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...
GNT showing that there are still bears attacking the majority of the market when it comes to the BTC pairings. It could get interesting overall if the BTC dominance keeps on rising. The lower support of August might be found again.
GNT pair is trading in a symmetrical triangle pattern. Looks like breaking out of the trend line (Yellow).
Set up seems to be good and all it needs is volume
RSI seems to be breaking out of the trend line
MACD is rising
SBS indicator Signaled BUY
BUY at the breakout (Yellow Line)
SL and Targets are on the chart
Exchange : Binance
Buy Zone: 0.0000057 ~ 0.0000055
Target Point: 0.00000585/ 0.00000615/ 0.0000065/ 0.00000715
Risk: MIDDLE - HIGH
It has made Wide Falling Wedge
The Volume is almost down and is now trying to break Falling...
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...