golem gaussianGaussian channel turning, this can be seen on many alt coins, an explosion may be around the corner, included possible pathing for golemusd however this is just a guess, (isn't that what TA is anyway?) xD I do expect once the Gaussian channel turns or just before it turns to see some large bullish momentum for many alt coins.
Golemeth
Golem parallel channelgolem has formed a parallel channel on the 4H chart, it can be seen that an ascending scallop has formed which has led to a descending scallop, if this descending scallop holds true another bullish reversal may be in play. Looking for a bounce off green EMA line. My previous golem analysis price broke down at the immediate trendline acting as support.
GOLEM Tight RangeGolem usd pair has formed an ascending scallop which has led to a pullback this usually results in bullish continuation. Currently sitting between two fib EMA levels. Very tight. A breakout is likely.
Golem Descending Scallop Turned AscendingGolem has produced a descending scallop which results in a bullish reversal, these patterns have a high success rate in the current cryptocurrency market. This reversal led to the formation of an ascending scallop, which results in bullish continuation, which can already be seen. Interesting pattern!
Golem inverted descending scallopGolem can be seen to have formed a inverted descending scallop, this may lead to a short term bullish reversal, the performance of inverted descending scallops is poor with a performance of 5/21 in a bear market.
Golem (GNT): Support & Resistance with Elliot Wave Forecast. The forecast above shows how price action may be possibly moving in the short-to-medium term.
It may not be 100% accurate in terms of where the price or time falls but certainly gives an outlook as to where the market is headed.
There is a possibility for the beginning of an uptrend in GNTETHTechnical analysis:
. Golem/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00045600 to 0.00042600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00045600)
Ending of entry zone (0.00042600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00050590
TP2= @ 0.00055300
TP3= @ 0.00059700
TP4= @ 0.00065400
TP5= @ 0.00070400
TP6= @ 0.00087600
TP7= @ 0.00115490
TP8= Free
There is a possibility for the beginning of an uptrend in GNTETHTechnical analysis:
. Golem/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 34.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00045600 to 0.00042600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00045600)
Ending of entry zone (0.00042600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00050590
TP2= @ 0.00055300
TP3= @ 0.00059700
TP4= @ 0.00065400
TP5= @ 0.00070400
TP6= @ 0.00087600
TP7= @ 0.00115490
TP8= Free
There is a trading opportunity to buy in GNTETHTechnical analysis:
. GOLEM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00048100 to 0.00042600). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00048100)
Ending of entry zone (0.00042600)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00056000
TP2= @ 0.00060080
TP3= @ 0.00063700
TP4= @ 0.00070920
TP5= @ 0.00079680
TP6= @ 0.00088390
TP7= @ 0.00100870
TP8= @ 0.00116800
TP9= @ 0.00140600
TP10= Free
There is a trading opportunity to buy in GNTETHTechnical analysis:
. GOLEM/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
. The RSI downtrend and the price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00050000 to 0.00045000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00050000)
Ending of entry zone (0.00045000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00056800
TP2= @ 0.00060600
TP3= @ 0.00063700
TP4= @ 0.00071300
TP5= @ 0.00080000
TP6= @ 0.00088700
TP7= @ 0.00101100
TP8= @ 0.00073500
TP9= @ 0.00089900
TP10= Free
There is a possibility for the beginning of an uptrend in GNTETHTechnical analysis:
. Golem/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00065000 to 0.00059000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00065000)
Ending of entry zone (0.00059000)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00073540
TP2= @ 0.00078350
TP3= @ 0.00085440
TP4= @ 0.00093080
TP5= @ 0.00103200
TP6= @ 0.00114110
TP7= @ 0.00135630
TP8= Free
There is a possibility for the beginning of an uptrend in GNTUSDTechnical analysis:
. GOLEM/ETHEREUM is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00066800 to 0.00061000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00066800)
Ending of entry zone (0.00061000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00073540
TP2= @ 0.00078350
TP3= @ 0.00085440
TP4= @ 0.00093080
TP5= @ 0.00103200
TP6= @ 0.00114110
TP7= @ 0.00135630
TP8= Free
There is a possibility for the beginning of an uptrend in GNTUSDTechnical analysis:
. GOLEM/ETHEREUM is in an uptrend and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00066800 to 0.00061000). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00066800)
Ending of entry zone (0.00061000)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00073540
TP2= @ 0.00078350
TP3= @ 0.00085440
TP4= @ 0.00093080
TP5= @ 0.00103200
TP6= @ 0.00114110
TP7= @ 0.00135630
TP8= Free
