GOLEM - GLM/USD
GOLEM - GLM/USD
- USD (-)
- Real time data - CoinMarketCap
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Change: -
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High / Low range: -
Type: Cryptocurrencies
Ticker: GLMUSD
ISIN:

GOLEM - GLM/USD - 1H - Technical analysis published on 08/02/2024 (GMT)

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  • Timeframe : 1H
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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.326673 USD
My targets
0.334408 USD (+1.01%)
0.347562 USD (+4.99%)
My analysis
GOLEM NETWORK TOKEN - GLM/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.326673 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 0.334408 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.347562 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.503223 USD. Beware of a possible return to under the support located at 0.326673 USD which would be the sign of a correction of the bullish excesses registered in the short term.

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
0
10
5.7

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 0.331057 USD. The price has increased by +5.81% since the last closing and was between 0.297609 USD and 0.366650 USD. This implies that the price is at +11.24% from its lowest and at -9.71% from its highest.

0.297609
0.366650
0.331057

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.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by GOLEM NETWORK TOKEN - GLM/USD:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in 1H shows an overall slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals several bullish signals that could impact this trend:

Central Indicators

Bullish trend reversal : Moving Average 50

Type : Bullish

Timeframe : 1 hour


Bullish trend reversal : adaptative moving average 100

Type : Bullish

Timeframe : 1 hour



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

Central Indicators

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : 1 hour


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour


Previous candle closed over Bollinger bands

Type : Neutral

Timeframe : 1 hour


Williams %R indicator is overbought : over -20

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 : 1 hour


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



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

Central Patterns

Horizontal resistance is broken

Type : Bullish

Timeframe : 1 hour



The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Central Candlesticks

Long white line

Type : Bullish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 0.309020 0.317240 0.326673 0.331057 0.334408 0.347562 0.503223
Change (%) -6.66% -4.17% -1.32% - +1.01% +4.99% +52.00%
Change -0.022037 -0.013817 -0.004384 - +0.003351 +0.016505 +0.172166
Level Major Minor Minor - Intermediate Major Minor



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

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2505600.2686910.2907790.3089100.3309980.3491290.371217
Camarilla0.3018060.3054930.3091790.3128660.3165530.3202400.323926
Woodie0.2525380.2696800.2927570.3098990.3329760.3501180.373195
Fibonacci0.2686910.2840550.2935470.3089100.3242740.3337660.349129


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.2449570.2777580.3119710.3447720.3789850.4117860.445999
Camarilla0.3277540.3338970.3400400.3461830.3523260.3584690.364612
Woodie0.2456620.2781110.3126760.3451250.3796900.4121390.446704
Fibonacci0.2777580.3033580.3191730.3447720.3703720.3861870.411786


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard0.1070560.1729370.2458130.3116940.3845700.4504510.523327
Camarilla0.2805320.2932510.3059710.3186900.3314090.3441290.356848
Woodie0.1105550.1746860.2493120.3134430.3880690.4522000.526826
Fibonacci0.1729370.2259420.2586890.3116940.3646990.3974460.450451

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 76.01
MACD (12,26,9): 0.0035
Directional Movement: 39.272476
AROON (14): 57.142857
DEMA (21): 0.315329
Parabolic SAR (0,02-0,02-0,2): 0.299979
Elder Ray (13): 0.034706
Super Trend (3,10): 0.317519
Zig ZAG (10): 0.342057
VORTEX (21): 1.2783
Stochastique (14,3,5): 76.80
TEMA (21): 0.321364
Williams %R (14): -33.62
Chande Momentum Oscillator (20): 0.038642
Repulse (5,40,3): 2.9602
ROCnROLL: 1
TRIX (15,9): -0.0299
Courbe Coppock: 5.61
MA7: 0.329250
MA20: 0.338592
MA50: 0.343300
MA100: 0.425222
MAexp7: 0.318475
MAexp20: 0.312648
MAexp50: 0.313891
MAexp100: 0.319790
Price / MA7: +0.55%
Price / MA20: -2.23%
Price / MA50: -3.57%
Price / MA100: -22.14%
Price / MAexp7: +3.95%
Price / MAexp20: +5.89%
Price / MAexp50: +5.47%
Price / MAexp100: +3.52%

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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