GOLEM NETWORK TOKEN - GNT/USD - 1H - Technical analysis published on 06/03/2020 (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:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 0.051092 USD
My targets
0.048814 USD (-2.37%)
0.048064 USD (-3.87%)
My analysis
Has the basic bearish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bearish trend or a rebound. Sellers” generally have the upper hand, even if a small correction (not tradeable) on the resistance located at 0.051092 USD remains possible. It is advisable to trade GOLEM NETWORK TOKEN - GNT/USD with the greatest caution, while favouring short positions (for sale) as long as the price remains well below 0.051092 USD. The next bearish objective for sellers is set at 0.048814 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.048064 USD. In case of crossing, the next objective would be the support located at 0.046907 USD. PS: if there is a bullish break in the resistance located at 0.051092 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
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
0.7
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This analysis was given by Vincent Launay.
Additional analysis
Quotes
The GOLEM NETWORK TOKEN - GNT/USD price is 0.049999 USD. The price is lower by -0.39% since the last closing and was traded between 0.049125 USD and 0.051229 USD over the period. The price is currently at +1.78% from its lowest and -2.40% from its highest.0.049125
0.051229
0.049999
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 - GNT/USD:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of GOLEM NETWORK TOKEN - GNT/USD indicates that the overall trend is bearish. 67.86% 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 bearish signals that could impact this trend:
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel 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:
Three white soldiers
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.046907 | 0.048064 | 0.048814 | 0.049999 | 0.050040 | 0.051092 | 0.052545 |
| Change (%) | -6.18% | -3.87% | -2.37% | - | +0.08% | +2.19% | +5.09% |
| Change | -0.003092 | -0.001935 | -0.001185 | - | +0.000041 | +0.001093 | +0.002546 |
| Level | Minor | Minor | Intermediate | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.042157 | 0.045110 | 0.047652 | 0.050605 | 0.053147 | 0.056100 | 0.058642 |
| Camarilla | 0.048682 | 0.049186 | 0.049689 | 0.050193 | 0.050697 | 0.051200 | 0.051704 |
| Woodie | 0.041951 | 0.045007 | 0.047446 | 0.050502 | 0.052941 | 0.055997 | 0.058436 |
| Fibonacci | 0.045110 | 0.047209 | 0.048506 | 0.050605 | 0.052704 | 0.054001 | 0.056100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.040901 | 0.043463 | 0.047434 | 0.049996 | 0.053967 | 0.056529 | 0.060500 |
| Camarilla | 0.049607 | 0.050206 | 0.050805 | 0.051404 | 0.052003 | 0.052602 | 0.053201 |
| Woodie | 0.041605 | 0.043815 | 0.048138 | 0.050348 | 0.054671 | 0.056881 | 0.061204 |
| Fibonacci | 0.043463 | 0.045959 | 0.047501 | 0.049996 | 0.052492 | 0.054034 | 0.056529 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.025591 | 0.031841 | 0.041021 | 0.047271 | 0.056451 | 0.062701 | 0.071881 |
| Camarilla | 0.045959 | 0.047373 | 0.048788 | 0.050202 | 0.051616 | 0.053031 | 0.054445 |
| Woodie | 0.027057 | 0.032574 | 0.042487 | 0.048004 | 0.057917 | 0.063434 | 0.073347 |
| Fibonacci | 0.031841 | 0.037735 | 0.041376 | 0.047271 | 0.053165 | 0.056806 | 0.062701 |
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): | 50.08 | |
| MACD (12,26,9): | -0.0002 | |
| Directional Movement: | 6.320172 | |
| AROON (14): | 28.571426 | |
| DEMA (21): | 0.049898 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.048127 | |
| Elder Ray (13): | 0.000418 | |
| Super Trend (3,10): | 0.051456 | |
| Zig ZAG (10): | 0.050332 | |
| VORTEX (21): | 1.0671 | |
| Stochastique (14,3,5): | 68.14 | |
| TEMA (21): | 0.050082 | |
| Williams %R (14): | -45.77 | |
| Chande Momentum Oscillator (20): | 0.000547 | |
| Repulse (5,40,3): | 0.3286 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0894 | |
| Courbe Coppock: | 1.08 |
| MA7: | 0.050697 | |
| MA20: | 0.048968 | |
| MA50: | 0.044496 | |
| MA100: | 0.042386 | |
| MAexp7: | 0.050199 | |
| MAexp20: | 0.050197 | |
| MAexp50: | 0.050593 | |
| MAexp100: | 0.050746 | |
| Price / MA7: | -1.38% | |
| Price / MA20: | +2.11% | |
| Price / MA50: | +12.37% | |
| Price / MA100: | +17.96% | |
| Price / MAexp7: | -0.40% | |
| Price / MAexp20: | -0.39% | |
| Price / MAexp50: | -1.17% | |
| Price / MAexp100: | -1.47% |
Quotes :
2020-06-03 14:28:40
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Real time data
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