GOLEM - GLM/USD - 1H - Technical analysis published on 08/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Bearish
Technical indicators
56%
6%
39%
My opinion
Bearish under 0.302712 USD
My targets
0.293099 USD (-2.17%)
0.280150 USD (-6.49%)
My analysis
In a bearish trend, the price of GOLEM NETWORK TOKEN - GLM/USD tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 0.302712 USD. A bearish break in the support located at 0.293099 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 0.280150 USD. Then 0.267689 USD by extension. It would be safer to wait for a bearish break in the support located at 0.293099 USD before allowing yourself to re trade short positions (for sale) on GOLEM NETWORK TOKEN - GLM/USD. PS: if there is a bullish break in the resistance located at 0.302712 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
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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 0.299594 USD. The price is lower by -0.01% since the last closing and was traded between 0.294991 USD and 0.300581 USD over the period. The price is currently at +1.56% from its lowest and -0.33% from its highest.0.294991
0.300581
0.299594
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by GOLEM NETWORK TOKEN - GLM/USD:
Technical
A technical analysis in 1H of this GOLEM NETWORK TOKEN - GLM/USD chart shows a bearish trend. The signals given by moving averages are at 67.86% bearish. This bearish trend could slow down given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish trend reversal : Moving Average 20
Type : Bullish
Timeframe : 1 hour
In fact, 10 technical indicators on 18 studied are currently bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
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 | 0.267689 | 0.280150 | 0.293099 | 0.299594 | 0.302712 | 0.309020 | 0.328671 |
| Change (%) | -10.65% | -6.49% | -2.17% | - | +1.04% | +3.15% | +9.71% |
| Change | -0.031905 | -0.019444 | -0.006495 | - | +0.003118 | +0.009426 | +0.029077 |
| Level | Major | Minor | Major | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.279676 | 0.287410 | 0.293521 | 0.301255 | 0.307366 | 0.315100 | 0.321211 |
| Camarilla | 0.295824 | 0.297093 | 0.298362 | 0.299631 | 0.300900 | 0.302169 | 0.303438 |
| Woodie | 0.278864 | 0.287004 | 0.292709 | 0.300849 | 0.306554 | 0.314694 | 0.320399 |
| Fibonacci | 0.287410 | 0.292699 | 0.295967 | 0.301255 | 0.306544 | 0.309812 | 0.315100 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.202749 | 0.247807 | 0.273719 | 0.318777 | 0.344689 | 0.389747 | 0.415659 |
| Camarilla | 0.280114 | 0.286620 | 0.293125 | 0.299631 | 0.306137 | 0.312642 | 0.319148 |
| Woodie | 0.193176 | 0.243021 | 0.264146 | 0.313991 | 0.335116 | 0.384961 | 0.406086 |
| Fibonacci | 0.247807 | 0.274918 | 0.291667 | 0.318777 | 0.345888 | 0.362637 | 0.389747 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.107056 | 0.172937 | 0.245813 | 0.311694 | 0.384570 | 0.450451 | 0.523327 |
| Camarilla | 0.280532 | 0.293251 | 0.305971 | 0.318690 | 0.331409 | 0.344129 | 0.356848 |
| Woodie | 0.110555 | 0.174686 | 0.249312 | 0.313443 | 0.388069 | 0.452200 | 0.526826 |
| Fibonacci | 0.172937 | 0.225942 | 0.258689 | 0.311694 | 0.364699 | 0.397446 | 0.450451 |
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): | 52.90 | |
| MACD (12,26,9): | -0.0004 | |
| Directional Movement: | 2.343000 | |
| AROON (14): | -14.285715 | |
| DEMA (21): | 0.297456 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.295092 | |
| Elder Ray (13): | 0.001389 | |
| Super Trend (3,10): | 0.303821 | |
| Zig ZAG (10): | 0.299176 | |
| VORTEX (21): | 1.0461 | |
| Stochastique (14,3,5): | 69.33 | |
| TEMA (21): | 0.297912 | |
| Williams %R (14): | -24.58 | |
| Chande Momentum Oscillator (20): | -0.000422 | |
| Repulse (5,40,3): | 0.2817 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0323 | |
| Courbe Coppock: | 0.26 |
| MA7: | 0.306915 | |
| MA20: | 0.299744 | |
| MA50: | 0.317400 | |
| MA100: | 0.389962 | |
| MAexp7: | 0.298089 | |
| MAexp20: | 0.297943 | |
| MAexp50: | 0.299627 | |
| MAexp100: | 0.301620 | |
| Price / MA7: | -2.39% | |
| Price / MA20: | -0.05% | |
| Price / MA50: | -5.61% | |
| Price / MA100: | -23.17% | |
| Price / MAexp7: | +0.50% | |
| Price / MAexp20: | +0.55% | |
| Price / MAexp50: | -0.01% | |
| Price / MAexp100: | -0.67% |
Quotes :
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Real time data
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Cryptocompare
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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