GOLEM NETWORK TOKEN - GNT/USD - 1H - Technical analysis published on 05/12/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
GOLEM NETWORK TOKEN - GNT/USD Chart
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 0.042692 USD
My targets
0.044971 USD (+3.83%)
0.047098 USD (+8.74%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on GOLEM NETWORK TOKEN - GNT/USD. This is a positive signal for buyers. As long as the price remains above 0.042692 USD, a purchase could be considered. The first bullish objective is located at 0.044971 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 0.047098 USD as an objective. Crossing it would then enable buyers to target 0.048113 USD. In the event of a return below 0.042692 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
6.4
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
GOLEM NETWORK TOKEN - GNT/USD rating 0.043314 USD. The price has increased by +7.57% since the last closing and was traded between 0.039729 USD and 0.043653 USD over the period. The price is currently at +9.02% from its lowest and -0.78% from its highest.0.039729
0.043653
0.043314
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:
Technical
A technical analysis in 1H of this GOLEM NETWORK TOKEN - GNT/USD chart shows a bullish trend. The signals returned by the moving averages are 67.86% bullish. This bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish price crossover with Moving Average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Horizontal support is broken
Type : Bearish
Timeframe : 1 hour
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 | 0.039564 | 0.041361 | 0.042692 | 0.043314 | 0.044971 | 0.047098 | 0.048113 |
| Change (%) | -8.66% | -4.51% | -1.44% | - | +3.83% | +8.74% | +11.08% |
| Change | -0.003750 | -0.001953 | -0.000622 | - | +0.001657 | +0.003784 | +0.004799 |
| Level | Minor | Major | Major | - | 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 | 0.033388 | 0.035739 | 0.038003 | 0.040354 | 0.042618 | 0.044969 | 0.047233 |
| Camarilla | 0.038998 | 0.039421 | 0.039844 | 0.040267 | 0.040690 | 0.041113 | 0.041536 |
| Woodie | 0.033345 | 0.035717 | 0.037960 | 0.040332 | 0.042575 | 0.044947 | 0.047190 |
| Fibonacci | 0.035739 | 0.037502 | 0.038591 | 0.040354 | 0.042117 | 0.043206 | 0.044969 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.035200 | 0.037954 | 0.041589 | 0.044343 | 0.047978 | 0.050732 | 0.054367 |
| Camarilla | 0.043466 | 0.044052 | 0.044637 | 0.045223 | 0.045809 | 0.046394 | 0.046980 |
| Woodie | 0.035640 | 0.038174 | 0.042029 | 0.044563 | 0.048418 | 0.050952 | 0.054807 |
| Fibonacci | 0.037954 | 0.040395 | 0.041903 | 0.044343 | 0.046784 | 0.048292 | 0.050732 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.019179 | 0.025815 | 0.034063 | 0.040699 | 0.048947 | 0.055583 | 0.063831 |
| Camarilla | 0.038219 | 0.039583 | 0.040948 | 0.042312 | 0.043676 | 0.045041 | 0.046405 |
| Woodie | 0.019986 | 0.026218 | 0.034870 | 0.041102 | 0.049754 | 0.055986 | 0.064638 |
| Fibonacci | 0.025815 | 0.031500 | 0.035013 | 0.040699 | 0.046384 | 0.049897 | 0.055583 |
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): | 74.96 | |
| MACD (12,26,9): | 0.0006 | |
| Directional Movement: | 12.763472 | |
| AROON (14): | 100.000000 | |
| DEMA (21): | 0.042224 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.040891 | |
| Elder Ray (13): | 0.001357 | |
| Super Trend (3,10): | 0.041037 | |
| Zig ZAG (10): | 0.043648 | |
| VORTEX (21): | 1.2290 | |
| Stochastique (14,3,5): | 93.19 | |
| TEMA (21): | 0.042830 | |
| Williams %R (14): | -5.96 | |
| Chande Momentum Oscillator (20): | 0.002876 | |
| Repulse (5,40,3): | 3.4299 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1066 | |
| Courbe Coppock: | 10.48 |
| MA7: | 0.043560 | |
| MA20: | 0.043029 | |
| MA50: | 0.038869 | |
| MA100: | 0.044902 | |
| MAexp7: | 0.042421 | |
| MAexp20: | 0.041563 | |
| MAexp50: | 0.041385 | |
| MAexp100: | 0.042014 | |
| Price / MA7: | -0.56% | |
| Price / MA20: | +0.66% | |
| Price / MA50: | +11.44% | |
| Price / MA100: | -3.54% | |
| Price / MAexp7: | +2.11% | |
| Price / MAexp20: | +4.21% | |
| Price / MAexp50: | +4.66% | |
| Price / MAexp100: | +3.09% |
This member declared not having a position on this financial instrument or a related financial instrument.
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