Here we can see from the Elliot wave perspective a good example of an expanding leading diagonal. The market is aligned for wave 3 in the sequence to the downside.
From a catalyst perspective, we have a vote on the support of an Art.50 extension today from HoC. This is likely to be approved by the UK today, what is not so clear is whether the EU will allow...
. Golem/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
. There is a possibility of temporary retracement to suggested support zone (0.00065000 to 0.00059000). if so, traders can set orders based on Price...
Mostly base on support and resistance line. as point by small arrows. as well as "CUP Formation" as point by YELLOW BOX.
The recommend entry for this setup as point by GREEN BOX is,
LONG @ 2.0000
STOP @ 1.9600
TARGET @ 2.2000
** The RED BOX indicated a intermediated support, where the long position should be exit when price move and its weekly...