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.
Big pump on Golem, adding long position on 50% Fib Levels.
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
Overall GNT levels are generally low against ETH. Currently GNT tries to break out from 38.2 Fib level at 0.00126. If this resistance level stops now it should be good to buy at just around 0.00120 levels. If breaks-out my expectation is that it will have a resistance at 0.00135 so in case of break-out buying just above 0.00126 can still be positive. Please note –...
$golem Multiple support Zone Buy above 0.0090 Target 0.016 #Gntbtc #golem #bitcoin #trading #investing
GNT took a big dump due to the delay in release of its anticipated "Brass Golem" which was originally scheduled for release in May, 2017.. Then delayed to June, 2017... Then further delayed to an unannounced date! I have been active on the GNT slack channel for the past couple of months and I anticipate that GNT is going to be released in the 4th quarter of 2017...
The first is an M pattern that seems is about to repeat for the third time with a TP of 0.00012, Reward: 30%
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!
GNT uptrend, beware strong resistance around 11.5k and 14k satoshi levels.
For those of us still looking to get in on reversal rallies, Golem coin is a good candidate for the following reasons: 1) There is major support at 0.00009 GNT/BTC - This price level was a major area of accumulation from April to May 2017 (see brown circle) - Since the downturn, price has tested and bounced back from this level 2x on July 11 and July 16...