GOLEM - GLM/USD - 1H - Technical analysis published on 05/09/2023 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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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:
Neutral
Underlying:
Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 0.226876 USD
My targets
0.211672 USD (-4.07%)
0.201187 USD (-8.82%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.226876 USD remains possible. It is advisable to trade GOLEM NETWORK TOKEN - GLM/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.226876 USD. The next bearish objective for sellers is set at 0.211672 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.201187 USD. In case of crossing, the next objective would be the support located at 0.177924 USD. PS: if there is a bullish break in the resistance located at 0.226876 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0
10
1.4
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Additional analysis
Quotes
GOLEM NETWORK TOKEN - GLM/USD rating 0.220660 USD. On the day, this instrument lost -0.01% and was traded between 0.212460 USD and 0.223874 USD over the period. The price is currently at +3.86% from its lowest and -1.44% from its highest.0.212460
0.223874
0.220660
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum 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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLEM NETWORK TOKEN - GLM/USD chart shows a bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
MACD indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.201187 | 0.211672 | 0.220362 | 0.220660 | 0.226876 | 0.230382 | 0.232818 |
| Change (%) | -8.82% | -4.07% | -0.14% | - | +2.82% | +4.41% | +5.51% |
| Change | -0.019473 | -0.008988 | -0.000298 | - | +0.006216 | +0.009722 | +0.012158 |
| Level | Intermediate | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.197100 | 0.206100 | 0.213385 | 0.222385 | 0.229670 | 0.238670 | 0.245955 |
| Camarilla | 0.216192 | 0.217684 | 0.219177 | 0.220670 | 0.222163 | 0.223656 | 0.225148 |
| Woodie | 0.196243 | 0.205671 | 0.212528 | 0.221956 | 0.228813 | 0.238241 | 0.245098 |
| Fibonacci | 0.206100 | 0.212321 | 0.216164 | 0.222385 | 0.228606 | 0.232449 | 0.238670 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.203776 | 0.213276 | 0.221664 | 0.231164 | 0.239552 | 0.249052 | 0.257440 |
| Camarilla | 0.225132 | 0.226772 | 0.228411 | 0.230051 | 0.231691 | 0.233331 | 0.234970 |
| Woodie | 0.203219 | 0.212998 | 0.221107 | 0.230886 | 0.238995 | 0.248774 | 0.256883 |
| Fibonacci | 0.213276 | 0.220110 | 0.224331 | 0.231164 | 0.237998 | 0.242219 | 0.249052 |
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 technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 49.89 | |
| MACD (12,26,9): | -0.0013 | |
| Directional Movement: | -8.054619 | |
| AROON (14): | 42.857142 | |
| DEMA (21): | 0.218016 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.214353 | |
| Elder Ray (13): | 0.000955 | |
| Super Trend (3,10): | 0.227240 | |
| Zig ZAG (10): | 0.219817 | |
| VORTEX (21): | 0.9872 | |
| Stochastique (14,3,5): | 54.21 | |
| TEMA (21): | 0.218361 | |
| Williams %R (14): | -30.60 | |
| Chande Momentum Oscillator (20): | 0.000349 | |
| Repulse (5,40,3): | 0.8295 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0951 | |
| Courbe Coppock: | 1.35 |
| MA7: | 0.228407 | |
| MA20: | 0.233039 | |
| MA50: | 0.239369 | |
| MA100: | 0.244286 | |
| MAexp7: | 0.218964 | |
| MAexp20: | 0.219889 | |
| MAexp50: | 0.222859 | |
| MAexp100: | 0.225933 | |
| Price / MA7: | -3.39% | |
| Price / MA20: | -5.31% | |
| Price / MA50: | -7.82% | |
| Price / MA100: | -9.67% | |
| Price / MAexp7: | +0.77% | |
| Price / MAexp20: | +0.35% | |
| Price / MAexp50: | -0.99% | |
| Price / MAexp100: | -2.33% |
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
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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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