GOLEM - GLM/USD

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- Real time data - CoinMarketCap

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Type:	Cryptocurrencies
Ticker:	GLMUSD
ISIN:

GOLEM - GLM/USD - Daily - Technical analysis published on 03/19/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

67%

33%

My opinion

Bullish above 0.220362 USD

My targets

0.258159 USD (+5.15%)

0.278448 USD (+13.41%)

My analysis

A bullish trend on GOLEM NETWORK TOKEN - GLM/USD both in substance and in the short term. A purchase could be considered as long as the price remains above 0.220362 USD. Each resistance break is a strong signal that the current trend will continue. The first bullish objective would be 0.258159 USD. Then the price could move towards 0.278448 USD. Then 0.405378 USD by extension. Be careful, a return below 0.220362 USD would be a sign of the trend weakening and a possible correction phase could then occur. In this case, you could keep away while waiting for a signal that the basic trend will resume. Trading against the trend could be riskier.

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

5.7

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 0.245518 USD. The price registered a decrease of -0.26% on the session with the lowest point at 0.243979 USD and the highest point at 0.249500 USD. The deviation from the price is +0.63% for the low point and -1.60% for the high point.

0.243979

0.249500

0.245518

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Technical

Technical analysis of this Daily chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is bullish. The signals given by moving averages are 75.00% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently positioned bullish. The Central Indicators scanner found this result concerning these indicators:

Aroon indicator bullish trend

Type : Bullish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.178059	0.200487	0.220362	0.245518	0.258159	0.278448	0.405378
Change (%)	-27.48%	-18.34%	-10.25%	-	+5.15%	+13.41%	+65.11%
Change	-0.067459	-0.045031	-0.025156	-	+0.012641	+0.032930	+0.159860
Level	Intermediate	Minor	Major	-	Intermediate	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.213375	0.228048	0.237102	0.251775	0.260829	0.275502	0.284556
Camarilla	0.239631	0.241806	0.243981	0.246156	0.248331	0.250506	0.252681
Woodie	0.210566	0.226643	0.234293	0.250370	0.258020	0.274097	0.281747
Fibonacci	0.228048	0.237112	0.242711	0.251775	0.260839	0.266438	0.275502

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.152385	0.179256	0.212706	0.239577	0.273027	0.299898	0.333348
Camarilla	0.229568	0.235097	0.240627	0.246156	0.251685	0.257215	0.262744
Woodie	0.155675	0.180901	0.215996	0.241222	0.276317	0.301543	0.336638
Fibonacci	0.179256	0.202299	0.216534	0.239577	0.262620	0.276855	0.299898

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 technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	51.97
MACD (12,26,9):	-0.0017
Directional Movement:	8.866788
AROON (14):	57.142857
DEMA (21):	0.238444
Parabolic SAR (0,02-0,02-0,2):	0.207385
Elder Ray (13):	0.006000
Super Trend (3,10):	0.259022
Zig ZAG (10):	0.247257
VORTEX (21):	0.9382
Stochastique (14,3,5):	75.25
TEMA (21):	0.236796
Williams %R (14):	-28.10
Chande Momentum Oscillator (20):	0.012718
Repulse (5,40,3):	-1.0211
ROCnROLL:	1
TRIX (15,9):	-0.3031
Courbe Coppock:	5.16

MA7:	0.243325
MA20:	0.239583
MA50:	0.249132
MA100:	0.227654
MAexp7:	0.242805
MAexp20:	0.241716
MAexp50:	0.241870
MAexp100:	0.237961
Price / MA7:	+0.90%
Price / MA20:	+2.48%
Price / MA50:	-1.45%
Price / MA100:	+7.85%
Price / MAexp7:	+1.12%
Price / MAexp20:	+1.57%
Price / MAexp50:	+1.51%
Price / MAexp100:	+3.18%

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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Londinia AI

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