benice_trader
Long

Golem double shadow

BITFINEX:GNTUSD   Golem / Dollar
Greetings from Benice team!

The coin has completely turned into dust, that is the word. There are no prospects in such stories, because the industry is changing, and can never assess how much the team is keeping up with these changes. Moreover, the cost of the token is lingering at a very low level. The only thing we see is that the chart from time to time hints us with unclosed gaps and shadows. The team still exists so there can be attempts of recovery. The targets at the top are at 0.147 (an unclosed candle shadow) and 0.26 (Fork pattern). There has not been a reversal, so we are expecting the price to go below, at 0.029. That is the level the price is heading to now in order to complete the candlestick shadow. What is especially interesting is that the pair also has a candlestick shadow, and it rests upon 0.00001040. There are chances to see 0.00004 at the top in case of a reversal.


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