GLM Buy setup (1D)It appears that GLM has entered a triangle formation at the point marked by the red arrow on the chart. Currently, it seems to be at the end of wave D.
A buy position can be considered at the green zone during wave E.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
GLMBTC
#GLM/USDT#GLM
The price has broken the descending channel on the 1-day frame upwards and is expected to continue.
We have a trend to stabilize above the 100 moving average again.
We have an upward trend on the RSI indicator that supports the rise by breaking it upwards.
We have a support area at the lower limit of the channel at a price of 0.2400.
Entry price 0.3000.
First target 0.3746.
Second target 0.4413.
Third target 0.5090.
Prime Opportunity: Golem (#GLMUSDT) Major Bullish Move!I’m excited to share a trade setup for my favorite coin at the moment: Golem (#GLMUSDT).
Both the GLMUSDT and GLMBTC pairs are showing extremely bullish potential, and the price action is aligning perfectly with our trading strategy.
Key Points:
*Elliott Wave Pattern: The current chart reveals a compelling Elliott Wave pattern. Notably, wave 5 hasn't commenced yet, presenting an excellent buying opportunity, especially with the recent completion of the ABC correction.
*Perfect Pullback: This recent pullback is exactly what I've been waiting for. It marks the end of the correction phase and the beginning of a potential new upward movement.
Trade Setup:
*Entry Triggered: Today, my trade setup was triggered, offering a solid 1:3 risk/reward ratio. The current setup is highly favorable for entering a long position, capitalizing on the anticipated wave 5.
Conclusion:
Bullish Outlook: The bullish sentiment for Golem is strong, and this setup provides a promising opportunity for substantial gains. If you follow this trade, you might be thanking me later.
Happy trading!
GLM LOOKS BEARISHIt seems to be at the end of the F wave. It is now in the B wave diametric.
A long shadow resistance range has been created, which we marked with LSH.
By maintaining the red range, it can drop towards the targets.
The targets are marked on the chart
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
Golem (GLM) forming bullish Gartley for upto 14% pumpHi dear friends, hope you are well and welcome to the new trade setup of Golem ( GLM ) token with BTC pair.
Previously we had a nice trade of GLM:
Now on a 4-hr time frame, GLM is about to complete a bullish Gartley pattern.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
✨Golem GLM - On fire! +2000% | Bullish flag + Huge breakout!
Golem is on fire! You really want to buy Golem right now because the bullish flag is breaking out and an ascending triangle on the GLMBTC pair also!
How can you not love the name of the coin? But you definitely will with the massive profits!
As per my Elliott Wave analysis, we are prepared for the third impulse wave to the upside. The third wave is usually the strongest, so you don't want to miss it.
The ABC correction has been completed, and we are forming a bullish flag pattern that is currently breaking out. You often find ZigZags corrections in bullish flags.
1:1 FIB extension is the next profit target (wave 3).
Look at my idea about the GLMBTC pair in the related section down below.
For more analysis, hit "Like" and "Follow"!
Golem GLM - 2000% gains, hidden GEM!
GLM has been consolidating since 2019 with sideways price action, and it looks like we can experience an explosive move in the immediate short term!
On the weekly chart, we have an ascending triangle and a falling wedge. Both these patterns are generally bullish.
The price is now above the 200 weekly moving average. This MA is considered a strong level by huge institutions and hedge funds.
Golem is listed on all major exchanges, so pretty much everyone can buy it.
This altcoin can explode at any time, and it usually happens very quickly!
The altseason is in progress and you can check out my idea about BTC.D in the related section down below.
For more ideas, please hit "Like" and "Follow"!
Golem GLMBTC - Huge ascending triangle! + Breakout soon- On the weekly chart we can see an ascending triangle - the most bullish pattern!
- Great opportunity to 24x your capital in upcoming weeks/months.
- If we take a look at the volume indicator - bullish volume is definitely higher, which is great.
- The price is now above the 200 weekly moving average. This MA is considered as a strong support by huge institutions.
- Look at my ideas about another interesting altcoins in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
Golem is another old coin looking really goodFirst of all like DCR & ATOM, GLM didn't have a huge move to the upside in the previous alt season and is consolidating really hard in BTC terms. Like ATOM its chart has been a huge sideways move. GLMUSDT is looking great because it retested its old key resistance zone and bounced very nicely. The current rally is looking very healthy and actually stronger than that of DCR and ATOM.
GLM keeps having little test pumps in BTC terms and I think that's a signal for a big pump to come. GLMBTC is where it was back in 2016-2018 and has reclaimed those ATLs.
Golem is listed on Coinbase and Binance, but doesn't have many pairs. The addition to Coinbase Pro or the addition of USDT & BUSD pairs on Binance could definitely push it higher.
GLMBTC GOLEM Breaking out! Golem looks really good on the Daily time frame to enter a Long position according to our trading system and our set of indicators. Let's go through them and explain what information they are providing us with that makes us have such certainty
1) The indicator applied o the chart is a Bollinger Band at a 20 period for mere visual reference
2) ZRange indicator set with a period of 20 measures volatility based on Standard Deviation. We can clearly see how it has increased pass the upper level. An increased in volatility can be interpreted as an opening for price to make a run.
3) ZVolume indicator also set at 20 helps us see Buyers and Sellers Volume. Depending on the overall Trend Direction, shown as uprising by our ZTrend indicator, we pay close attention to the Buyers volume which have had a couple of increases above the upper level recently.
4) ZClassic illustrate in an oscillator form the position of Price in units of Standard Deviation in reference to a moving average. In this case we have it set at 50 and you can see how price has been breaking out the upper level several times recently as well
To summarize, we have Price breaking out with an increased in volume during a time when volatility is rising on a digital assets that is trending upwards.
GLM - Squeeze ComingI'm not playing on this as it is too risky in the state of the market, but I'm curious where GLM/BTC is going to go from here. Right now it looks like we are getting to the end of a bull pennant and the candles are getting smaller and smaller. Additionally the BB's are getting really tight and the MACD is flipping bullish. I think it will make another move, but I am worried of BTC wrecking alts with another big move this weekend.