GOLEM NETWORK TOKEN - GNT/USD

GNTUSD

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	GNTUSD
ISIN:

GOLEM NETWORK TOKEN - GNT/USD - 1H - Technical analysis published on 09/12/2019 (GMT)

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

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GOLEM NETWORK TOKEN - GNT/USD Chart

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Slightly bullish

Technical indicators

61%

33%

My opinion

Bullish above 0.057112 USD

My targets

0.059330 USD (+1.23%)

0.060719 USD (+3.59%)

My analysis

Golem Network Token - GNT/USD is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 0.057112 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 0.059330 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 0.060719 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 0.061795 USD. Beware of a possible return to under the support located at 0.057112 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

4.6

Comment on the analysis

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 0.058612 USD. The price has increased by +3.21% since the last closing with the lowest point at 0.055989 USD and the highest point at 0.061293 USD. The deviation from the price is +4.68% for the low point and -4.37% for the high point.

0.055989

0.061293

0.058612

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Volumes scanner notes the presence of abnormal volumes:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of Golem Network Token - GNT/USD in 1H shows an overall slightly bullish trend. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:

Bearish trend reversal : Moving Average 100

Type : Bearish

Timeframe : 1 hour

Bearish price crossover with adaptative moving average 100

Type : Bearish

Timeframe : 1 hour

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish harami

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.048858	0.055690	0.057112	0.058612	0.059330	0.060719	0.061795
Change (%)	-16.64%	-4.99%	-2.56%	-	+1.23%	+3.59%	+5.43%
Change	-0.009754	-0.002922	-0.001500	-	+0.000718	+0.002107	+0.003183
Level	Minor	Intermediate	Major	-	Intermediate	Minor	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	0.050753	0.053558	0.055173	0.057978	0.059593	0.062398	0.064013
Camarilla	0.055574	0.055979	0.056384	0.056789	0.057194	0.057599	0.058005
Woodie	0.050159	0.053261	0.054579	0.057681	0.058999	0.062101	0.063419
Fibonacci	0.053558	0.055246	0.056289	0.057978	0.059666	0.060709	0.062398

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.049645	0.052661	0.055639	0.058655	0.061633	0.064649	0.067627
Camarilla	0.056970	0.057519	0.058069	0.058618	0.059168	0.059717	0.060266
Woodie	0.049627	0.052652	0.055621	0.058646	0.061615	0.064640	0.067609
Fibonacci	0.052661	0.054950	0.056365	0.058655	0.060944	0.062359	0.064649

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.022522	0.034694	0.047696	0.059868	0.072870	0.085042	0.098044
Camarilla	0.053774	0.056082	0.058389	0.060697	0.063005	0.065312	0.067620
Woodie	0.022936	0.034902	0.048110	0.060076	0.073284	0.085250	0.098458
Fibonacci	0.034694	0.044311	0.050252	0.059868	0.069485	0.075426	0.085042

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):	55.71
MACD (12,26,9):	0.0001
Directional Movement:	11.409920
AROON (14):	-35.714287
DEMA (21):	0.058151
Parabolic SAR (0,02-0,02-0,2):	0.061083
Elder Ray (13):	0.000083
Super Trend (3,10):	0.055827
Zig ZAG (10):	0.058648
VORTEX (21):	1.0477
Stochastique (14,3,5):	49.82
TEMA (21):	0.058391
Williams %R (14):	-29.88
Chande Momentum Oscillator (20):	0.000984
Repulse (5,40,3):	0.3857
ROCnROLL:	2
TRIX (15,9):	-0.0087
Courbe Coppock:	1.14

MA7:	0.058403
MA20:	0.059176
MA50:	0.057944
MA100:	0.072101
MAexp7:	0.058176
MAexp20:	0.058118
MAexp50:	0.058300
MAexp100:	0.058510
Price / MA7:	+0.36%
Price / MA20:	-0.95%
Price / MA50:	+1.15%
Price / MA100:	-18.71%
Price / MAexp7:	+0.75%
Price / MAexp20:	+0.85%
Price / MAexp50:	+0.54%
Price / MAexp100:	+0.17%

This member declared not having a position on this financial instrument or a related financial instrument.

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