOKEN - GLM/USD rating 0.255592 USD. On the day, this instrument gained +8.23% and was traded between 0.230230 USD and 0.258100 USD over the period. The price is currently at +11.02% from its lowest and -0.97% from its highest.0.230230
0.258100
0.255592
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is bullish. The signals returned by the moving averages are 71.43% bullish. This bullish trend is reinforced 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.
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 0.080000 | 0.178059 | 0.220362 | 0.255592 | 0.304850 | 0.405378 | 0.576854 |
Change (%) | -68.70% | -30.33% | -13.78% | - | +19.27% | +58.60% | +125.69% |
Change | -0.175592 | -0.077533 | -0.035230 | - | +0.049258 | +0.149786 | +0.321262 |
Level | Minor | Minor | Major | - | Minor | Intermediate | Minor |
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 | 0.222841 | 0.226603 | 0.231377 | 0.235139 | 0.239913 | 0.243675 | 0.248449 |
Camarilla | 0.233805 | 0.234587 | 0.235370 | 0.236152 | 0.236935 | 0.237717 | 0.238499 |
Woodie | 0.223348 | 0.226856 | 0.231884 | 0.235392 | 0.240420 | 0.243928 | 0.248956 |
Fibonacci | 0.226603 | 0.229863 | 0.231878 | 0.235139 | 0.238399 | 0.240414 | 0.243675 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.150747 | 0.180699 | 0.205620 | 0.235572 | 0.260493 | 0.290445 | 0.315366 |
Camarilla | 0.215452 | 0.220482 | 0.225512 | 0.230542 | 0.235572 | 0.240602 | 0.245632 |
Woodie | 0.148233 | 0.179441 | 0.203106 | 0.234314 | 0.257979 | 0.289187 | 0.312852 |
Fibonacci | 0.180699 | 0.201660 | 0.214610 | 0.235572 | 0.256533 | 0.269483 | 0.290445 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 0.067196 | 0.118661 | 0.148162 | 0.199627 | 0.229128 | 0.280593 | 0.310094 |
Camarilla | 0.155396 | 0.162818 | 0.170240 | 0.177662 | 0.185084 | 0.192506 | 0.199928 |
Woodie | 0.056213 | 0.113170 | 0.137179 | 0.194136 | 0.218145 | 0.275102 | 0.299111 |
Fibonacci | 0.118661 | 0.149590 | 0.168698 | 0.199627 | 0.230556 | 0.249664 | 0.280593 |
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): | 74.21 | |
MACD (12,26,9): | 0.0113 | |
Directional Movement: | 37.147143 | |
AROON (14): | 14.285714 | |
DEMA (21): | 0.235696 | |
Parabolic SAR (0,02-0,02-0,2): | 0.210650 | |
Elder Ray (13): | 0.015321 | |
Super Trend (3,10): | 0.195073 | |
Zig ZAG (10): | 0.254442 | |
VORTEX (21): | 1.1469 | |
Stochastique (14,3,5): | 62.47 | |
TEMA (21): | 0.245306 | |
Williams %R (14): | -21.81 | |
Chande Momentum Oscillator (20): | 0.029147 | |
Repulse (5,40,3): | 10.4025 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.6492 | |
Courbe Coppock: | 31.01 |
MA7: | 0.235391 | |
MA20: | 0.219742 | |
MA50: | 0.205875 | |
MA100: | 0.220146 | |
MAexp7: | 0.236880 | |
MAexp20: | 0.222304 | |
MAexp50: | 0.214368 | |
MAexp100: | 0.220785 | |
Price / MA7: | +8.58% | |
Price / MA20: | +16.31% | |
Price / MA50: | +24.15% | |
Price / MA100: | +16.10% | |
Price / MAexp7: | +7.90% | |
Price / MAexp20: | +14.97% | |
Price / MAexp50: | +19.23% | |
Price / MAexp100: | +15.77% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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