GOLEM - GLM/USD - 1H - Technical analysis published on 05/20/2023 (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
28%
17%
56%
My opinion
Bearish under 0.217744 USD
My targets
0.208572 USD (-1.56%)
0.201187 USD (-5.05%)
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 0.217744 USD. Crossing the first support at 0.208572 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.201187 USD as an objective. Crossing it would then enable sellers to target 0.198468 USD. Caution, a return to above the resistance located at 0.217744 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
3.9
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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 0.211877 USD. The price has increased by +0.00% since the last closing and was between 0.211494 USD and 0.217300 USD. This implies that the price is at +0.18% from its lowest and at -2.50% from its highest.0.211494
0.217300
0.211877
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in 1H shows a overall strongly bearish trend. The signals given by moving averages are 82.14% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 10 are neutral and 3 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
RSI indicator is back under 50
Type : Bearish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.201187 | 0.208572 | 0.211672 | 0.211877 | 0.217744 | 0.220362 | 0.230382 |
| Change (%) | -5.05% | -1.56% | -0.10% | - | +2.77% | +4.00% | +8.73% |
| Change | -0.010690 | -0.003305 | -0.000205 | - | +0.005867 | +0.008485 | +0.018505 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Major |
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 | 0.204723 | 0.207745 | 0.209757 | 0.212779 | 0.214791 | 0.217813 | 0.219825 |
| Camarilla | 0.210386 | 0.210847 | 0.211309 | 0.211770 | 0.212232 | 0.212693 | 0.213154 |
| Woodie | 0.204219 | 0.207493 | 0.209253 | 0.212527 | 0.214287 | 0.217561 | 0.219321 |
| Fibonacci | 0.207745 | 0.209668 | 0.210856 | 0.212779 | 0.214702 | 0.215890 | 0.217813 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.173623 | 0.188806 | 0.202461 | 0.217644 | 0.231299 | 0.246482 | 0.260137 |
| Camarilla | 0.208185 | 0.210828 | 0.213472 | 0.216115 | 0.218759 | 0.221402 | 0.224046 |
| Woodie | 0.172858 | 0.188424 | 0.201696 | 0.217262 | 0.230534 | 0.246100 | 0.259372 |
| Fibonacci | 0.188806 | 0.199822 | 0.206628 | 0.217644 | 0.228660 | 0.235466 | 0.246482 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 50.12 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 19.540391 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.211564 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.217185 | |
| Elder Ray (13): | 0.001196 | |
| Super Trend (3,10): | 0.217522 | |
| Zig ZAG (10): | 0.212098 | |
| VORTEX (21): | 1.0042 | |
| Stochastique (14,3,5): | 10.20 | |
| TEMA (21): | 0.211902 | |
| Williams %R (14): | -90.68 | |
| Chande Momentum Oscillator (20): | 0.000236 | |
| Repulse (5,40,3): | -1.4444 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0176 | |
| Courbe Coppock: | 0.30 |
| MA7: | 0.209608 | |
| MA20: | 0.219402 | |
| MA50: | 0.234282 | |
| MA100: | 0.240217 | |
| MAexp7: | 0.211871 | |
| MAexp20: | 0.211953 | |
| MAexp50: | 0.212511 | |
| MAexp100: | 0.212385 | |
| Price / MA7: | +1.08% | |
| Price / MA20: | -3.43% | |
| Price / MA50: | -9.56% | |
| Price / MA100: | -11.80% | |
| Price / MAexp7: | +0.00% | |
| Price / MAexp20: | -0.04% | |
| Price / MAexp50: | -0.30% | |
| Price / MAexp100: | -0.24% |
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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