First of all like DCR & ATOM, GLM didn't have a huge move to the upside in the previous alt season and is consolidating really hard in BTC terms. Like ATOM its chart has been a huge sideways move. GLMUSDT is looking great because it retested its old key resistance zone and bounced very nicely. The current rally is looking very healthy and actually stronger than...
Golem looks really good on the Daily time frame to enter a Long position according to our trading system and our set of indicators. Let's go through them and explain what information they are providing us with that makes us have such certainty
1) The indicator applied o the chart is a Bollinger Band at a 20 period for mere visual reference
2) ZRange indicator...
Top chart pattern that keeps knocking the door to open.
This bull flag represents awesome trade setup with great risk and reward in my opinion.
Target 1 1,216 sats
Target 2 1,523 sats
Keep your stop loss in place.
This is not financial advice.
Golem is currently stuck in a clear downtrend
Will these downtrend break upon the fourth test of the resistance line?
A VERY ugly wick recently formed, first thought that came to my mind was 'coin killer'
ETC has formed a descending broadening wedge, this is a bullish pattern. There is a large price range for bullish movement outside of the wedge. Also included early phases of ETC and compared to GNT (golem), shows clear degeneracy, with a sharp reversal point. Big money to be made.
Gaussian channel turning, this can be seen on many alt coins, an explosion may be around the corner, included possible pathing for golemusd however this is just a guess, (isn't that what TA is anyway?) xD I do expect once the Gaussian channel turns or just before it turns to see some large bullish momentum for many alt coins.
golem has formed a parallel channel on the 4H chart, it can be seen that an ascending scallop has formed which has led to a descending scallop, if this descending scallop holds true another bullish reversal may be in play. Looking for a bounce off green EMA line. My previous golem analysis price broke down at the immediate trendline acting as support.
Golem has produced a descending scallop which results in a bullish reversal, these patterns have a high success rate in the current cryptocurrency market. This reversal led to the formation of an ascending scallop, which results in bullish continuation, which can already be seen. Interesting pattern!
Golem can be seen to have formed a inverted descending scallop, this may lead to a short term bullish reversal, the performance of inverted descending scallops is poor with a performance of 5/21 in a bear market.
Priceline of Golem / Bitcoin cryptocurrency is forming bullish Shark and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level.
MACD is turned weak bullish from strong bullish and Stochastic is...