Long
Golem with cup and handle fractals: 26k sats target!
There is something very big afoot in the cryptosphere. A number of alt-coins are starting to make very bullish shapes; from 
BTS to 
NAV to 
NMR! Golem is no exception and has started to form cup and handle fractals.
We explored a similar concept inBTS:
But the first time I spotted this kind of pattern was in
EOS:
And what happened next was unbelievable!:
And now the exact same pattern has presented in $BITTREX:GNTBTC!
The targets to look out for are:
BTS to NAV to NMR! Golem is no exception and has started to form cup and handle fractals.We explored a similar concept in
BTS:But the first time I spotted this kind of pattern was in
EOS:And what happened next was unbelievable!:
And now the exact same pattern has presented in $BITTREX:GNTBTC!
The targets to look out for are:
- Small C&H: ~11090 satoshis
- Bigger C&H: ~26000 satoshis!!
Note
So we didn't quite hit the 0.5 fib line we were hoping for, but we came pretty close. We have just completed a nice ABCE correction which has created the handle on our smaller C&H. I believe we will now start to make impulisve moves northward!
Now might be a good time to ladder some buys.
Note
* edit; I mean we have completed a nice ABC correction, not an ABCE (TV really need to allow editing of comments and/or, I need to read over my comments twice before posting!)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.