Gold is up 40% today6.20 Gold market trend analysis:
Gold closed yesterday in a narrow range, the daily line entity is not large, the star K line closed. In the short term into the contraction shock, yesterday due to the early closure of the holiday market, the space to further shrink, the technical structure temporarily entered the contraction of the Braindao oscillating operation. On Monday, the overall volatility of gold was smaller and went downward, recorded a bardo, on the daily line, gold is currently holding in the slow consolidation of the downward channel, the high point gradually moved down and may form a downward triangle, which suggests that there may be continued downside space on the daily trend. In the trend of the 4-hour level, the K line continues to bear the short-period moving average, showing a weak operating trend. Although there was a small rebound in the morning, it was not strong and had been repaired in technical form. Therefore, in the short-term trend, gold still shows a weak tendency.
The hourly line shows a clear return of the interval, and the early positive line in the daily line structure indicates that the market has a certain resistance, but the rebound height of the positive line is still limited by the suppression area. After the second correction of the market, the market still has downward expectations. The Breindau upper track coincides with the upper track resistance 1970 of the recent oscillation zone. Down the track around 1932. A few trading days before the beginning of this week, the large probability is to maintain a range of shocks, and can not see the momentum of breakthrough for the time being. There is no shock trend of breakthrough kinetic energy, and the unilateral quantity is insufficient, which will form repeated sawing and washing disks. Operation on the card point is the key. The direction is second. Short line grasp on the rail empty rail. Try to stay close to the edge of the range, and the stop loss level is relatively small, which also reduces the possibility of being washed. Today, gold has a further pullback risk, short-term above the focus on ma5 pressure is near 1953, the price is expected to rely on 1953 resistance to test 1938 and lower support. The lower support area is concerned between 1940-1930, in summary, today's gold short-term operation ideas suggest that the rebound is mainly short, the callback is supplemented by more, the above short-term focus on 1958-1960 resistance, the below short-term focus on 1940-1938 support, friends must keep up with the rhythm. To control the position and stop loss problem, strictly set the stop loss, do not resist single operation. The recent market turbulence is large, opportunities and risks coexist, and risks are controlled
Strategy one: Gold rebound around 1952-1955 batch short, stop loss 1961, target near 1940-1935, break to see 1930 line
Strategy two: Gold callback near 1930-1932 batch long, stop loss 1924, target near 1940-1945, break to see 1950 line (recommended for reference only, the actual operation according to the real-time operation of the disk)
Golemproject
Gold, focus on the resistance position of 1949Gold, in our strategy has given a very correct analysis. If the MA52 SMA position is not effectively broken upwards at this position now, then the market quotes will make a retracement, and if it can effectively stand on the MA52 position, the market quotes will continue to rise.
Golem (GLM) forming bullish Gartley for upto 33% pumpHi dear friends, hope you are well and welcome to the new trade setup of Golem ( GLM ) token with US Dollar pair.
Recently we caught more than 36% pump of GLM as below:
Now on daily time frame, GLM has formed a bullish Gartley move for another price reversal.
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) completed bullish Gartley for upto 398 huge moveHi 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 short-term trade of GLM:
Now on a monthly time frame, GLM has formed a big 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 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.
GOLEM Channel BreakoutUpward continuation areas
A breakout from a channel
Used to own this coin but sadly I do not anymore
Golem Bullish Breakout ScenarioGolem is currently stuck in a clear downtrend
Will these downtrend break upon the fourth test of the resistance line?
A VERY ugly wick recently formed, first thought that came to my mind was 'coin killer'
Gl all
ETC and altcoin comparisonETC has formed a descending broadening wedge, this is a bullish pattern. There is a large price range for bullish movement outside of the wedge. Also included early phases of ETC and compared to GNT (golem), shows clear degeneracy, with a sharp reversal point. Big money to be made.
golem gaussianGaussian channel turning, this can be seen on many alt coins, an explosion may be around the corner, included possible pathing for golemusd however this is just a guess, (isn't that what TA is anyway?) xD I do expect once the Gaussian channel turns or just before it turns to see some large bullish momentum for many alt coins.
Golem parallel channelgolem has formed a parallel channel on the 4H chart, it can be seen that an ascending scallop has formed which has led to a descending scallop, if this descending scallop holds true another bullish reversal may be in play. Looking for a bounce off green EMA line. My previous golem analysis price broke down at the immediate trendline acting as support.
GOLEM Tight RangeGolem usd pair has formed an ascending scallop which has led to a pullback this usually results in bullish continuation. Currently sitting between two fib EMA levels. Very tight. A breakout is likely.
Golem Descending Scallop Turned AscendingGolem has produced a descending scallop which results in a bullish reversal, these patterns have a high success rate in the current cryptocurrency market. This reversal led to the formation of an ascending scallop, which results in bullish continuation, which can already be seen. Interesting pattern!
Golem inverted descending scallopGolem can be seen to have formed a inverted descending scallop, this may lead to a short term bullish reversal, the performance of inverted descending scallops is poor with a performance of 5/21 in a bear market.
AltCoins that im buying for 2020 #HODLWhat coins are good for next year?
Its alt season gonna start soon?
What are my favorite coins and where i can buy them? Lets find out in the next video traders. Bless
GNTBTC 4HGolem dual dip realized. Again will want to enter into falling channel in my opinion and then new bullish trend, I hope so and think..
break a leg!
GNTBTC forming bullish Shark | A good buying opportunity aheadPriceline of Golem / Bitcoin cryptocurrency is forming bullish Shark and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level.
MACD is turned weak bullish from strong bullish and Stochastic is in bear cross but not oversold.
In my opinion the MACD will be turned strong bearish soon and the stochastic might visit oversold zone at that time if the priceline will be in PRZ area and MACD will turned weak bearish from strong bearish and stochastic will give bull cross then it will be very safe to buy.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000605 to 0.00000594
Sell between: 0.00000619 to 0.00000645
Regards,
Atif Akbar (moon333)