GOLEM - GLM/USD
GOLEM - GLM/USD
- USD (-)
- Real time data - CoinMarketCap
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Type: Cryptocurrencies
Ticker: GLMUSD
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GOLEM - GLM/USD - 1H - Technical analysis published on 06/23/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 0.177652 USD
My targets
0.182179 USD (+1.87%)
0.186100 USD (+4.06%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on GOLEM NETWORK TOKEN - GLM/USD. As long as you are above the support located at 0.177652 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 0.182179 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 0.186100 USD as an objective. Crossing it would then enable buyers to target 0.188770 USD. If the support 0.177652 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2

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

GOLEM NETWORK TOKEN - GLM/USD rating 0.178831 USD. The price registered a decrease of -0.03% on the session with the lowest point at 0.177640 USD and the highest point at 0.180174 USD. The deviation from the price is +0.67% for the low point and -0.75% for the high point.

0.177640
0.180174
0.178831

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

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this 1H chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Support of channel is broken

Type : Bearish

Timeframe : 1 hour



From the Japanese candlestick perspective, the Central Candlesticks scanner notes the presence of these results that could impact the short-term trend:

Central Candlesticks

White gravestone / inverted hammer

Type : Neutral

Timeframe : 1 hour


Gravestone doji

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.164706 0.169575 0.177652 0.178831 0.182179 0.186100 0.188770
Change (%) -7.90% -5.18% -0.66% - +1.87% +4.06% +5.56%
Change -0.014125 -0.009256 -0.001179 - +0.003348 +0.007269 +0.009939
Level Intermediate Intermediate Major - Minor Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1680900.1731350.1760090.1810540.1839280.1889730.191847
Camarilla0.1767040.1774300.1781560.1788820.1796080.1803340.181060
Woodie0.1670040.1725920.1749230.1805110.1828420.1884300.190761
Fibonacci0.1731350.1761600.1780290.1810540.1840790.1859480.188973


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1426110.1504360.1591060.1669310.1756010.1834260.192096
Camarilla0.1632410.1647530.1662650.1677770.1692890.1708010.172313
Woodie0.1430350.1506470.1595300.1671420.1760250.1836370.192520
Fibonacci0.1504360.1567370.1606300.1669310.1732320.1771250.183426


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1296220.1586420.1821690.2111890.2347160.2637360.287263
Camarilla0.1912460.1960620.2008790.2056960.2105130.2153300.220146
Woodie0.1268760.1572690.1794230.2098160.2319700.2623630.284517
Fibonacci0.1586420.1787150.1911160.2111890.2312620.2436630.263736

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): 52.31
MACD (12,26,9): 0.0000
Directional Movement: 10.789627
AROON (14): -85.714286
DEMA (21): 0.180067
Parabolic SAR (0,02-0,02-0,2): 0.183073
Elder Ray (13): -0.000313
Super Trend (3,10): 0.174692
Zig ZAG (10): 0.179986
VORTEX (21): 0.8932
Stochastique (14,3,5): 19.94
TEMA (21): 0.178783
Williams %R (14): -60.14
Chande Momentum Oscillator (20): -0.000165
Repulse (5,40,3): -0.4905
ROCnROLL: -1
TRIX (15,9): 0.0342
Courbe Coppock: 3.86
MA7: 0.173253
MA20: 0.178362
MA50: 0.198967
MA100: 0.220329
MAexp7: 0.179015
MAexp20: 0.179590
MAexp50: 0.177865
MAexp100: 0.174771
Price / MA7: +3.22%
Price / MA20: +0.26%
Price / MA50: -10.12%
Price / MA100: -18.83%
Price / MAexp7: -0.10%
Price / MAexp20: -0.42%
Price / MAexp50: +0.54%
Price / MAexp100: +2.32%

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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