GOLEM - GLM/USD
GOLEM - GLM/USD
- USD (-)
- Real time data - CoinMarketCap
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Change: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: GLMUSD
ISIN:

GOLEM - GLM/USD - 1H - Technical analysis published on 05/20/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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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

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:
15 min. Daily Weekly

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.

Central Gaps

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:

Central Indicators

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

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

Central Indicators

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:

Central Patterns

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:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
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
Standard0.2047230.2077450.2097570.2127790.2147910.2178130.219825
Camarilla0.2103860.2108470.2113090.2117700.2122320.2126930.213154
Woodie0.2042190.2074930.2092530.2125270.2142870.2175610.219321
Fibonacci0.2077450.2096680.2108560.2127790.2147020.2158900.217813


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1736230.1888060.2024610.2176440.2312990.2464820.260137
Camarilla0.2081850.2108280.2134720.2161150.2187590.2214020.224046
Woodie0.1728580.1884240.2016960.2172620.2305340.2461000.259372
Fibonacci0.1888060.1998220.2066280.2176440.2286600.2354660.246482


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1542490.1871750.2111370.2440630.2680250.3009510.324913
Camarilla0.2194560.2246710.2298850.2351000.2403150.2455300.250744
Woodie0.1497680.1849340.2066560.2418220.2635440.2987100.320432
Fibonacci0.1871750.2089060.2223320.2440630.2657940.2792200.300951

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 : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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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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