Moonbeam (GLMR)Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.
Anyway, Moonbeam been in a downtrend since the beginning. Recently, it seems GLMR made a reversal and now breaking major horizontal area. If successful, GLMR can start an upward phase which can rise to the ATH. Let's see what happens.
GLMRUSDT
#GLMR/USDT#GLMR
The price is moving in a descending channel on the 4-hour frame and is sticking to it well
We have a bounce from the lower limit of the descending channel and we are now touching this support at 0.1560
We have an upward trend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the 100 moving average
Entry price 0.1633
First target 0.1870
Second target 00.2084
Third target 0.2380
#GLM/USDT#GLM
The price has broken the descending channel on the 1-day frame upwards and is expected to continue.
We have a trend to stabilize above the 100 moving average again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.2400.
Entry price 0.3000.
First target 0.3746.
Second target 0.4413.
Third target 0.5090.
GLMR Chart Analysis in Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
For the last 4 months, SEED_DONKEYDAN_MARKET_CAP:GLMR 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.
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#GLMR/USDT#GLMR
The price is moving within a bearish channel pattern on the 12-hour frame, which is a strong retracement pattern
We have a bounce from a major support area in the color EUR at 0.1800
We have a tendency to stabilize above the Moving Average 100
We have a downtrend on the RSI indicator that supports the rise and gives greater momentum and the price is based on it
Entry price is 0.2000
The first target is 0.2531
The second target is 0.3056
The third goal is 0.3591
#GLM/USDT#GLM
The price is moving in a 12-hour bearish channel, is very committed to it, and has just broken through it
We have a green support area at .5000 that is expected to be bounced from due to its strength
We have a trend to hold above the Moving Average 100, which is strong support for the rise
We have very strong oversold resistance on the RSI indicator to support the rise with a strong downtrend
Entry price: 5600
First target 6248
The second target is 0.6690
The third goal 0.7283
#GLMR/USDT#GLMR
The price is moving in a bearish channel pattern on the 4-hour frame and sticking to it well
The price rebounded well from the lower border of the channel at the green support level of 0.2500
We have a tendency to stabilize above the Moving Average 100
We have oversold resistance on the RSI indicator to support the rise, with a downtrend about to break higher
Entry price is 0.2700
The first target is 0.3300
The second target is 0.3000
The third goal is 0.3645
GLMR undervalued Layer 2 Moonbeam is highly undervalued here in the demand zone, Moonbeam (GLMR) makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based (Polkadot) environment.
Sell zone 1: 1.6 to 2.1
Sell zone 2: After distrubiton from zone 1 there will be accumulation phase again for 2nd run to higher targets.
Moonbeam (GLMR) completed a setup for the next pumpHi dear friends, hope you are well and welcome to the new trade setup of Moonbeam (GLMR) with US Dollar pair.
Recently we caught more than 47% pump of GLMR as below:
Now on 1-hr time frame, GLMR with has formed a bullish Cypher move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
#GLMR/USDT#GLMR
The price is moving in a downward channel on a 4-hour frame, about to break upward
The area in green is a very strong support area, and the price rebounded from it at 0.4400
We have a downtrend on the RSI indicator about to occur. The fraction is up
We have a higher stability moving average of 100
Entry price. 0.4400
The first target is 0.4918
The second target is 0.5300.
The third goal is 0.5882
MoonBeam: Polkadot Scam Token? Down 99%Moonbeam is a prime example of a dead project. It is down 99% since its all-time-high and there are no signs of life to be found: the marketing team isn't producing any new content, it is not mentioned by @polkadot CRYPTOCAP:DOT , and its price is still down 99% from its all-time-high despite crypto having experiences a massive surge.
Fact: moonbeam is dead and will trend towards $0. If you bought at $10+, you will likely be in profit selling at -95% even at this abismal price. Dead shitcoins such at moombeak will only be worth $0 soon,
MoonBeam: Abandoned Scam Project? Down 99%, soon $0?MoonBeam: Abandoned Scam Project? Down 99%, soon $0?
MoonBeam aka SEED_DONKEYDAN_MARKET_CAP:GLMR #GLMRUSD is down over 99% since its all-time-high and while almost all of crypto has been rallying hard, MoonBeam continues to get brutally rejected. Today, it rejected again and crashed HARD, while other cryptocurrencies went up.
It appears that MoonBeam project is a dead project. The team has been unable to fulfill their promises and the wider crypto community doesn't care about MoonBeam or what the project stands to do.
Projects that die down in this fashion are often scams. It's possible the coin can't rise/breakout because the founders are printing coins out of thing air and dumping on the market.
Currently, MoonBeam is down over 99%. Depending on what exchange you look, it's all time high was around $24. It is currently barely $0.45. This has all the hallmark signs of a shitcoin scamcoin that is heading to $0, like Luna.
RIP MoonBeam / Polkadot Ecosystem.
GLMR/USDT Break out the key area, Indicating Bullish Momentum!!💎 GLMR has made a significant breakthrough by successfully breaching the key supply zone area, indicating a bullish momentum in the market and suggesting a continuation of the upward movement. There's a possibility that GLMR will reach our target area in this scenario.
💎 However, if GLMR fails to maintain its position above the demand area and breaks down below it, signaling a failed breakout, it could be interpreted as a bearish sign.
💎 This would entail a switch back to a downward movement, with the potential for the price to revisit the demand area around 0.347.
💎 Bouncing from the demand area is crucial for GLMR to attempt to regain momentum and potentially retest the supply area. If GLMR is unable to hold the support, indicating a breakdown, it would signify a bearish trend reversal, leading to further downward movement, possibly extending even lower.