GOLEM NETWORK TOKEN - GLM/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	GLMUSD
ISIN:

GOLEM NETWORK TOKEN - GLM/USD - 1H - Technical analysis published on 04/02/2024 (GMT)

Londinia

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

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

33%

39%

28%

My opinion

Bearish under 0.576854 USD

My targets

0.551674 USD (-1.68%)

0.517356 USD (-7.79%)

My analysis

GOLEM NETWORK TOKEN - GLM/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 0.576854 USD. The next support located at 0.551674 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 0.517356 USD. Below this support, sellers could then target 0.497210 USD. With the current pattern, you will need to monitor for possible bearish 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 bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.3

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 Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

GOLEM NETWORK TOKEN - GLM/USD rating 0.561083 USD. The price is lower by -0.87% since the last closing and was traded between 0.552606 USD and 0.604086 USD over the period. The price is currently at +1.53% from its lowest and -7.12% from its highest.

0.552606

0.604086

0.561083

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

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 - 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 market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : Moving Average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	0.497210	0.517356	0.551674	0.561083	0.576854	0.617713	0.640000
Change (%)	-11.38%	-7.79%	-1.68%	-	+2.81%	+10.09%	+14.07%
Change	-0.063873	-0.043727	-0.009409	-	+0.015771	+0.056630	+0.078917
Level	Minor	Minor	Intermediate	-	Intermediate	Intermediate	Major

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	0.466636	0.504280	0.535142	0.572786	0.603648	0.641292	0.672154
Camarilla	0.547165	0.553445	0.559724	0.566004	0.572284	0.578563	0.584843
Woodie	0.463245	0.502585	0.531751	0.571091	0.600257	0.639597	0.668763
Fibonacci	0.504280	0.530449	0.546617	0.572786	0.598955	0.615123	0.641292

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	0.231589	0.351841	0.470675	0.590927	0.709761	0.830013	0.948847
Camarilla	0.523761	0.545678	0.567594	0.589510	0.611426	0.633342	0.655259
Woodie	0.230881	0.351487	0.469967	0.590573	0.709053	0.829659	0.948139
Fibonacci	0.351841	0.443172	0.499596	0.590927	0.682258	0.738682	0.830013

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-0.015182	0.176409	0.393518	0.585109	0.802218	0.993809	1.210918
Camarilla	0.498235	0.535699	0.573163	0.610627	0.648091	0.685555	0.723020
Woodie	-0.002423	0.182789	0.406277	0.591489	0.814977	1.000189	1.223677
Fibonacci	0.176409	0.332532	0.428986	0.585109	0.741232	0.837686	0.993809

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):	43.19
MACD (12,26,9):	-0.0035
Directional Movement:	-1.275106
AROON (14):	57.142858
DEMA (21):	0.563171
Parabolic SAR (0,02-0,02-0,2):	0.603056
Elder Ray (13):	-0.007435
Super Trend (3,10):	0.558433
Zig ZAG (10):	0.562199
VORTEX (21):	0.9848
Stochastique (14,3,5):	35.75
TEMA (21):	0.567439
Williams %R (14):	-61.29
Chande Momentum Oscillator (20):	0.014620
Repulse (5,40,3):	-0.3977
ROCnROLL:	2
TRIX (15,9):	-0.1410
Courbe Coppock:	2.91

MA7:	0.586223
MA20:	0.535701
MA50:	0.482143
MA100:	0.351881
MAexp7:	0.567851
MAexp20:	0.569885
MAexp50:	0.578927
MAexp100:	0.583805
Price / MA7:	-4.29%
Price / MA20:	+4.74%
Price / MA50:	+16.37%
Price / MA100:	+59.45%
Price / MAexp7:	-1.19%
Price / MAexp20:	-1.54%
Price / MAexp50:	-3.08%
Price / MAexp100:	-3.89%

Quotes : - Real time data - Cryptocompare

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

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Londinia AI

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