GOLEM - GLM/USD - 1H - Technical analysis published on 04/02/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
33%
39%
28%
My opinion
Bearish under 0.576854 USD
My targets
0.551674 USD (-1.68%)
0.517356 USD (-7.79%)
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 0.576854 USD. The next support located at 0.551674 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 0.517356 USD. Below this support, sellers could then target 0.497210 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
0
10
6.3
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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 0.561083 USD. The price is lower by -0.87% since the last closing and was traded between 0.552606 USD and 0.604086 USD over the period. The price is currently at +1.53% from its lowest and -7.12% from its highest.0.552606
0.604086
0.561083
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Price is back under the pivot point
Type : Bearish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.497210 | 0.517356 | 0.551674 | 0.561083 | 0.576854 | 0.617713 | 0.640000 |
| Change (%) | -11.38% | -7.79% | -1.68% | - | +2.81% | +10.09% | +14.07% |
| Change | -0.063873 | -0.043727 | -0.009409 | - | +0.015771 | +0.056630 | +0.078917 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Intermediate | Major |
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 | 0.466636 | 0.504280 | 0.535142 | 0.572786 | 0.603648 | 0.641292 | 0.672154 |
| Camarilla | 0.547165 | 0.553445 | 0.559724 | 0.566004 | 0.572284 | 0.578563 | 0.584843 |
| Woodie | 0.463245 | 0.502585 | 0.531751 | 0.571091 | 0.600257 | 0.639597 | 0.668763 |
| Fibonacci | 0.504280 | 0.530449 | 0.546617 | 0.572786 | 0.598955 | 0.615123 | 0.641292 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.231589 | 0.351841 | 0.470675 | 0.590927 | 0.709761 | 0.830013 | 0.948847 |
| Camarilla | 0.523761 | 0.545678 | 0.567594 | 0.589510 | 0.611426 | 0.633342 | 0.655259 |
| Woodie | 0.230881 | 0.351487 | 0.469967 | 0.590573 | 0.709053 | 0.829659 | 0.948139 |
| Fibonacci | 0.351841 | 0.443172 | 0.499596 | 0.590927 | 0.682258 | 0.738682 | 0.830013 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.015182 | 0.176409 | 0.393518 | 0.585109 | 0.802218 | 0.993809 | 1.210918 |
| Camarilla | 0.498235 | 0.535699 | 0.573163 | 0.610627 | 0.648091 | 0.685555 | 0.723020 |
| Woodie | -0.002423 | 0.182789 | 0.406277 | 0.591489 | 0.814977 | 1.000189 | 1.223677 |
| Fibonacci | 0.176409 | 0.332532 | 0.428986 | 0.585109 | 0.741232 | 0.837686 | 0.993809 |
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): | 43.19 | |
| MACD (12,26,9): | -0.0035 | |
| Directional Movement: | -1.275106 | |
| AROON (14): | 57.142858 | |
| DEMA (21): | 0.563171 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.603056 | |
| Elder Ray (13): | -0.007435 | |
| Super Trend (3,10): | 0.558433 | |
| Zig ZAG (10): | 0.562199 | |
| VORTEX (21): | 0.9848 | |
| Stochastique (14,3,5): | 35.75 | |
| TEMA (21): | 0.567439 | |
| Williams %R (14): | -61.29 | |
| Chande Momentum Oscillator (20): | 0.014620 | |
| Repulse (5,40,3): | -0.3977 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1410 | |
| Courbe Coppock: | 2.91 |
| MA7: | 0.586223 | |
| MA20: | 0.535701 | |
| MA50: | 0.482143 | |
| MA100: | 0.351881 | |
| MAexp7: | 0.567851 | |
| MAexp20: | 0.569885 | |
| MAexp50: | 0.578927 | |
| MAexp100: | 0.583805 | |
| Price / MA7: | -4.29% | |
| Price / MA20: | +4.74% | |
| Price / MA50: | +16.37% | |
| Price / MA100: | +59.45% | |
| Price / MAexp7: | -1.19% | |
| Price / MAexp20: | -1.54% | |
| Price / MAexp50: | -3.08% | |
| Price / MAexp100: | -3.89% |
Quotes :
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Real time data
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Cryptocompare
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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