Golem's volume has been increasing massively in the past few days, and it is already moving.
Looking at the moving averages, we can see that EMA10 had a bullish cross of EMA50 and EMA100, this is a really strong bullish signal.
We have a trade active for this pair, GNTBTC, which can be found here:...
$GNT Potential double bottom in play... We will need to break over neckline (~1825 sats) to confirm the pattern..
Coming out from support zone at 1700sats, volume looks low for now..
Both MACD & RSI starting to rise..
Set alerts =)
$GNT Potential falling wedge breaking out from Support zone... Volume still low so careful...
UCTS Buy signal on the 6H
RSI Starting to rise with MACD
ABCD bullish pattern could be in play in the daily too.
Potential targets on the chart.
. 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...
There we have a lot of reasons for a growth: very strong support below the price line, oversold after the correction, hardly increasing volumes, convergence on RSI and finally the price is cocated at the uptrend support.
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!
A good buying opportunity for higher timeframes but in the 4H timeframe, it can hit the 1900 and even 1600 targets. If this happened I need to check it again and give you a new entry point.
Buy a confirmed break above 2250
Stop loss 2250