GOLEM - GLM/USD - 1H - Technical analysis published on 07/04/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.188090 USD
My targets
0.193064 USD (+0.73%)
0.196700 USD (+2.63%)
My analysis
The basic bullish trend is very strong on GOLEM NETWORK TOKEN - GLM/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 0.188090 USD. Crossing the first resistance at 0.193064 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 0.196700 USD as an objective. Crossing it would then enable buyers to target 0.201317 USD. Caution, a return to below 0.188090 USD would be a sign of a consolidation phase in 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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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 rating is 0.191656 USD. The price registered a decrease of -0.03% on the session with the lowest point at 0.187393 USD and the highest point at 0.192334 USD. The deviation from the price is +2.27% for the low point and -0.35% for the high point.0.187393
0.192334
0.191656
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 this 1H chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a moderate bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Aroon indicator bullish trend
Type : Bullish
Timeframe : 1 hour
MACD indicator is back over 0
Type : Bullish
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
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
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 | 0.180184 | 0.186312 | 0.188090 | 0.191656 | 0.193064 | 0.196700 | 0.201317 |
| Change (%) | -5.99% | -2.79% | -1.86% | - | +0.73% | +2.63% | +5.04% |
| Change | -0.011472 | -0.005344 | -0.003566 | - | +0.001408 | +0.005044 | +0.009661 |
| Level | Intermediate | Intermediate | Intermediate | - | Intermediate | Minor | Minor |
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 | 0.183810 | 0.185925 | 0.188873 | 0.190988 | 0.193936 | 0.196051 | 0.198999 |
| Camarilla | 0.190428 | 0.190892 | 0.191356 | 0.191820 | 0.192284 | 0.192748 | 0.193212 |
| Woodie | 0.184226 | 0.186133 | 0.189289 | 0.191196 | 0.194352 | 0.196259 | 0.199415 |
| Fibonacci | 0.185925 | 0.187859 | 0.189054 | 0.190988 | 0.192922 | 0.194117 | 0.196051 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.137068 | 0.155744 | 0.169650 | 0.188326 | 0.202232 | 0.220908 | 0.234814 |
| Camarilla | 0.174595 | 0.177582 | 0.180568 | 0.183555 | 0.186542 | 0.189528 | 0.192515 |
| Woodie | 0.134682 | 0.154552 | 0.167264 | 0.187134 | 0.199846 | 0.219716 | 0.232428 |
| Fibonacci | 0.155744 | 0.168191 | 0.175880 | 0.188326 | 0.200773 | 0.208462 | 0.220908 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092290 | 0.125275 | 0.154397 | 0.187382 | 0.216504 | 0.249489 | 0.278611 |
| Camarilla | 0.166440 | 0.172133 | 0.177826 | 0.183519 | 0.189212 | 0.194905 | 0.200598 |
| Woodie | 0.090359 | 0.124309 | 0.152466 | 0.186416 | 0.214573 | 0.248523 | 0.276680 |
| Fibonacci | 0.125275 | 0.149000 | 0.163657 | 0.187382 | 0.211107 | 0.225764 | 0.249489 |
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): | 53.01 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 5.672229 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.189952 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.187901 | |
| Elder Ray (13): | 0.000908 | |
| Super Trend (3,10): | 0.185987 | |
| Zig ZAG (10): | 0.190344 | |
| VORTEX (21): | 0.9572 | |
| Stochastique (14,3,5): | 51.95 | |
| TEMA (21): | 0.189704 | |
| Williams %R (14): | -20.84 | |
| Chande Momentum Oscillator (20): | 0.000993 | |
| Repulse (5,40,3): | 0.1183 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0044 | |
| Courbe Coppock: | 0.90 |
| MA7: | 0.184740 | |
| MA20: | 0.179570 | |
| MA50: | 0.191934 | |
| MA100: | 0.214002 | |
| MAexp7: | 0.189800 | |
| MAexp20: | 0.189935 | |
| MAexp50: | 0.189296 | |
| MAexp100: | 0.187871 | |
| Price / MA7: | +3.74% | |
| Price / MA20: | +6.73% | |
| Price / MA50: | -0.14% | |
| Price / MA100: | -10.44% | |
| Price / MAexp7: | +0.98% | |
| Price / MAexp20: | +0.91% | |
| Price / MAexp50: | +1.25% | |
| Price / MAexp100: | +2.01% |
Quotes :
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Real time data
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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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