GOLEM NETWORK TOKEN - GLM/USD - 1H - Technical analysis published on 07/09/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 0.184937 USD
My targets
0.179007 USD (-1.80%)
0.176966 USD (-2.92%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on GOLEM NETWORK TOKEN - GLM/USD as long as the price remains well below 0.184937 USD. The next bearish objective for sellers is set at 0.179007 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 0.176966 USD. If there is any crossing, the next objective would be the support located at 0.162305 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible over sold items that could be a sign of a short-term correction.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The GOLEM NETWORK TOKEN - GLM/USD price is 0.182281 USD. On the day, this instrument lost -0.66% and was traded between 0.180326 USD and 0.190189 USD over the period. The price is currently at +1.08% from its lowest and -4.16% from its highest.0.180326
0.190189
0.182281
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 - GLM/USD:
Technical
Technical analysis of this 1H chart of GOLEM NETWORK TOKEN - GLM/USD indicates that the overall trend is strongly bearish. 85.71% of the signals given by moving averages are bearish. This strongly bearish trend is showing signs of slowing down given the slightly bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 4 are bullish, 5 are neutral and 9 are bearish. The Central Indicators scanner specialised in technical indicators, has not detected anything further.
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
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 | 0.176966 | 0.179007 | 0.181295 | 0.182281 | 0.184937 | 0.193053 | 0.196564 |
| Change (%) | -2.92% | -1.80% | -0.54% | - | +1.46% | +5.91% | +7.84% |
| Change | -0.005315 | -0.003274 | -0.000986 | - | +0.002656 | +0.010772 | +0.014283 |
| Level | Major | Minor | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.152152 | 0.165580 | 0.174564 | 0.187992 | 0.196976 | 0.210404 | 0.219388 |
| Camarilla | 0.177386 | 0.179440 | 0.181495 | 0.183549 | 0.185603 | 0.187658 | 0.189712 |
| Woodie | 0.149931 | 0.164469 | 0.172343 | 0.186881 | 0.194755 | 0.209293 | 0.217167 |
| Fibonacci | 0.165580 | 0.174141 | 0.179430 | 0.187992 | 0.196553 | 0.201842 | 0.210404 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.137068 | 0.155744 | 0.169650 | 0.188326 | 0.202232 | 0.220908 | 0.234814 |
| Camarilla | 0.174595 | 0.177582 | 0.180568 | 0.183555 | 0.186542 | 0.189528 | 0.192515 |
| Woodie | 0.134682 | 0.154552 | 0.167264 | 0.187134 | 0.199846 | 0.219716 | 0.232428 |
| Fibonacci | 0.155744 | 0.168191 | 0.175880 | 0.188326 | 0.200773 | 0.208462 | 0.220908 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092290 | 0.125275 | 0.154397 | 0.187382 | 0.216504 | 0.249489 | 0.278611 |
| Camarilla | 0.166440 | 0.172133 | 0.177826 | 0.183519 | 0.189212 | 0.194905 | 0.200598 |
| Woodie | 0.090359 | 0.124309 | 0.152466 | 0.186416 | 0.214573 | 0.248523 | 0.276680 |
| Fibonacci | 0.125275 | 0.149000 | 0.163657 | 0.187382 | 0.211107 | 0.225764 | 0.249489 |
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): | 47.33 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 1.975674 | |
| AROON (14): | -42.857142 | |
| DEMA (21): | 0.181709 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.189615 | |
| Elder Ray (13): | -0.000210 | |
| Super Trend (3,10): | 0.187059 | |
| Zig ZAG (10): | 0.181879 | |
| VORTEX (21): | 0.9480 | |
| Stochastique (14,3,5): | 28.15 | |
| TEMA (21): | 0.181633 | |
| Williams %R (14): | -65.75 | |
| Chande Momentum Oscillator (20): | -0.002540 | |
| Repulse (5,40,3): | 0.6223 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0224 | |
| Courbe Coppock: | 1.59 |
| MA7: | 0.186555 | |
| MA20: | 0.183134 | |
| MA50: | 0.189542 | |
| MA100: | 0.212174 | |
| MAexp7: | 0.181751 | |
| MAexp20: | 0.182216 | |
| MAexp50: | 0.183139 | |
| MAexp100: | 0.184440 | |
| Price / MA7: | -2.29% | |
| Price / MA20: | -0.47% | |
| Price / MA50: | -3.83% | |
| Price / MA100: | -14.09% | |
| Price / MAexp7: | +0.29% | |
| Price / MAexp20: | +0.04% | |
| Price / MAexp50: | -0.47% | |
| Price / MAexp100: | -1.17% |
Quotes :
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Real time data
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This member declared not having a position on this financial instrument or a related financial instrument.
About author
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