GNTUSD GolemGolem is setting up beautifully for its next run. This one has been outperforming the rest of the market fast just like EOS and ZRX. I am big on Golem from a fundamental aspect and I like this thing to make another run of a mini wave 5 setup back to $1.00. Again all dependent on Bitcoin not falling from here.
Golem
imaginary cup&h can get us 30% from golem projectif this scenario can be completed you can see that target easely.
Golem Scalp?Up 40% on my initial entry from 5/28 and first target reached at the 161.80% fib extension. However the current pennant pattern could provide for an additional entry with further room to the upside depending on which direction this pattern breaks.
#Golem update: EW count #GNT Crypto $cryptoGolem EW wave count.
Golem impulsive wave 1 has retraced till the 61.8-78.6 fib retracement.
Impulsive 1 is divided into 5 minor waves.
Wave 1 was a leading diagonal, then wave 2 retraced till 78.6fib
Wave 3 was a 1.27fib extension of wave 1
Wave 4 was a 23.6fib retrace
Wave 5 looks to be a 1.618fib ext of wave 1
Now we can expect an ABC correction fro #golem
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
LONG CoinLoop Signal: Golem (GNT)Indicator: Social volume increasing.
Buy volume increasing. Positive market sentiment.
Probability: 56%
John Mcaffee calling $3 by July would look like thisMcaffee calling $3 by July.... You be the judge one that one LOL... That guy done to many drugs
Golem Daily Trade - HUGE Support + 0.5 FIB Bounce (+20%) ProfitHello traders,
Weekend is back, and a bit boring as usual in the crypto market! Bitcoin is going sideways for some hours, and still no clear direction atm!
I bring you another daily trade! I will be posting trades for my followers EVERYDAY! Totally free, i dont have VIP groups or telegram, i just work for my TV community because i love your support! :D
But now lets talk about GNT - GOLEM trade... :D
We are looking at the 2hr Chart, and we can see the EMA, are still acting as resistance to golem, and i was looking at the daily chart, and we are clearly arriving a zone with HUGE support, wich a bounce is expected!
We have the 0.5 FIB + the 50EMA of the daily chart wich is a big support, both in the same zone, marked in the chart in the blue box! Thats is our buy zone!
I have put 2 targets in the chart, one short term, that is the one i will be taking profit, and one longer term!
We can make about 20% profit in the 1st target in maybe 1/2 days,after we touch the support zone!
Stop loss should be just under our buy zone (blue box)
I will update this trade soon, dont miss this one!!
If you like my posts dont forget to leave a BIG like, or comment below, i appreciate a lot your words!
See you soon,
Mr.TTT
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
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
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
Golem :- Big Player in 2018-19Golem :-
GNT has done exceedingly well in the bear market that we have endured.Prices will soon be above the 2$ region even before a lot of people would hop on.
Once the new phases of Golem keep coming out the current prices would only be a fraction of what they can achieve.
UPDATED: As Bitcoin Drops Buy AltcoinsUPDATED: As Bitcoin Drops Buy Altcoins
This follows on my chart from a few hours ago.
The 21 Day MA has been breached to the downside. There is some support at 8534 on the Fibonacci. Then support at the 50 Day MA around 8300. If 8300 is broken then next support is in the area of $7600 where there is Fibonacci support and the turquoise dotted line that represents the bottom of the rising trend which is months old. I have been taking my own advice and buying some alts as this downtrend continues. I have said in the past that a pullback to the area of 7800 would be healthy for BTC in order to move up in the 5th wave of the Elliot cycle. It looks as if the downside target has the potential to reach 7600 at this point before rebounding. A rebound from the area of 7600 to 7800 will set Bitcoin up to make a move to the area of 10200 and then if all is well 11,600. These numbers are not exact, they are derived from technical analysis not a crystal ball.
I previously said I was buying quality altcoins as Bitcoin drops in price. The rebound will favor much higher profits in quality Altcoins.
Again my most favored Altcoins are as follows:
Verge XVG
Lumens XLM
DASH
ARK
Cardano ADA
Golem GNT
LISK LSK
SmartCash SMART
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
As Bitcoin Drops Buy Quality AltcoinsAs Bitcoin drops in price use this opportunity to buy quality Altcoins such as those I've recommended in the past. The coming recovery from the current Bitcoin drawback will be magnified in quality Altcoins.
Verge XVG
Lumens XLM
Dash
ARK
Cardano ADA
Golem GNT
LISK LSK
Check out a rapidly upcoming coin not yet listed on TradingView or major exchanges, SmartCash (SMART) it can be found on a few smaller exchanges, and on the decentralized exchange Crypto-Bridge you can google for it. SmartCash has over 13,000 (YES, thirteen thousand) masternodes already online with transaction times less than one minute for only a few cents. Smartcash has a very attractive masternode program, a monthly payment of dividends on holding the coin, they are about to release a payment system that will be usable by merchants with a cellphone app, using a "debit card" you can print out on your home computer with a QR code that will deposit fiat to the merchants bank account bypassing Visa and Mastercard.
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
Golden ratio hit at 0.618 fib time to moon?Golem just hit golden ratio at 0.618 fib level which is a great opportunity for trend reversal, RSI very oversold and MACd is just about to cross on o short time frames which is a very good confirmation of bullish movement. We can also find confirmation in the fib channel. Double bottom might be formed first.
If you like the idea please leave a like so more people can see it :)
Getting ready for a leg upGolem had a nice rally recently. It seems it has found support after a correction to .618 fib level and now is getting ready for another leg up.
Short term I think it can reach 9265 fib level of its all time high movement.
Volume is declining which is a great sign when a coin is in correction.
I still have not opened long on this trade.
I will wait for breakout with good volume to go long.
Will update this post.
GNTBTC GOLEM FOR 50%Buying opportunity on Golem. Coppock heading above 0 line. RSI downtrend broken above. Guppy confirms traders and investors are having the same sentiment. Good Luck
Golem ,A great buy trading opportunity in GNTBTC. Don't miss it!Technical analysis:
.GOLEM/BITCOIN is in a range bound and Beginning of up trend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance. as long as bullish exit in daily chart or daily RSI is not occurred, The uptrend will not begin.
.The RSI is at 40.
Trading suggestion:
There is possibility of temporary retracement to suggested Buy zone (0.000032 to 0.000016), if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (0.000032)
.Ending of entry zone (0.000016)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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 special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks)
Take Profits:
TP1= @ 0.000055
TP2= @ 0.000077
TP3= @ 0.000089
TP4= @ 0.000109
TP5= @ 0.000168
TP6= @ 0.000221
TP7= @ 0.000278
TP8= Free