As of now we are where it could be the end of the ''correction of crypto markets'' since January 2018, I think this is what could be happening next.
First of all, we have to open the possibility of having a bull run, something that is claimed to could happen, so, the support and resistance line drawn in the 012$ will be my first position (weekly closure candle above it) the smallest one as the market progress, the second one in order to accumulate and a bit bigger, will be when breaking the 0.19$-0.20$, where we can potentially have the Shoulder Head Shoulder formation which could confirm the bull run as it is normally a good indicator of reversal in that circumstances, if all of that happen, then we can expect a push up until 1$ region, due to hype, as always, market psychology, moreover on the GNT scenario will be very easy to see it, as it could behave like a small cap stock, where few millions will produce a high movement whether is in up or down direction. In a down direction It has already happened, so, now the only one option is going up.
The only factor that could play against us, is, if the project of Gollem does not succeed.
The maximum amount of money I will put on GNT will be, 5% if I have a big account, and 10% if I have a small account
After that, I hope my analysis will help you in order to invest thinking a bit how much money you invest, where, when, and why.
Lastly, remember, never buy or sell the hype
Discleimer: I don't feel responsible if you lose money or make money, this is just my opinion, not an investing advise.
First of all, we have to open the possibility of having a bull run, something that is claimed to could happen, so, the support and resistance line drawn in the 012$ will be my first position (weekly closure candle above it) the smallest one as the market progress, the second one in order to accumulate and a bit bigger, will be when breaking the 0.19$-0.20$, where we can potentially have the Shoulder Head Shoulder formation which could confirm the bull run as it is normally a good indicator of reversal in that circumstances, if all of that happen, then we can expect a push up until 1$ region, due to hype, as always, market psychology, moreover on the GNT scenario will be very easy to see it, as it could behave like a small cap stock, where few millions will produce a high movement whether is in up or down direction. In a down direction It has already happened, so, now the only one option is going up.
The only factor that could play against us, is, if the project of Gollem does not succeed.
The maximum amount of money I will put on GNT will be, 5% if I have a big account, and 10% if I have a small account
After that, I hope my analysis will help you in order to invest thinking a bit how much money you invest, where, when, and why.
Lastly, remember, never buy or sell the hype
Discleimer: I don't feel responsible if you lose money or make money, this is just my opinion, not an investing advise.
Comment:
Something I did not notice while writing the previous analysis is, GNT easily can make a Shoulder Head Shoulder, as it made before, look the weekly chart, where the neck line is the 0.19$-0.20$.