GOLEM Channel BreakoutUpward continuation areas
A breakout from a channel
Used to own this coin but sadly I do not anymore
Golemethereum
Golem Bullish Breakout ScenarioGolem is currently stuck in a clear downtrend
Will these downtrend break upon the fourth test of the resistance line?
A VERY ugly wick recently formed, first thought that came to my mind was 'coin killer'
Gl all
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.
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.
Golem (GNT) TA with moving averagesThe chart above shows the moving averages and trend changes in the price action. While many are skeptical that we may be still in the bearish trend it cannot be denied using these moving average indicators. Most of the time we see small trend reversals pushing price action down for a while and that is totally normal. The momentum is still weighed heavily to the downside and only recently started to shift in the other direction.
It happens with all bear markets where fear grips peoples minds to such an extent that smart money moves in while they least anticipate it. Traders who have been long in the game are patient, prudent and eagle-eyed in the way they make decisions. I mean, all the trade analysis I've done for Golem to this point should at least give confidence and convincing data by now that we are moving upward. Side way movements is possible and that's no issue as sooner or later that uptrend will take place.
Be smart in how you invest your hard-earned money and don't follow every Joe Blow's analysis blindly. If something doesn't make sense or look right then investigate into it. As for these analysis they're here to educate and help investors clear out their doubts. Neither have I an association or am getting paid by the Golem team as I don't know any of them personally. I'm just stating the obvious and analysing charts because this project resonates in me.
Enjoy.
Golem projection is heading towards promising lands Please like and share on your social media pages. Get following :)
The price action of Golem with the weekly resistance levels shows that we are nearing the first leg upward. Golem/USD sees promising outcomes as the trend is in favor of the bulls after the accumulation stages. Please don't listen to the garbage out there that ALTCOIN markets have ended. We understand that Bitcoin is king but that does not nullify the entire market. If no competition exists and only the top 20 cryptos in todays market shape the future, do you think its a healthy space to be in altogether?
The answer is simple, ALTCOINS with crazy future potential such as Golem can further mankinds progress in science, medicine, astronomy and other vital fields which require supercomputers that can do phenomenal tasks. This project is possibly more important than many top 20 projects whose coins act as holders of value and nothing else. Think long-term with Golem as the coming development updates next month will bulldoze the price action through the walls of resistance like a knife through butter.
GOLEM/BTC: 50 DMA turning to Support As seen in the chart above, the 50DMA which was pushing the price down heavily for the past 64 days is now becoming support. It's further indication to the bullish end as the price actions breaks out of its mid-May bottom. The price of Golem/USD has been on the rise as a result of the movement of the pairs between GNT/USD. With such trends, there is healthy momentum and volume gained over the past day or so and minor price pumps are starting to occur. Stay invested fellas, Golem has great potential and is one of my favorite coins.
GNT/BTC: Technical analysis of possibly strong upsurgesThe first indicators presented shows the Bollinger Bands becoming narrower while having price action moves above the 20-Week MA and the standard deviations curves widen apart. This is a positive predictor of a powerful trend to the upside. Knowing BINANCE:GNTBTC has high volatility which causes rather large wicks to occur and having smaller candle bodies, it can be a possible outcome too in that we only see a big wick upward once again. These can be signs of the recovery process following a powerful bear market.
Another indicator has been provided which never fails in telling the directional trends. The Average Directional Index (ADX) and Directional Indicator combined together are powerful tools. On the chart, the DI is showing an upward trend with a rather weak ADX. Although, the ADX crossed the 25 ADX value which means it is in a strong trend up with room to become a very strong trend or even extremely strong trend down the line.
So there is no doubt that we are in an upward trend using these indicators. The month of July looks promising to see greater movements for Golem network as their developments of Graphene for Intel Software Guard Extensions (Intel SGX) - a software that can significantly increase the security and privacy in the Golem network and in the Blockchain industry as a whole will be rolled out. Stay tuned and keep a good lookout for these game changers in the Golem price action.
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
