Long
Golem GNTBTC - Looking Tasty. Bullish Divergence + Cup & Handle
Updated
Golem is one of the most promising projects in crypto right now - so I'm bullish regardless of TA.
It looks like it's forming a pretty textbook Cup & Handle.
We also have a nice big Bullish Hidden Divergence.
The Ichimoku Cloud is positioned pretty nicely to curve the handle up right around where you'd expect too (will post a screenshot).
Bitcoin is going bananas right now so be careful - my feeling is that any significant move below 0.00007 will weaken this pattern a lot. But if it stays above, and obviously if it breaks above the neckline, we should have a pretty nice move up.
Good luck!
It looks like it's forming a pretty textbook Cup & Handle.
We also have a nice big Bullish Hidden Divergence.
The Ichimoku Cloud is positioned pretty nicely to curve the handle up right around where you'd expect too (will post a screenshot).
Bitcoin is going bananas right now so be careful - my feeling is that any significant move below 0.00007 will weaken this pattern a lot. But if it stays above, and obviously if it breaks above the neckline, we should have a pretty nice move up.
Good luck!
Note
Ichimoku Cloud:Note
Held up really well against the bitcoin rally - still forming the handle nicely, and we've got another Hidden Bullish Divergence on the 15m charts:Note
Handle incoming?Note
Getting close!Note
Is that beautifully formed or what?Trade closed: target reached
Target reached!
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