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 05/06/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

56%

11%

33%

My opinion

Bearish under 0.267822 USD

My targets

0.230254 USD (-3.19%)

0.220362 USD (-7.35%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLEM NETWORK TOKEN - GLM/USD. As long as you are under the resistance located at 0.267822 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.230254 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.220362 USD as an objective. Crossing it would then enable sellers to target 0.211672 USD. If the resistance 0.267822 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.

Force

2.1

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 0.237831 USD. The price has increased by +1.17% since the last closing with the lowest point at 0.235096 USD and the highest point at 0.238419 USD. The deviation from the price is +1.16% for the low point and -0.25% for the high point.

0.235096

0.238419

0.237831

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

Bullish opening

Type : Bullish

Timeframe : Openning

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

Technical

A technical analysis in Daily of this GOLEM NETWORK TOKEN - GLM/USD chart shows a bearish trend. The signals given by moving averages are 75.00% bearish. This bearish trend could slow down given the neutral 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 moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Near resistance of channel

Type : Bearish

Timeframe : Daily

Near support of triangle

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.211672	0.220362	0.230254	0.237831	0.267822	0.279960	0.288340
Change (%)	-11.00%	-7.35%	-3.19%	-	+12.61%	+17.71%	+21.24%
Change	-0.026159	-0.017469	-0.007577	-	+0.029991	+0.042129	+0.050509
Level	Minor	Major	Major	-	Major	Intermediate	Minor

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.222159	0.226793	0.230940	0.235574	0.239721	0.244355	0.248502
Camarilla	0.232671	0.233476	0.234281	0.235086	0.235891	0.236696	0.237501
Woodie	0.221915	0.226671	0.230696	0.235452	0.239477	0.244233	0.248258
Fibonacci	0.226793	0.230148	0.232220	0.235574	0.238929	0.241001	0.244355

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.197143	0.208622	0.222052	0.233531	0.246961	0.258440	0.271870
Camarilla	0.228633	0.230916	0.233200	0.235483	0.237766	0.240050	0.242333
Woodie	0.198120	0.209110	0.223029	0.234019	0.247938	0.258928	0.272847
Fibonacci	0.208622	0.218137	0.224015	0.233531	0.243046	0.248924	0.258440

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.154249	0.187175	0.211137	0.244063	0.268025	0.300951	0.324913
Camarilla	0.219456	0.224671	0.229885	0.235100	0.240315	0.245530	0.250744
Woodie	0.149768	0.184934	0.206656	0.241822	0.263544	0.298710	0.320432
Fibonacci	0.187175	0.208906	0.222332	0.244063	0.265794	0.279220	0.300951

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):	47.63
MACD (12,26,9):	-0.0031
Directional Movement:	4.570971
AROON (14):	0
DEMA (21):	0.232814
Parabolic SAR (0,02-0,02-0,2):	0.221232
Elder Ray (13):	0.000177
Super Trend (3,10):	0.210393
Zig ZAG (10):	0.235225
VORTEX (21):	0.9376
Stochastique (14,3,5):	49.85
TEMA (21):	0.231447
Williams %R (14):	-29.03
Chande Momentum Oscillator (20):	0.007865
Repulse (5,40,3):	1.9571
ROCnROLL:	-1
TRIX (15,9):	-0.1780
Courbe Coppock:	7.52

MA7:	0.232541
MA20:	0.237252
MA50:	0.241014
MA100:	0.245023
MAexp7:	0.233814
MAexp20:	0.236644
MAexp50:	0.239748
MAexp100:	0.239747
Price / MA7:	+2.27%
Price / MA20:	+0.24%
Price / MA50:	-1.32%
Price / MA100:	-2.94%
Price / MAexp7:	+1.72%
Price / MAexp20:	+0.50%
Price / MAexp50:	-0.80%
Price / MAexp100:	-0.80%

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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