After successful formation of bullish butterfly the priceline of Golem / Bitcoin cryptocurrency has formed another harmonic bearish shark pattern and entered in potential reversal zone.
From here the price action will take bullish divergence soon to hit the sell targets insha Allah.
I have defined targets using Fibonacci sequence:
Buy between: 0.00000824 to...
Golem a decentralized computation network coin rival of Sia coin is considered to be one of the profitable coins for scalping.
Since 2017 after it was introduced it has shown great fluctuation in price
The best buy opportunity was between 460-480 Sats
Now again it is giving us multiple opportunities for quick 12-15% profit
Buy @ 540-550 Sats
The forecast above shows how price action may be possibly moving in the short-to-medium term.
It may not be 100% accurate in terms of where the price or time falls but certainly gives an outlook as to where the market is headed.
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...
The chart above shows the moving averages and trend changes in the price action. While many are skeptical that we may be still in the bearish trend it cannot be denied using these moving average indicators. Most of the time we see small trend reversals pushing price action down for a while and that is totally normal. The momentum is still weighed heavily to the...
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The price action of Golem with the weekly resistance levels shows that we are nearing the first leg upward. Golem/USD sees promising outcomes as the trend is in favor of the bulls after the accumulation stages. Please don't listen to the garbage out there that ALTCOIN markets have ended. We...
After various views regarding the #GNTBTC price action and recent updates on the @Golemproject twitter account, charts look ripe to taking off following a SLIGHT pull back that may occur. This is not Bitcoin guys and GNT moves at a slower pace so one must consider that they won't get a quick return on their money as with large cap coins. Although, for investors...
As many have lived through one of the harshest cryptocurrency bear markets in 2018, they should expect to start seeing the light at the end of the tunnel. For ALTCOINS like Golem (GNT) which are in the prime stages for the next bull run there is no looking back.
As the Graphene developments come into effect in coming weeks, we must expect the patterns as seen in...
As seen in the chart above, the 50DMA which was pushing the price down heavily for the past 64 days is now becoming support. It's further indication to the bullish end as the price actions breaks out of its mid-May bottom. The price of Golem/USD has been on the rise as a result of the movement of the pairs between GNT/USD. With such trends, there is healthy...
There are many Fibonacci techniques that can be used to anticipate changes in the trend. The one used is the Fibonacci time projection. It is not as accurate as Fibonacci retracements but can be used to warn of possible reversals or turning points in the current trend. Seeing upward price shifts taking place at the 0.68 Fib levels on the weekly timeline is very...
The first indicators presented shows the Bollinger Bands becoming narrower while having price action moves above the 20-Week MA and the standard deviations curves widen apart. This is a positive predictor of a powerful trend to the upside. Knowing BINANCE:GNTBTC has high volatility which causes rather large wicks to occur and having smaller candle bodies, it can...
Seeing the trend on a larger timescale the BINANCE:GNTBTC shows that it is ready to break out of the large triangle structure having impressive potential to the upside. Although, it may take time to get to the higher price ranges as they were previously and volatility is high in the current market, it doesn't mean the investment is nullified. The Golem market has...
GNT is moving in all good formations : Bullish Flags in big timeframe and small timeframe, but there's still a chance to drop down to 1000sts so you should leave your money to prepare the bad case.
Current Price : 1213
Buyzone : Close to 1000 as possible
Sellzone : 1400-1600-2000-2300
Stoploss : Below 1000
. Golem/Bitcoin 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 35.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. There is a possibility...
GNT pulled back perfectly into support, tagging the 100MA and bounced right back
We can see it breaking back above support and could make its way back up to resistance and move higher to other targets!
Big Picture: Falling wedge that could last till end 2019
Moving into the daily activity
Volume rised substantially over the last days/weeks
Reached upper trendline
Crossed over EMA100, now retesting it
RSI & MACD deciding
ascending trendline acting as support