GOLEM - GLM/USD - 1H - Technical analysis published on 03/17/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
39%
33%
28%
My opinion
Bearish under 0.512400 USD
My targets
0.470787 USD (-6.94%)
0.405378 USD (-19.87%)
My analysis
The bearish trend is currently very strong for GOLEM NETWORK TOKEN - GLM/USD. As long as the price remains below the resistance at 0.512400 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 0.470787 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 0.405378 USD as an objective. Crossing it would then enable sellers to target 0.309445 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.9
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Additional analysis
Quotes
The GOLEM NETWORK TOKEN - GLM/USD price is 0.505900 USD. The price has increased by +3.96% since the last closing and was between 0.468300 USD and 0.529600 USD. This implies that the price is at +8.03% from its lowest and at -4.48% from its highest.0.468300
0.529600
0.505900
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Abnormal volumes
Timeframe : 50 days
Technical
Technical analysis of GOLEM NETWORK TOKEN - GLM/USD in 1H shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.256930 | 0.309445 | 0.405378 | 0.505900 | 0.512400 | 0.552548 | 0.598742 |
| Change (%) | -49.21% | -38.83% | -19.87% | - | +1.28% | +9.22% | +18.35% |
| Change | -0.248970 | -0.196455 | -0.100522 | - | +0.006500 | +0.046648 | +0.092842 |
| Level | Intermediate | Major | Intermediate | - | Major | 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 | 0.347224 | 0.411612 | 0.449120 | 0.513508 | 0.551016 | 0.615404 | 0.652912 |
| Camarilla | 0.458607 | 0.467947 | 0.477288 | 0.486628 | 0.495969 | 0.505309 | 0.514649 |
| Woodie | 0.333784 | 0.404892 | 0.435680 | 0.506788 | 0.537576 | 0.608684 | 0.639472 |
| Fibonacci | 0.411612 | 0.450536 | 0.474584 | 0.513508 | 0.552432 | 0.576480 | 0.615404 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.144685 | 0.310343 | 0.398485 | 0.564143 | 0.652285 | 0.817943 | 0.906085 |
| Camarilla | 0.416833 | 0.440098 | 0.463363 | 0.486628 | 0.509893 | 0.533158 | 0.556423 |
| Woodie | 0.105928 | 0.290964 | 0.359728 | 0.544764 | 0.613528 | 0.798564 | 0.867328 |
| Fibonacci | 0.310343 | 0.407294 | 0.467191 | 0.564143 | 0.661094 | 0.720991 | 0.817943 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.001477 | 0.098240 | 0.234655 | 0.334372 | 0.470787 | 0.570504 | 0.706919 |
| Camarilla | 0.306134 | 0.327779 | 0.349425 | 0.371070 | 0.392715 | 0.414361 | 0.436006 |
| Woodie | 0.016872 | 0.107415 | 0.253004 | 0.343547 | 0.489136 | 0.579679 | 0.725268 |
| Fibonacci | 0.098240 | 0.188442 | 0.244170 | 0.334372 | 0.424574 | 0.480302 | 0.570504 |
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): | 43.12 | |
| MACD (12,26,9): | -0.0126 | |
| Directional Movement: | 7.616432 | |
| AROON (14): | -21.428571 | |
| DEMA (21): | 0.491812 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.530864 | |
| Elder Ray (13): | -0.000742 | |
| Super Trend (3,10): | 0.518841 | |
| Zig ZAG (10): | 0.502500 | |
| VORTEX (21): | 0.8330 | |
| Stochastique (14,3,5): | 40.47 | |
| TEMA (21): | 0.493085 | |
| Williams %R (14): | -57.31 | |
| Chande Momentum Oscillator (20): | -0.003471 | |
| Repulse (5,40,3): | -3.3538 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3829 | |
| Courbe Coppock: | 5.30 |
| MA7: | 0.581775 | |
| MA20: | 0.566690 | |
| MA50: | 0.377919 | |
| MA100: | 0.305638 | |
| MAexp7: | 0.501179 | |
| MAexp20: | 0.508851 | |
| MAexp50: | 0.535882 | |
| MAexp100: | 0.564704 | |
| Price / MA7: | -13.04% | |
| Price / MA20: | -10.73% | |
| Price / MA50: | +33.86% | |
| Price / MA100: | +65.52% | |
| Price / MAexp7: | +0.94% | |
| Price / MAexp20: | -0.58% | |
| Price / MAexp50: | -5.59% | |
| Price / MAexp100: | -10.41% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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