KongTrading

GNT re-testing support

Long
HUOBI:GNTUSDT   None
GNT /USDT

Golem has been suffering from market conditions lately as well. It has been moving slowly and is currently breaking down into the key-area of support, the “last hope” for GNT . Should this support break and not hold the price stable or even show a minor reaction, there might be many more downsides for GNT .

Looking at technical indicators, the MKAST Algorithm has just switched into a sell-condition, which is understandable and clear for anyone watching the conditions. The MKAST Index is at 1/15 points, which is quite low and near an oversold condition. This low index point can be especially interesting since GNT is testing its support for the second tie only, and with the nearly oversold conditions, this could turn out bullish . Moreover, the volume is decreasing and not very much supporting the ongoing selling.
Get access to the FOMO Indicator:
https://mkast.io/pricing

Join our Discord under
https://discord.gg/9gNwXHd

Follow me on Twitter under
https://twitter.com/KongBTC

Comments

wondering why you dont reply?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out