NikGibler

Golem - "My precious!!" Up, & up & up?? – Or up, & up & down??

BITTREX:GNTBTC   Golem / Bitcoin
Hey there peeps! Hope everyone had a wonderful weekend and are having a superb Monday morning.

Take a look these figures:

We've broken out of the mid-term channel we were in since January 18th 2018. RSI still has room to grow. MACD is showing sideways movement on the short-term but on a mid-term uptrend .

Current Resistance: .00004210 (= 38.2% FIB)
1st target: .00004488 (= previous resistance)

If previous resistance of .00004488 is broken:
Next target will be: .00004696

If previous resistance is NOT broken:
Fall back/correction will find stability between .00004132 and .00004210 (coinciding with previous 38.2% and 50% fib retracements)

As always, I recommend for every one to further expand their knowledge and do as much research as possible when investing. These are my own personal opinions and should be considered educational resources rather than financial advice. Good luck out there cryptonauts!

ABOUT GOLEM

Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers. Golem is capable of computing a wide variety of tasks, from CGI             rendering, through machine learning to scientific computing. Golem’s limitations are only defined by our developer community’s creativity. Golem creates a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power.

Golem enables users and applications (requestors) to rent out cycles of other users’ (providers) machines. Any user ranging from a single PC owner to a large data center can share resources through Golem and get paid in GNT             (Golem Network Tokens) by requestors. Golem utilizes an Ethereum-based transaction system to settle payments between providers, requestors and software developers. All computations take place in sandbox environments and are fully isolated from the host’s system. Software developers are in the center of Golem’s ecosystem: Our Application Registry and Transaction Framework enable anyone to deploy, distribute and monetize applications in the Golem network.

WHITE PAPER: http://golemproject.net/doc/DraftGolemProjectWhitepaper.pdf
Trade closed: target reached: .00004488 Target was reached as projected before retracing to .00004250 - As I mentioned before, unless the .00004490 resistance is breached, we will retrace back to the .00004130-.00004230 range before bullishly continuing on to target #2.
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