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GNT

Oh That Price Action, $GNT Weekly Looking at our highest timeframe we see price formed a double bottom on the weekly off our 2000 support zone. Price made a run up to 12000 satoshis, and since has retraced and found support at our 7500 support zone. Stochastic RSI showing momentum has shift towards the upside, has temporally slowed down. Price showing no signs of slowing down, expecting a higher high to be formed soon. Daily Shifting over to our pattern timeframe we get a better look at or double bottom. We also see price forming higher high and higher lows. A daily close above 7250 satoshis activates our trade. Stochastic RSI showing momentum is heading towards the upside. 4Hour Finally looking at our trigger timeframe we see price has broken our minor downtrend and rest our 6000 zone for support multiple times. A 4hour close above 7250 activates our trade. Stochastic RSI showing us bullish divergence, expecting a breakout soon. Conclusion Wait for 4hour close above 7250
GLong
by UnknownUnicorn2434649
Bitcoin - The Sale Continued, Will it be a fire sale?The chart above is pretty self evident. Short Term stay in cash. I find it interesting that BTC has bounced off of the 365 day MA, will it hold? At this point opening trades on BTC is closer to gambling than trading. I am still long term bullish on BTC but if the Recovery Ascension Line I've drawn is violated and a candle closes below it we are going to 6510 or even perhaps 6001 which is a physiological level last reached in Feb of 2018. At the time as 6100 is approached, I would consider opening a new position if the momentum appears to be waning and the volume has dropped off. Until then I would not consider opening a new position below a close above the 50 day moving average. All of this has an impact on Altcoins of course. I have already added to some of my favorite Altcoins. I had set a buy for Verge at $0.048 and bought a little there but also held on and bought more in the $0.03+ range as well. Everything is on sale right now the question is, how deep will the discounts get? Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter
Bitcoin - $7800 Here we come, or do you really like a sale? I believe Bitcoin is still in an overall Bull Market. However as long as we stay below the 200 Day MA, I feel we are in a short term Bear condition. BTC is about to cross the 50 Day MA to the downside, if it does, we are pretty much locked into a decline to $7800. It is from $7800 that I feel we have the first real chance to break the downtrend and move up to 10,200 then 11,600 before we have a new set of challenges to go even higher. Presently my plan is to start buying at $7800 in increments. On the downside, if we break $7800 we might be looking at the area of the 365 day MA and or the lower ascending recovery line $5,428 in Nov 2017 touches $6001 Feb 6th and continues up to the general area of $7000 at the present time. A breakdown on the $7000 area will likely take us back to $6,000. This is for information, I do not look for these prices to be tested. I think that the 7,800 to 7,600 area is much more likely to be the bottom of the current Bear trend. What I hope to confer to you is, That I'm keeping my powder dry to have some cash on hand, I plan to buy on sale. Don't lose your patience and don't buy in all at once. I always plan to divide my cash into increments and buy in as the price drops with an eye on the possible areas of support I've just outlined. Then I plan to ride the elevator up to the resistance levels of 10,200 and or 11,600. Never forget, that all the above have a direct bearing on Altcoin prices. I'm also buying Altcoins as prices fall with similar targets. Bitcoin price levels are strong indicators of the direction of Altcoin price movement, but not necessarily the magnitude of the price movement. Please, Don't forget to Like Agree, Comment and Follow Me, It's additional encouragement for me to share my work. All statements and expressions I offer are my opinions, and not meant as investment advice or solicitation. Information provided is not personal investment advice. Seek guidance from a professional investment advisor before trading or investing. Trading cryptocurrencies can be a potentially profitable opportunity for investors. You should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose. I am not a registered investment advisor. Wishing you success, Isaac
Long
by 6Shooter
There is a possibility for the Resumption of uptrend in GolemTechnical analysis: .GOLEM/DOLLAR is in a Range Bound and Resumption of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.54 to 0.45). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (0.54) .Ending of entry zone (0.45) 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 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= @ 0.67 TP2= @ 0.90 TP3= @ 1.38 TP4= Free
GLong
by ForecastCity
1
There is a possibility for the Resumption of uptrend in GolemTechnical analysis: .GOLEM/DOLLAR is in a Range Bound and Resumption of uptrend is expected. .The price is below the 21-Day WEMA which acts as a dynamic resistance. .The RSI is at 51. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (0.54 to 0.45). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. .Beginning of entry zone (0.54) .Ending of entry zone (0.45) 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 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= @ 0.67 TP2= @ 0.90 TP3= @ 1.38 TP4= Free
GLong
by ForecastCity
2
GNTUSD ready to extend rallyGNTUSD made a nice break from the descending pattern, bounced of resistance at $0.26. Perfect entry was right at strong support on $0.18-0.20 area. Now we are moving higher and despite some market correction, GNT stands well. I’m looking for rebuy on support zone, if we get there and target my next level at $1.27 and $1.52 approximately. Check the volume at break – I market it with red. It’s important to watch for strong patterns and get confirmation with volume along. Also, the MA cross made a good sign we are going to move higher from there.
GLong
by Tilen_tradershub
2