An idea based on Fibonacci and symmetry.... would like to hear others thoughts on this?
GNT seems to be consolidating, and has definately broken through the bearish momentum on 8/20. Since then, there has been some major consolidation. The general trend is breaking upwards, but it has several areas of resistance to break in order for us to consider this a serious long. It has already broken through almost all fibonacci retrace levels, therefor...
GNT recently faced a strong resistance at 0.000111 Support level @ 0.0000870, if it breaks it down it can be more dip. and if this time it follow channel it could test 0.00013 - 0.00015
GOLEM has resumed its bullish momentum. Enter at a lower time frame. Target at 50% Fibonacci as described. GL!
Bullish reaction to conference news today with OMG and GNT hype. Sell the news reaction on conference day as we have seen with other conferences (ETH comes to mind). Another good opportunity to sell a breakout and overbought conditions to reload cheaper with more coins. Because we broke out so strong we do not have much support established in the 9s. 8501...
Fibs on Golem. Taking advantage of the conference.
GOLEM is feeling bullish after a consolidation phase, and a series of higher lows. Pink MA pushing up. Enter at a pull back, and target as described. GL!
GNT is swinging like crazy with the ICO news affecting it. Personally I wouldn't trade it but if you think you can catch the bottoms, its a great swing coin for 10%+ gains. I'd like to see a more stable movement before thinking about adding a position to it
So, GNT has been pretty dormant, like a sleeping bear. 82%, no due date on Brass. BUT 10 day MAE has crossed 30 day on every single time frame besides the 1 day chart. It's very close and with that said it's risk reward is looking JUICY AS ALL HELL. Like a gusher. I entered at .00007299 earlier today, I plan on holding for another few days to check the situation...
Some fundamentals on recent pump. Also the coin did bottom out, so yeah imo good long term strategy blog.golemproject.net
Nice break out of CTL. You decide what you want to do here. I promise I am not jumping in on that candle.
Elliott Impulse Wave 12345 formed in downtrend chart. Now we wait the breakout momentum to see if: 1) Goes up if break the blue line, than we will wait for the ABC correction final wave. (C) (and a possibilty of cup and handle further) 2) Goes down if break the green line, than we will wait for the ABC correction final wave (C) to see if breaks the suppport or not.
Based on the previous two releases of the Golem project I constructed this simple graph with potential price increase over the coming weak when version 0.8 is released