NLGUSD
Gulden $NLG - Looks like a steady uptrend since 2014Gulden $NLG - Looks like a steady uptrend since 2014
Gulden (NLG) USD Possible Bullish MovePossible Bullish Scenario for Gulden.
In my opinion, this is an excellent potential for growth. You know what to do with this information.
And most importantly!!! Always remember - be careful with your money, weigh your every decision and I hope each of you will get your cool profit!
NLG Bullisch Breakout confirmed! Target 600 SATS, time for bullHello Guys,
NLG broke bullisch out if its wedge, as I mentioned in my last NLG post. The target of this falling wegde is 600 SAT, which is very good news, but quite unreal for some who have seen a downtrend for the pas 2 years. Now the bulls must show some strength and push NLG there!
It is also holding the 20 Day Moving Average as support, the last time it dit that was 2 months ago, this is also a strong sign that the bear trend has found a bottom.
I would like to see some big green candles pushing us to above the 20 Week MA, to completely confirm the beginning of the bull trend.
Trade safe!
Buy Gulden now it's still cheapDue some good nows about Gulden it is rising fast. At the moment of writing we are allmost at 10% in green after a gain of 11% yesterday.
A big Dutch news website announced that it will accept Gulden donations next week. This is an enormous boost for the Gulden. More people will hear about it and find out what Gulden is. So my advice, buy Gulden now. We all know Gulden is a great project and is allready been used in the Netherlands as a paymenyt method. So it has absolutely lots of value.
Also if you take a look at the technicals there is reasson enough to buy now!
Time to buy the crypto GuldenGulden is picked up by multiple crypto experts. The inovative Gulden POW2 whitness system is the thing they are talking about. If we look to the technical aspect of the chart we can see there is a wedge created. First we will break this wedge and climb up a little. A small pullback and we will go further up. Also if we look to the pink logarithmic trendline we allready broke that downtrend, more reasson to climb up!
Gulden Upside PotentialSteady downtrend since May has resulted in a 60% loss against the USD, while the price went from $1.3, down to the recently formed low at $0.05. After hitting the low, NLG/USD went up and broke the downtrend trendline, along with the 50 Moving Average and the descending channel, all at the same time.
However, Gulden has rejected the 23.6% Fibonacci retracement level at $0.07 and went down to test 61.8% Fibs at $0.058. The Fibs support has also been rejected, and now it seems that NLG has stuck between those two levels.
At this stage the range trading might continue for days, but it is important to watch for the breakout, either above the resistance or below the support. Break above the resistance should send price up to 76.4% Fibs near $0.1 psychological resistance. While break below the support is likely to result in a double bottom formation near $0.05 or even the downtrend continuation.
Buy GULDEN nowI think personaly that Gulden has reached the bottom. So with that in mind now is the time to buy Gulden, NLGUSD or NLGBTC. We reached the downside of the trendline I've drawn. Also we reached the end of a wedge wich is building for a long time now. If we project the grwoth that Gulden made before you can see my prediction in an optimal situation based on support and resistance points we've had before.
Also if we take a look at the news for Gulden: The new release of Gulden 2.0 will be at the 28th of june. Gulden is allready in use as payment method in the Netherlands, with the new release I think there will be more atention for Gulden than before. So now is a good time to buy!
NLGUSD ready for new highsAfter a period of corrections it looks like Gulden is ready for new highs. The traded volumes where allmost flat-out, so it looks like the correction is done. We build energy to make new highs. We reached on the downside an older support/résistance area, so this could be a good turning point
NLGUSD Hard retracementBased on previous retracements probably it will bounce back from the red zone, form under 0,2 fib retracement.
The comeback of GuldenSince januari 1 of 2002 people in The Netherlands had to start paying with the Euro as their main currency. Before that, the Dutch had the Gulden as main currency. Many Dutch inhabitants miss the Gulden because when the Euro was introduced, prices were increasing (Gulden was a much more sturdy currency).
With all this in mind a Dutch company created a cryptocurrency named Gulden (NLG). It's main purpose: paying method. The company wants the Gulden to become the main way of paying once again. A beautifull story, but they're not alone. So what makes this coin so different from the others?
As we speak they're working on Gulden 2.0, and it has some awesome specs: read about it on dev.gulden.com .
Besides this, I found out that Gulden might be one of the most user friendly coins out there. Their wallet is easy to download and use and they have a beautifull and simple exchange: www.nocks.com . A lot of people have trouble understanding how to get crypto, but Gulden makes that a problem of the past.
On to the chart: clear triangle with great long and short term (short term will be posted as a comment) potential. With a market cap of only $95.306.917 USD, Gulden has a lot of room to grow.
Price target will be updated asap...
