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 07/12/2023 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Slightly bearish

Technical indicators

72%

17%

11%

My opinion

Bullish above 0.181915 USD

My targets

0.201317 USD (+2.74%)

0.220362 USD (+12.46%)

My analysis

The strong short-term increase in GOLEM NETWORK TOKEN - GLM/USD calls into question the currently slightly bearish basic trend. A trend reversal is likely. As long as the price remains above 0.181915 USD, you could consider taking advantage of the short-term movement. The first bullish objective is located at 0.201317 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.220362 USD as an objective. Crossing it would then enable buyers to target 0.234744 USD. Caution, a return under 0.181915 USD could jeopardize the reversal.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

2.1

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 0.195942 USD. The price registered a decrease of -0.03% on the session with the lowest point at 0.194691 USD and the highest point at 0.214867 USD. The deviation from the price is +0.64% for the low point and -8.81% for the high point.

0.194691

0.214867

0.195942

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

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

Technical

Technical analysis of this Daily chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is slightly bearish. 57.14% of the signals given by moving averages are bearish. Caution: the strong bullish signals currently being given by short-term moving averages indicate that this slightly bearish trend could quickly be reversed. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 50

Type : Bullish

Timeframe : Daily

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near support of triangle

Type : Bullish

Timeframe : Daily

The presence of these Japanese chandelier patterns detected by Central Candlesticks that could impact the current short-term trend were also noted:

Bearish harami

Type : Bearish

Timeframe : Daily

Doji

Type : Neutral

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.080000	0.162305	0.181915	0.195942	0.201317	0.220362	0.234744
Change (%)	-59.17%	-17.17%	-7.16%	-	+2.74%	+12.46%	+19.80%
Change	-0.115942	-0.033637	-0.014027	-	+0.005375	+0.024420	+0.038802
Level	Intermediate	Intermediate	Intermediate	-	Intermediate	Intermediate	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	0.112656	0.147577	0.171791	0.206712	0.230926	0.265847	0.290061
Camarilla	0.179744	0.185165	0.190585	0.196006	0.201427	0.206847	0.212268
Woodie	0.107304	0.144900	0.166439	0.204035	0.225574	0.263170	0.284709
Fibonacci	0.147577	0.170166	0.184122	0.206712	0.229301	0.243257	0.265847

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.151307	0.165157	0.173719	0.187569	0.196131	0.209981	0.218543
Camarilla	0.176118	0.178172	0.180227	0.182281	0.184335	0.186390	0.188444
Woodie	0.148663	0.163835	0.171075	0.186247	0.193487	0.208659	0.215899
Fibonacci	0.165157	0.173718	0.179008	0.187569	0.196130	0.201420	0.209981

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):	58.46
MACD (12,26,9):	0.0013
Directional Movement:	28.495787
AROON (14):	92.857143
DEMA (21):	0.186762
Parabolic SAR (0,02-0,02-0,2):	0.175765
Elder Ray (13):	0.017578
Super Trend (3,10):	0.163397
Zig ZAG (10):	0.195572
VORTEX (21):	1.0667
Stochastique (14,3,5):	32.71
TEMA (21):	0.191763
Williams %R (14):	-68.28
Chande Momentum Oscillator (20):	0.011729
Repulse (5,40,3):	-13.1919
ROCnROLL:	1
TRIX (15,9):	0.0021
Courbe Coppock:	5.86

MA7:	0.186712
MA20:	0.186209
MA50:	0.187791
MA100:	0.210288
MAexp7:	0.189189
MAexp20:	0.186172
MAexp50:	0.191060
MAexp100:	0.202735
Price / MA7:	+4.94%
Price / MA20:	+5.23%
Price / MA50:	+4.34%
Price / MA100:	-6.82%
Price / MAexp7:	+3.57%
Price / MAexp20:	+5.25%
Price / MAexp50:	+2.56%
Price / MAexp100:	-3.35%

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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