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
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 Established An UptrendAfter multiple rejections of hte $0.17 support area, Golem started to rise rapidly, breaking above the 200 Moving Average. As uptrend continued GNT/USD broke above theprevious all-time high at $0.72 and then went even higher breaking the $0.87 resistance, that is 127.2% Fibonacci retracement level.
Althogh the correction down followed and Golem rejected the previous resistance at $0.87, currently acting as a support. It seems that the uptrend is only emerging and Golem could potentially triple in value against USD. The Fibonacci resistance levels should be watchd for rejection, but the final upside target is $3, that is also a strong pshycological level. Only a break below the 200 Moving Average could invalidate bullish outlook.
GNT Falling wedgeGNT was trading in a bull pennant but was pushed down by the BTC dump. It has now formed a falling wedge and I expect it to break out in the next 24hr's. Previous targets are still good.
Golem (GNT) Trade SetupGolem is in a descending triangle formation where we see a triple bottom at ~5000 satoshis.
Bullish Signals:
- Triple Bottom
- Oversold RSI
- Brass Golem v1.0 to be announced in the coming weeks/few months.
- Golem not added on Binance or Korean exchanges yet.
- Golem currently at 5,000 satoshi with previous ATH (All time high) of 25,000 satoshis. And this month's ATH of 9000 satoshis.
We will get a bullish formation once GNT breaks the upper triangle line, and bearish confirmation once 5000 satoshi support breaks downward.
I am overall very bullish on GNT regardless as I believe in its fundamentals which imho is much influencial price booster on the longterm.
Entry:
5000 Satoshis or once we get a bullish confirmation.
Good luck to all!
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.
GNTif it bounces from the trend line then possibly it will hit 7600 levels and it if breaks them we may see it at 11000 or even 17000 sat
GOLEM - idea -Golem is looking great! I don't see it going any lower than the current price at .00005680
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
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
Golem symmetrical triangle and cypher patternsPossible cypher pattern to complete the symmetrical triangle. Details and levels on the chart.
CRYPTOSTAR: GOLEM Worldwide SupercomputerGOLEM
Worldwide Supercomputer as per site, "Golem is a global, open sourced, decentralized supercomputer that anyone can access. It's made up of the combined power of user's machines, from personal laptops to entire datacenters."
golem.network
This looks like a winner for the space, just don't know how high it can go.
GOLEM/GNT, Price Forecast Golem Price forecast based of technical's. Golem has a very good upside trend forming at current levels
and can be a very good medium to long term hold.
Golem (GNT) Entry for HAI charting competiton: 01-08-18
GOLEM (GNT) broke out of falling wedge . Currently on wave 3 but is still a good risk to reward if entered at current price if Wave 5 is your target. 200%-220%
$GNT GOLEM FOR THE LONG HODLContinuation from my last publication. My TA predicting the direction and natural growth for $GNT.
