GOLEM - GLM/USD - 1H - Technical analysis published on 03/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
33%
22%
44%
My opinion
Bearish under 0.249700 USD
My targets
0.226951 USD (-6.95%)
0.220362 USD (-9.65%)
My analysis
The bearish basic trend is very strong on GOLEM NETWORK TOKEN - GLM/USD but the short term shows some signs of running out of steam. However, a sale could be considered as long as the price remains below 0.249700 USD. Crossing the first support at 0.226951 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.220362 USD as an objective. Crossing it would then enable sellers to target 0.198778 USD. Caution, a return to above the resistance located at 0.249700 USD would be a sign of a possible consolidation phase of the short-term basic trend. 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, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5
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Additional analysis
Quotes
The GOLEM NETWORK TOKEN - GLM/USD price is 0.243903 USD. On the day, this instrument lost -0.06% and was between 0.243325 USD and 0.250600 USD. This implies that the price is at +0.24% from its lowest and at -2.67% from its highest.0.243325
0.250600
0.243903
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
A technical analysis in 1H of this GOLEM NETWORK TOKEN - GLM/USD chart shows a sharp bearish trend. 89.29% of the signals given by moving averages are bearish. The slightly bearish signals from short-term moving averages show that the overall trend is slowing down. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
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
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.198778 | 0.220362 | 0.242497 | 0.243903 | 0.249700 | 0.273457 | 0.283311 |
| Change (%) | -18.50% | -9.65% | -0.58% | - | +2.38% | +12.12% | +16.16% |
| Change | -0.045125 | -0.023541 | -0.001406 | - | +0.005797 | +0.029554 | +0.039408 |
| Level | Minor | Major | Intermediate | - | Minor | Major | 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 | 0.209070 | 0.225724 | 0.234892 | 0.251546 | 0.260714 | 0.277368 | 0.286536 |
| Camarilla | 0.236959 | 0.239326 | 0.241693 | 0.244060 | 0.246427 | 0.248794 | 0.251161 |
| Woodie | 0.205327 | 0.223853 | 0.231149 | 0.249675 | 0.256971 | 0.275497 | 0.282793 |
| Fibonacci | 0.225724 | 0.235588 | 0.241682 | 0.251546 | 0.261410 | 0.267504 | 0.277368 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.205898 | 0.226951 | 0.248469 | 0.269522 | 0.291040 | 0.312093 | 0.333611 |
| Camarilla | 0.258281 | 0.262183 | 0.266086 | 0.269988 | 0.273890 | 0.277793 | 0.281695 |
| Woodie | 0.206132 | 0.227067 | 0.248703 | 0.269638 | 0.291274 | 0.312209 | 0.333845 |
| Fibonacci | 0.226951 | 0.243213 | 0.253260 | 0.269522 | 0.285784 | 0.295831 | 0.312093 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.133197 | 0.179298 | 0.222394 | 0.268495 | 0.311591 | 0.357692 | 0.400788 |
| Camarilla | 0.240960 | 0.249136 | 0.257313 | 0.265489 | 0.273665 | 0.281842 | 0.290018 |
| Woodie | 0.131694 | 0.178547 | 0.220891 | 0.267744 | 0.310088 | 0.356941 | 0.399285 |
| Fibonacci | 0.179298 | 0.213372 | 0.234422 | 0.268495 | 0.302569 | 0.323619 | 0.357692 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.44 | |
| MACD (12,26,9): | -0.0017 | |
| Directional Movement: | 7.087749 | |
| AROON (14): | 35.714286 | |
| DEMA (21): | 0.242702 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.243139 | |
| Elder Ray (13): | -0.000150 | |
| Super Trend (3,10): | 0.256773 | |
| Zig ZAG (10): | 0.244476 | |
| VORTEX (21): | 0.9678 | |
| Stochastique (14,3,5): | 30.32 | |
| TEMA (21): | 0.244323 | |
| Williams %R (14): | -79.77 | |
| Chande Momentum Oscillator (20): | -0.000326 | |
| Repulse (5,40,3): | -1.9514 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1441 | |
| Courbe Coppock: | 0.44 |
| MA7: | 0.263136 | |
| MA20: | 0.261878 | |
| MA50: | 0.248016 | |
| MA100: | 0.225883 | |
| MAexp7: | 0.246028 | |
| MAexp20: | 0.245661 | |
| MAexp50: | 0.251362 | |
| MAexp100: | 0.257379 | |
| Price / MA7: | -7.31% | |
| Price / MA20: | -6.86% | |
| Price / MA50: | -1.66% | |
| Price / MA100: | +7.98% | |
| Price / MAexp7: | -0.86% | |
| Price / MAexp20: | -0.72% | |
| Price / MAexp50: | -2.97% | |
| Price / MAexp100: | -5.24% |
Quotes :
-
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
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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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