According to Eth/usd ; I expect, Gnt/Eth will be continue; We will wait and see! Good Luck!
Stay tuned and do not miss the opportunity, Golem BTC/GNT can go to the moon
GNT is seemingly forming a higher low against ETH on the 12 H chart on the lower border of a potential uptrend channel. This may offer a good trade setup now with a very attractive RR ratio. Higher lows often lead to higher highs. My target would be potentially the 0.382 fib level of last major downswing which is around 0.000745 level. The previous double-bottom...
GNT has seemingly reached its bottom against ETH at the beginning of February around 0.00036-0.00037 levels (peak to 0.00035) and then started to rise. At this point I was placing long-term position trades at 0.0004/0.00046/0.000485 in the amount of 5 ETH proportionally. It turns out I was early as since then more bullish confirmation signals have developed after...
GNT has had a good couple of weeks. It has gained >100% against ETH. At the moment, we are at the previous high while it's overbought. In the next couple of days, it's likely to fall somewhat. The question would be whether we'll have a couple & handle or will it be like the previous times when GNT continued to fall. Also check out my website: www.jlteng.com
If price tends to move upwards (RSI shows GNT is not yet overbought and MACD crossed on the h1 hour chart with an upward movement) there may be a chance for a 3rd flag to develop within recent uptrend against ETH with a peak at around 0.00125 which is slightly below of 0.382 fibonacci of recent short term upward movement. Some of GNT deposit may be sold at this...
GNT / Golem has been in the downtrend for a while now. Rumors out that Golem brass will release soon. Recently bounced off the 88.6 fib line on the 4-hour chart might wake up soon and lift off!
Golem is the open-source, decentralized, supercomputer that anyone can acces. It's made up of the combined power of user's machines, from personal laptops to entire datacenters. Anyone will be able to use golem to compute any program you can think of, from rendering to research to running websites, in a completely decentralized & inexpensive way. It's one of...
It is very interesting chart. There is a very visible GAP on Daily chart which was respected by market recently. I would say this solid support should sustain the pair above this level and I would look for ABCD pattern where AB=CD. I'm not sure if correction will hit 50% again but even with this value we have good risk/reward ratio. I would set SL just below GAP...