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 05/30/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bearish

Underlying: Strongly bearish

Technical indicators

56%

39%

My opinion

Bearish under 0.220362 USD

My targets

0.201317 USD (-4.90%)

0.188770 USD (-10.83%)

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 0.220362 USD. Crossing the first support at 0.201317 USD would be a sign of a further potential price plummet. Sellers would then use the next support located at 0.188770 USD as an objective. Crossing it would then enable sellers to target 0.177743 USD. Caution, a return to above the resistance located at 0.220362 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.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

3.4

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 0.211687 USD. On the day, this instrument gained +1.33% and was traded between 0.210200 USD and 0.211785 USD over the period. The price is currently at +0.71% from its lowest and -0.05% from its highest.

0.210200

0.211785

0.211687

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:

Technical

Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 85.71% bearish. This strongly bearish trend seems to be slowing down given the slightly bearish signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Aroon indicator bearish trend

Type : Bearish

Timeframe : Daily

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Williams %R indicator is back over -50

Type : Bullish

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.177743	0.188770	0.201317	0.211687	0.220362	0.230382	0.242285
Change (%)	-16.03%	-10.83%	-4.90%	-	+4.10%	+8.83%	+14.45%
Change	-0.033944	-0.022917	-0.010370	-	+0.008675	+0.018695	+0.030598
Level	Intermediate	Minor	Major	-	Minor	Intermediate	Minor

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	0.198103	0.202786	0.205843	0.210526	0.213583	0.218266	0.221323
Camarilla	0.206772	0.207481	0.208191	0.208900	0.209610	0.210319	0.211029
Woodie	0.197290	0.202380	0.205030	0.210120	0.212770	0.217860	0.220510
Fibonacci	0.202786	0.205743	0.207569	0.210526	0.213483	0.215309	0.218266

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.183744	0.192172	0.199947	0.208375	0.216150	0.224578	0.232353
Camarilla	0.203266	0.204752	0.206237	0.207722	0.209207	0.210693	0.212178
Woodie	0.183418	0.192009	0.199621	0.208212	0.215824	0.224415	0.232027
Fibonacci	0.192172	0.198362	0.202186	0.208375	0.214565	0.218389	0.224578

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.158887	0.189493	0.212297	0.242903	0.265707	0.296313	0.319117
Camarilla	0.220412	0.225308	0.230204	0.235100	0.239996	0.244892	0.249788
Woodie	0.154985	0.187543	0.208395	0.240953	0.261805	0.294363	0.315215
Fibonacci	0.189493	0.209896	0.222501	0.242903	0.263306	0.275911	0.296313

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):	45.99
MACD (12,26,9):	-0.0049
Directional Movement:	-4.666667
AROON (14):	-50.000000
DEMA (21):	0.206014
Parabolic SAR (0,02-0,02-0,2):	0.195442
Elder Ray (13):	0.000172
Super Trend (3,10):	0.234221
Zig ZAG (10):	0.210800
VORTEX (21):	0.9829
Stochastique (14,3,5):	56.28
TEMA (21):	0.207034
Williams %R (14):	-46.08
Chande Momentum Oscillator (20):	0.000340
Repulse (5,40,3):	0.2116
ROCnROLL:	-1
TRIX (15,9):	-0.3837
Courbe Coppock:	1.39

MA7:	0.208412
MA20:	0.210903
MA50:	0.227867
MA100:	0.236576
MAexp7:	0.209981
MAexp20:	0.213216
MAexp50:	0.222727
MAexp100:	0.229583
Price / MA7:	+1.57%
Price / MA20:	+0.37%
Price / MA50:	-7.10%
Price / MA100:	-10.52%
Price / MAexp7:	+0.81%
Price / MAexp20:	-0.72%
Price / MAexp50:	-4.96%
Price / MAexp100:	-7.80%

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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