Updated

Getting ready for a leg up

Golem had a nice rally recently. It seems it has found support after a correction to .618 fib level and now is getting ready for another leg up.
Short term I think it can reach 9265 fib level of its all time high movement.
Volume is declining which is a great sign when a coin is in correction.
I still have not opened long on this trade.
I will wait for breakout with good volume to go long.
Will update this post.

Note

My buy order, which was outside of upper edge of triangle
triggered. My sell point will be .618 fib level which is around
9265 satoshi

Trade active

Note

Bullish triangle, declining volume, If you haven't bought GNT, you can on a break out of this triangle.
Always remember breaking out of these patterns should involve good volume to work out.

Note

Another bullish triangle, declining volume, signs of creating base for next leg up.
Owner of Golems can keep their coins.
If you want to buy Golem you have two options :
Buy on breakout of triangle
Buy if price gets closer to the base of triangle
Always remember to use stop loss

Note

GNT is at a good price point now. You can buy with 1.5 percent stop loss.

Note

Triangle I talked about in last update ended in a down move.
Right now price is sitting on support. If this support gets lost
we might see a drop to next support which is 6918.
If you have Golem I suggest to keep a tight stop loss as
current support might get lost.
I don't think buying at this point is very wise.

reza_tayebi

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reza_tayebi