GOLEM NETWORK TOKEN - GNT/USD - 1H - Technical analysis published on 05/20/2020 (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:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 0.047011 USD
My targets
0.049841 USD (+4.65%)
0.052742 USD (+10.74%)
My analysis
GOLEM NETWORK TOKEN - GNT/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 0.047011 USD. The next resistance located at 0.049841 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 0.052742 USD. After this resistance, buyers could then target 0.057474 USD. With the current pattern, you will need to monitor for possible bullish 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 bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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 Vincent Launay.
Additional analysis
Quotes
The GOLEM NETWORK TOKEN - GNT/USD price is 0.047626 USD. The price has increased by +2.28% since the last closing and was between 0.045921 USD and 0.047637 USD. This implies that the price is at +3.71% from its lowest and at -0.02% from its highest.0.045921
0.047637
0.047626
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this GOLEM NETWORK TOKEN - GNT/USD chart shows a strongly bullish trend. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
MACD indicator: bearish divergence
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of triangle is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.044883 | 0.046011 | 0.047011 | 0.047626 | 0.047835 | 0.052742 | 0.057474 |
| Change (%) | -5.76% | -3.39% | -1.29% | - | +0.44% | +10.74% | +20.68% |
| Change | -0.002743 | -0.001615 | -0.000615 | - | +0.000209 | +0.005116 | +0.009848 |
| Level | Intermediate | Minor | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.043376 | 0.044125 | 0.045346 | 0.046095 | 0.047316 | 0.048065 | 0.049286 |
| Camarilla | 0.046024 | 0.046205 | 0.046385 | 0.046566 | 0.046747 | 0.046927 | 0.047108 |
| Woodie | 0.043611 | 0.044243 | 0.045581 | 0.046213 | 0.047551 | 0.048183 | 0.049521 |
| Fibonacci | 0.044125 | 0.044878 | 0.045343 | 0.046095 | 0.046848 | 0.047313 | 0.048065 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.030351 | 0.034220 | 0.040096 | 0.043965 | 0.049841 | 0.053710 | 0.059586 |
| Camarilla | 0.043291 | 0.044184 | 0.045078 | 0.045971 | 0.046864 | 0.047758 | 0.048651 |
| Woodie | 0.031354 | 0.034722 | 0.041099 | 0.044467 | 0.050844 | 0.054212 | 0.060589 |
| Fibonacci | 0.034220 | 0.037943 | 0.040243 | 0.043965 | 0.047688 | 0.049988 | 0.053710 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.63 | |
| MACD (12,26,9): | 0.0003 | |
| Directional Movement: | 13.628603 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.046792 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.045944 | |
| Elder Ray (13): | 0.000499 | |
| Super Trend (3,10): | 0.045466 | |
| Zig ZAG (10): | 0.047621 | |
| VORTEX (21): | 1.1093 | |
| Stochastique (14,3,5): | 72.35 | |
| TEMA (21): | 0.046977 | |
| Williams %R (14): | -6.62 | |
| Chande Momentum Oscillator (20): | 0.000971 | |
| Repulse (5,40,3): | 2.5496 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0719 | |
| Courbe Coppock: | 2.05 |
| MA7: | 0.045393 | |
| MA20: | 0.044528 | |
| MA50: | 0.040754 | |
| MA100: | 0.044670 | |
| MAexp7: | 0.046604 | |
| MAexp20: | 0.046455 | |
| MAexp50: | 0.046120 | |
| MAexp100: | 0.045730 | |
| Price / MA7: | +4.92% | |
| Price / MA20: | +6.96% | |
| Price / MA50: | +16.86% | |
| Price / MA100: | +6.62% | |
| Price / MAexp7: | +2.19% | |
| Price / MAexp20: | +2.52% | |
| Price / MAexp50: | +3.27% | |
| Price / MAexp100: | +4.15% |
This member declared not having a position on this financial instrument or a related financial instrument.
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