GNTBTC
GNT/BTC - 3/2/2018Good morning, Traders! In the short term, GNT has been following many trends. Currently, the price has been trading in a channel for about a week, along with staying in a longer-term channel and triangle starting at the beginning of the year. The smaller channel is testing its heavy amount of resistance right now. That resistance is defined by the EMA(100), EMA(200), and the 61.8% fib retracement level. All of these indicators are being tested either currently, or need to be broken before any solid breakout will be observed. Although, due to the heavy resistance, chances are that the price will continue to retrace down o the bottom of the triangle/channel, near the 78.6% fib retracement level. If the price does break this resistance, the price is still going to encounter a resistance level of 0.00004637 and the top of the longer-term triangle. This will provide even more resistance that will most likely lead to some retracement before the price is able to continue in the bullish direction.
Important Resistance Levels: 4637, 5357, 6140
Important Support Levels: 3816, 3231, 2609
DISCLAIMER
WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.
CONFLICTS OF INTEREST
GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.
Written by:
Arham Bheda
Senior Research Analyst
GNT / BTC - Golem you awake??Little TA on Golem. I trade long term and actually hold GNT at the moment so I want some upside. Video breaks down thoughts on that idea and when...
GNT/BTC , tentatively, it can replicate the Dec 12 trend chartPossible maybe this week will have a give a good trend
or tentatively, the Dec 12, '17 trend will be replicate this month. Upcoming week will have a possible move up
decision time for GolemUnfortunately, it is like many alts. stuck between a btc crash and btc surge.
if btc crashes, GNT likely crashes with it.
If btc surges, GNT/BTC price will fall out of this triangle.
remote possibility BTC does a minor pullback for a couple days here and GNT can break bullish. Just doesn't seem like it will get the volume to have any legs.
i expect this to fall bearish but i'll buy the breakout.
GNT could fall furtherDuring the recent rally Golem token has broken above multiple resistance levels, including 50-Day and 100-Day EMA. GNT price is trading below its 20-day EMA, but given the strong bear market, many are expecting a correction to new lows.
Technical indicator RSI is indicating that token price moves to the oversold territory and is due for a correction. Also GNT has the strong support at 3k level from the POC(point of control).I think, it might not be a good idea to short or open a long position right now. If GNT price manages to breach the resistance from 50-Day EMA then it could continue to go higher.
Big breakouts, Huge patterns, Great opportunity. GNT charts !Welcome.
New market cycles just begin.
Don't let those corrections make You wrong.
There is huge possibility that We enter bull market in alts again.
IMO the price could retrace a bit to broken resistance, so
1. Entry : 3920 - 4000 sat
2. Stop loss : under 4000 sat
3. Take profit : 11300 sat (near 300% earnings)
Falling wedge pattern says 11.300 target, but we will track it day by day.
GNT is a safe investment - this supercomputer cannot be DDOS'ed, 300 bilion market cap and very low price.
BARGAIN MODE.
Buy while cheap.
GNT - GOLEM %10 PERCENT PROFITGNT is a good project. I am hodler of it. 4 hour chart says there is buy oppurtunity for us. I expect It will push for 4400-4500.
GNT/USD - Well That Setup Didn't Play OutQuick review of the setup i was looking for to play didn't play out as expected. So back to monitor mode on this crytp to look for the next another setup.
Golem VS Bitcoin Buying OpportunityGolem found the support at 1550 satoshi, after suffering a major decline from 27700 satoshi, resulting in a 94% loss to the Bitcoin. GNT/BTC then started to rise almost immediately breaking above the 200 Moving Average.
Uptrend continued up until 8900 satoshi where price broke above the descending channel. The corrective wave down followed and currently Golem is trading just below the 200 Moving average but still the uptrend trendline is being rejected. If Golem will not close below 4800 satoshi and the uptrend trendline will hold, the next potential wave up could result in a 150% growth, where price could be reached 11.5k satoshi, at the 38.2% Fibonacci retracement level.
On the other side, if the price will close below the 4800 sats it is possible that Golem once again will test one of the support levels, either 3100 or 3900 sats, before going higher. At this point, price looks very attractive for a medium-term buying opportunity with a relatively low risk.
Golem Remains At The SupportFollowing the previous idea on Golem , it has reached support at 4k satoshi, and currently still presents the buying opportunity for the medium to long-term.
The 4k support level has previously been rejected multiple times while first acting as a resistance and then the support. Yet again price rejected the 4k level on the 2nd of February and continues to trade around it for the last three days.
The 8/1 Gann Fan trendline is very close and should act as additional confirmation of the support. GNT/BTC could remain near the support level for another week and produce spikes lower than the support level, nevertheless, the trend looks bearish and soon than later price is expected to rise.
The first major resistance is at 8k satoshi, second is at 11k and third is at 13k. On the downside, only break and close below 1.5k support could invalidate long-term bullish outlook.
GOLEM #GNTBTC - rising wedge pattern will bring 100% profit?ELLIOTT WAVE TECHNICAL ANALYSIS:
At a weekly interval, including larger cycles, it is difficult to distinguish pulse waves. Therefore, the current counter is based on wave increases (A), with a high at 29629 and a complex wave correction in the wave (B), with a low at 1604.
Starting from this low, five impulse growth waves with a high at the level of 9,000 can be determined, followed by a complex downward correction WXYXZ, which lifted 61% of the growth impulse. The level of 61% Fibo at 4574 is an important level of support, because the corrective cycle in the wave (2)might soon end near this region. Not only that, the whole downward descent has a clear wedge character, and the breaking out from this wedge can bring, among others, 100% profit (if the local peak is hit at 9,000).
It is worth to observe this cryptocurrency and wait for the potential knock out of the wedge.
TREND and IMPORTANT LEVELS:
Main trend: DOWN
Intermediate trend: DOWN
Daily trend: UP / NEUTRAL (correction after the end of the growth cycle and possible breakout from the wedge after correction)
KEY LEVELS:
- for further increases - level 5247
- for the continuation of the correction - level 4374
- for the continuation of the decrease - level 4374
PS: Make sure you are following me, so you will not miss any updates and new analysis!
Golem - Worldwide SUPERCOMPUTERGolem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers.
Golem is capable of computing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing. Golem’s limitations are only defined by software developers’ creativity.
Golem creates a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power.
coinmarketcap.com
Official website: golem.network
Whitepaper: golem.network
Blog: blog.golemproject.net
** This is not investment advice ** Trade on your own risk **
GNT (GNTBTC) - Interesting PhaseAs Markest is in correction mode, I am not providing any LONG ideas right now. But there are some coins which are interesting and sharing them here. Probably there will not be any action on these coins until BTC settles down.
With that said, GNT seems interesting and may move up from here for short to medium term. Thank you.
Golem GNTBTC Bullish ContinuationI'm expecting Golem to continue moving up in price.
Profit targets are 10k and 13k. Bear market looks like it's over and GNT has been accumulated for some time. Price has moved up fast and is now catching a break, forming a descending triangle. A descending triangle has a bearish bias, however, I think it's going up!
The Tom Demark indicator says there is probably a good buy opportunity on the 24th Jan.
GOLEM daily looking goodGOLEM has broken clearly above the daily cloud and as you can see when zoomed out on the daily can easily be seen to be at the beginning of a new market cycle, buys can be placed above the daily cloud and hold the trade for 600 - 1000% profits
Golem becoming really bullishVolume on GNTBTC went up significantly and the chart is showing strong bullish patterns
GOLEM - Triple Bottom Sign for BullishThe Triple Bottom starts with prices moving downward, followed by three sharp lows, all at about the same price level.
Volume diminishes at each successive low and nally bursts as the price rises above the highest high, confirming a BULLISH reversal.
Beside that, Golem is the Airbnb for GPU and a really interesting and viable project. It can a coin for a long term HODL.
Wait for a confirmation of the bullish at the 623 area to enter the trade
I will update the progress once the trade is active.
Good luck
GNT/BTC Poloniex – 8 H – symmetrical triangle break-out.GNT has a break-out of symmetrical triangle on 8 H chart against BTC. Bounced from 60-day MA. It has crossed Ichimoku conversion line and base line (after pull-back) and is above the cloud. RSI is at 60 levels approx. – bulls look to control.
I am in the trade with 0.5 BTC at 7160 satoshi. Target is just below 10870 satoshi which is an old resistance and which is approx. 1.272/1.414/1.618 fib. levels of recent full and sub-up movements. With monitoring price movement continuously at these critical target level (depending on timing and so whether I can monitor that closely) rolling target may be used – otherwise I will set my target just slightly under 10870 satoshi. Still monitoring the trade of course but may not that closely to be able to go with a manual rolling target.
Stop-loss 5800 satoshi. RR is 2.76.
This is my personal view and trade. Please do your own research and trade carefully!
Golem (GNT) Possible uptrend with about 25% profits.There seems to be a bullish signal for golem that is going upwards although the trend is not that strong yet. We also need to look out for a possible double top.
Buyin:
72xx-73xx sats
Target:
9000 sats
Will update when needed.
GNT(GOLEM) LAST CALL TO GET GOLEM FOR UNDER $1.00These next few days will be your last chance to score Golem under $1, we are looking for a sustained spike into $1.15, a slight pullback and beautiful potential swing to $1.35. After this occurs it will be extremely hard to get Golem under a dollar. This will be the short term play but for those truly wanting to plant their flag into a cryptocurrency this would be one to take a good look at as the project progresses so will your holdings. This coin is not for the faint of heart, slick Rick's trying to scrape a buck, or your everyday crypto hype-man. Please read below for a brief insight on what Golem is -
For those not familiar with the company and technology behind the network, I strongly suggest visiting their website and going through the white paper. Here is a short synopsis:
"Golem is a global, open source, decentralized supercomputer that anyone can access. It is made up of the combined power of users’ machines, from PCs to entire data centers. Golem is capable of computing a wide variety of tasks, from CGI rendering, through machine learning to scientific computing. Golem’s limitations are only defined by software developers’ creativity. Golem creates a decentralized sharing economy of computing power and supplies software developers with a flexible, reliable and cheap source of computing power."
Golem is an extremely long term hold in my opinion, please look at page 11 of their white paper, to think that we are barely stepping into Clay Golem...hodl
GNT (GOLEM) is ready to start wave 3 of 5As you can see in this chart, per Poloniex price, GNT is almost complete the Elliot triangle pattern ABCDE and this morning it broke the resistance line. I believe it will start wave 3 out of 5. If this happens, wave 3 will goes to 120 satoshis. Just watch and see what is happening.
