GOLEM - GLM/USD - 1H - Technical analysis published on 06/18/2024 (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:
Neutral
Underlying:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 0.391969 USD
My targets
0.367977 USD (-4.92%)
0.347549 USD (-10.20%)
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 under the resistance located at 0.391969 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 0.367977 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 0.347549 USD as an objective. Crossing it would then enable sellers to target 0.309020 USD. If the resistance 0.391969 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
1.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLEM NETWORK TOKEN - GLM/USD rating is 0.387026 USD. The price has increased by +3.82% since the last closing with the lowest point at 0.359866 USD and the highest point at 0.411332 USD. The deviation from the price is +7.55% for the low point and -5.91% for the high point.0.359866
0.411332
0.387026
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:
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in 1H shows an overall bearish trend. 75.00% of the signals given by moving averages are bearish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : 1 hour
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, 11 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
RSI indicator is back over 50
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is back over -50
Type : Bullish
Timeframe : 1 hour
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.309020 | 0.347549 | 0.367202 | 0.387026 | 0.391969 | 0.405378 | 0.447035 |
| Change (%) | -20.16% | -10.20% | -5.12% | - | +1.28% | +4.74% | +15.51% |
| Change | -0.078006 | -0.039477 | -0.019824 | - | +0.004943 | +0.018352 | +0.060009 |
| Level | Intermediate | Intermediate | Minor | - | Minor | Intermediate | Intermediate |
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 | 0.289135 | 0.328169 | 0.350477 | 0.389511 | 0.411819 | 0.450853 | 0.473161 |
| Camarilla | 0.355917 | 0.361540 | 0.367163 | 0.372786 | 0.378409 | 0.384032 | 0.389655 |
| Woodie | 0.280773 | 0.323988 | 0.342115 | 0.385330 | 0.403457 | 0.446672 | 0.464799 |
| Fibonacci | 0.328169 | 0.351601 | 0.366078 | 0.389511 | 0.412943 | 0.427420 | 0.450853 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.329392 | 0.367977 | 0.397592 | 0.436177 | 0.465792 | 0.504377 | 0.533992 |
| Camarilla | 0.408452 | 0.414704 | 0.420955 | 0.427207 | 0.433459 | 0.439710 | 0.445962 |
| Woodie | 0.324907 | 0.365735 | 0.393107 | 0.433935 | 0.461307 | 0.502135 | 0.529507 |
| Fibonacci | 0.367977 | 0.394029 | 0.410125 | 0.436177 | 0.462229 | 0.478325 | 0.504377 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.165755 | 0.298935 | 0.402539 | 0.535719 | 0.639323 | 0.772503 | 0.876107 |
| Camarilla | 0.441026 | 0.462732 | 0.484437 | 0.506142 | 0.527847 | 0.549552 | 0.571258 |
| Woodie | 0.150966 | 0.291541 | 0.387750 | 0.528325 | 0.624534 | 0.765109 | 0.861318 |
| Fibonacci | 0.298935 | 0.389387 | 0.445268 | 0.535719 | 0.626171 | 0.682052 | 0.772503 |
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): | 48.58 | |
| MACD (12,26,9): | -0.0049 | |
| Directional Movement: | -1.967014 | |
| AROON (14): | 0 | |
| DEMA (21): | 0.377268 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.365741 | |
| Elder Ray (13): | 0.003301 | |
| Super Trend (3,10): | 0.395837 | |
| Zig ZAG (10): | 0.387474 | |
| VORTEX (21): | 0.9851 | |
| Stochastique (14,3,5): | 49.20 | |
| TEMA (21): | 0.380658 | |
| Williams %R (14): | -41.59 | |
| Chande Momentum Oscillator (20): | 0.010107 | |
| Repulse (5,40,3): | 2.6235 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2599 | |
| Courbe Coppock: | 0.58 |
| MA7: | 0.416428 | |
| MA20: | 0.452704 | |
| MA50: | 0.501294 | |
| MA100: | 0.498684 | |
| MAexp7: | 0.383500 | |
| MAexp20: | 0.385072 | |
| MAexp50: | 0.397473 | |
| MAexp100: | 0.410162 | |
| Price / MA7: | -7.06% | |
| Price / MA20: | -14.51% | |
| Price / MA50: | -22.79% | |
| Price / MA100: | -22.39% | |
| Price / MAexp7: | +0.92% | |
| Price / MAexp20: | +0.51% | |
| Price / MAexp50: | -2.63% | |
| Price / MAexp100: | -5.64% |
Quotes :
-
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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