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...
Going over old analysis. Still shaping up strong and looking good. Great if you got in on this with the bullish divergence. It is a really tough environment for altcoins which is why you need to risk small amounts with tight stops. This is just one of the successes you can get with genuine buyers.
As GOLEM is a good coin and has great targets upcoming, after observing Bitcoin Dominance, Price Action, Elliot Waves & ICHIMOKU and considering money management, we can step in with a potion of our money as Mid-Term investment.
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
Hi, today we are going to talk about Golem and its current landscape.
At Golem we observe the breakout of an important Downtrend Line that could boost the Bulls, as a point of Bearish defense we have the level of 61% of Fibonacci Retracement. However, as the Bitcoin (₿) sentiment still in the Fear zone and the price still near to support, we must remain vigilant...
This one all depends on the small element of Bitcoin. So keep your stops tight and risk low until the trend is set.
Volume is returning and RSI divergence has been spotted on the daily which is always a good start.
Keep it on your watchlist.
Golem (GNTBTC) is pushing forward as I write and is now aiming to challenge its next resistance level at 0.00000794 or EMA50.
We can notice the following bullish signals on the chart:
Bullish MACD crossover.
Break above EMA10.
High volume (above average).
Full green candle.
After the resistance is hit, 0.00000786 or up to 0.00000847, we can...
Interesting GNTBTC descending wedge is formed... let see how this is plays out.
Indicators start give an early sign of bullish trend.
invalidated this pattern once it's broke down toward 500 satoshi area..