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 04/06/2023 (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

89%

My opinion

Bullish above 0.230449 USD

My targets

0.267373 USD (+7.39%)

0.278913 USD (+12.03%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on GOLEM NETWORK TOKEN - GLM/USD as long as the price remains well above 0.230449 USD. The buyers' bullish objective is set at 0.267373 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.278913 USD. If there is any crossing, the next objective would be the resistance located at 0.288340 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

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

GOLEM NETWORK TOKEN - GLM/USD rating 0.248963 USD. On the day, this instrument lost -0.06% with the lowest point at 0.246736 USD and the highest point at 0.265200 USD. The deviation from the price is +0.90% for the low point and -6.12% for the high point.

0.246736

0.265200

0.248963

The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows an item:

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 given by moving averages are 78.57% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : Daily

An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Ichimoku : price is over the cloud

Type : Bullish

Timeframe : Daily

MACD indicator is back over 0

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

Near resistance of triangle

Type : Bearish

Timeframe : Daily

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.211672	0.220362	0.230449	0.248963	0.254052	0.267373	0.278913
Change (%)	-14.98%	-11.49%	-7.44%	-	+2.04%	+7.39%	+12.03%
Change	-0.037291	-0.028601	-0.018514	-	+0.005089	+0.018410	+0.029950
Level	Minor	Major	Major	-	Major	Minor	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.221410	0.229772	0.239438	0.247800	0.257466	0.265828	0.275494
Camarilla	0.244147	0.245800	0.247452	0.249105	0.250758	0.252410	0.254063
Woodie	0.222063	0.230098	0.240091	0.248126	0.258119	0.266154	0.276147
Fibonacci	0.229772	0.236658	0.240913	0.247800	0.254686	0.258941	0.265828

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.170421	0.187649	0.214793	0.232021	0.259165	0.276393	0.303537
Camarilla	0.229735	0.233802	0.237870	0.241937	0.246004	0.250072	0.254139
Woodie	0.175379	0.190128	0.219751	0.234500	0.264123	0.278872	0.308495
Fibonacci	0.187649	0.204599	0.215071	0.232021	0.248971	0.259443	0.276393

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.088100	0.140898	0.190196	0.242994	0.292292	0.345090	0.394388
Camarilla	0.211419	0.220777	0.230136	0.239495	0.248854	0.258213	0.267571
Woodie	0.086351	0.140023	0.188447	0.242119	0.290543	0.344215	0.392639
Fibonacci	0.140898	0.179898	0.203993	0.242994	0.281994	0.306089	0.345090

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):	62.66
MACD (12,26,9):	0.0015
Directional Movement:	10.819895
AROON (14):	71.428571
DEMA (21):	0.241358
Parabolic SAR (0,02-0,02-0,2):	0.205903
Elder Ray (13):	0.014801
Super Trend (3,10):	0.201095
Zig ZAG (10):	0.262460
VORTEX (21):	1.0452
Stochastique (14,3,5):	83.11
TEMA (21):	0.243635
Williams %R (14):	-19.49
Chande Momentum Oscillator (20):	0.017560
Repulse (5,40,3):	6.4640
ROCnROLL:	1
TRIX (15,9):	-0.0978
Courbe Coppock:	0.08

MA7:	0.242719
MA20:	0.239106
MA50:	0.245827
MA100:	0.233589
MAexp7:	0.243150
MAexp20:	0.240718
MAexp50:	0.240631
MAexp100:	0.238375
Price / MA7:	+2.57%
Price / MA20:	+4.12%
Price / MA50:	+1.28%
Price / MA100:	+6.58%
Price / MAexp7:	+2.39%
Price / MAexp20:	+3.43%
Price / MAexp50:	+3.46%
Price / MAexp100:	+4.44%

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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