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 06/15/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

67%

11%

My opinion

Bearish under 0.182169 USD

My targets

0.129622 USD (-20.12%)

0.098581 USD (-39.25%)

My analysis

GOLEM NETWORK TOKEN - GLM/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.182169 USD. The next support located at 0.129622 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.098581 USD. Below this support, sellers could then target 0.080000 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

7.5

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 rating is 0.162268 USD. On the day, this instrument lost -0.02% and was between 0.161542 USD and 0.163762 USD. This implies that the price is at +0.45% from its lowest and at -0.91% from its highest.

0.161542

0.163762

0.162268

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

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by GOLEM NETWORK TOKEN - GLM/USD:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 2 are neutral and 12 are bearish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found no further results concerning independent technical indicators.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near support of channel

Type : Bullish

Timeframe : Daily

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

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S1	Price	R1	R2	R3
ProTrendLines	0.080000	0.162268	0.188770	0.206623	0.220362
Change (%)	-50.70%	-	+16.33%	+27.33%	+35.80%
Change	-0.082268	-	+0.026502	+0.044355	+0.058094
Level	Intermediate	-	Minor	Minor	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	0.144403	0.152791	0.157548	0.165936	0.170693	0.179081	0.183838
Camarilla	0.158690	0.159895	0.161100	0.162305	0.163510	0.164715	0.165920
Woodie	0.142588	0.151883	0.155733	0.165028	0.168878	0.178173	0.182023
Fibonacci	0.152791	0.157812	0.160915	0.165936	0.170957	0.174060	0.179081

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.098581	0.129890	0.148919	0.180228	0.199257	0.230566	0.249595
Camarilla	0.154104	0.158718	0.163333	0.167947	0.172561	0.177176	0.181790
Woodie	0.092440	0.126820	0.142778	0.177158	0.193116	0.227496	0.243454
Fibonacci	0.129890	0.149119	0.160999	0.180228	0.199457	0.211337	0.230566

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.129622	0.158642	0.182169	0.211189	0.234716	0.263736	0.287263
Camarilla	0.191246	0.196062	0.200879	0.205696	0.210513	0.215330	0.220146
Woodie	0.126876	0.157269	0.179423	0.209816	0.231970	0.262363	0.284517
Fibonacci	0.158642	0.178715	0.191116	0.211189	0.231262	0.243663	0.263736

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):	24.86
MACD (12,26,9):	-0.0131
Directional Movement:	-23.989417
AROON (14):	-64.285714
DEMA (21):	0.170355
Parabolic SAR (0,02-0,02-0,2):	0.194866
Elder Ray (13):	-0.016565
Super Trend (3,10):	0.190718
Zig ZAG (10):	0.163182
VORTEX (21):	0.7450
Stochastique (14,3,5):	7.23
TEMA (21):	0.164425
Williams %R (14):	-96.02
Chande Momentum Oscillator (20):	-0.043380
Repulse (5,40,3):	-6.0558
ROCnROLL:	2
TRIX (15,9):	-0.6870
Courbe Coppock:	35.43

MA7:	0.169845
MA20:	0.191376
MA50:	0.208271
MA100:	0.224087
MAexp7:	0.170777
MAexp20:	0.186316
MAexp50:	0.204040
MAexp100:	0.217194
Price / MA7:	-4.46%
Price / MA20:	-15.21%
Price / MA50:	-22.09%
Price / MA100:	-27.59%
Price / MAexp7:	-4.98%
Price / MAexp20:	-12.91%
Price / MAexp50:	-20.47%
Price / MAexp100:	-25.29%

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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