I just drew this beautiful chart for you... A "chart designer" is what people are calling us now, sounds like a great name... THANK YOU.
In this chart design, you can find the fib. levels for GNTUSDT.
We have the falling wedge to the left and now we have an ascending channel.
We can clearly notice higher highs and higher lows as prices continue to increase.
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...
-Golem is respecting the 50ma on 12H period plus the trendline support
-A strong recovery by the Bulls and retested the resistance area at 1400 sat
-If GTN can't break this resistance line today, we might see a small retracement to trendline support
-4th attempt to might be the last chance to go higher
-Otherwise, the Bears will try to regain...
GNT is looking bullish after breaking the trend-line resistance and has now made a new Higher Low at 357 sats.
GNT also passed through the 50D MA and if the candle closes bullish in about a few hours left, this could help the price to move higher up to my target zone.
Time will tell with GNT but i will say that it has been been solid the last week making some pretty good gains from 6-15%. Actually surprised me a little i was expecting another restest but we will see how it plays out.
Golem is at a crucial support. If it breaks that next pitch fork support , as shown, i expect a magnet to the medial line for further downside. We could, but I highly double, briefly test that upper pitch fork resistance.
All I can say is sometimes in life you must be patient and JUST BELIEVE after you put all strategies in place. We play this market like strategists never thought. While the FOMO is in Bitcoin (which I love but it's bubbled up) we're putting our money on the right assets such as the #Golemproject. This is where you win the most gains when everybody is shattered in...
Are you ready to ride with the bulls? Great and promising project, It is unique, Can not be effected by libra because Golem is not just money. Golem is in the marketcap since 2016 so the team is also trustworthy. Good for a long term hold. This is just short term analysis. Price can easily reach 1$+ for the longer term.
GNT has a great potential for a hype and It...
Golem is moving to the upside after a long and devastating bear market. The trend reversal can be viewed on the chart above as the moving averages go from an overall down trend (red) into the uptrend (green). This price action indicates with confidence that Golem has completed its bear market and is now in transitioning in the other direction. You may see a few...