GLMR Chart Analysis in Daily Timeframe
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Now, let’s dive into this chart analysis:
For the last 4 months, GGLMR has been in a bearish trend, dropping from $0.7469 to $0.1701 (-77%). The price has reached close to the all-time low level at $0.1603.
GLMR is likely to hold this support and rebound, breaking the resistance trendline and confirming a bullish reversal.
It is interesting to see how the RSI is creating a bullish divergence pattern. If it stays strong, the price will most likely rally from the current market price of $0.1978.
Key Observations:
- Important support: $0.1603 to $0.1804.
- Primary Resistance: $0.228.
- Mid-Resistance: $0.3445.
- Higher Resistance: $0.7469.
- RSI: Bullish Divergence.
- Invalidation Point: A breakdown and close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
For the last 4 months, GGLMR has been in a bearish trend, dropping from $0.7469 to $0.1701 (-77%). The price has reached close to the all-time low level at $0.1603.
GLMR is likely to hold this support and rebound, breaking the resistance trendline and confirming a bullish reversal.
It is interesting to see how the RSI is creating a bullish divergence pattern. If it stays strong, the price will most likely rally from the current market price of $0.1978.
Key Observations:
- Important support: $0.1603 to $0.1804.
- Primary Resistance: $0.228.
- Mid-Resistance: $0.3445.
- Higher Resistance: $0.7469.
- RSI: Bullish Divergence.
- Invalidation Point: A breakdown and close below the support level.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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