Golem at the very start of a bull market, 3000% gains possibleWhat is Golem Network Token?
Golem (GMT, ex GNT) is an ERC20 token (recently migrated) that can be used to buy or rent computing power, which could be useful considering how much computing power is out there, without being used.
It could greatly benefit society, reduce waste.
There are companies, governments, or individuals that need to run computers to process imagery, movies, games, math solving, science, models, all sorts of things.
Rather than waste their money, factory production, energy to build these processing machines, earth natural ressources, and buy lots of heavy equipment, they could instead simply rent some of the millions of computers individuals do not use at full capacity, or at all when they are at work for example.
There is a real use case, and this is more than just a token. 2 days ago the team released Golem Mainnet Release Beta I.
"After several months of a focused effort of the whole Golem team, we’re proud to present you with the first official, albeit still experimental, mainnet version of the new Golem, also known as Yagna."
You can read more about it here:
www.golem.network
The token price is at a support level that is holding, it has been forgotten, the gambler and bagholder activity has hit zero, the price could drop and test the liquidity down there before rallying hard, test of faith even:
So this is what I got:
-> It is a good idea with a real usefulness, also simple to understand, and very "end user" what I mean it concerns everyone, it's not some weird industrial specialized project
-> The team, during all this "dead" time where all the scams have just been abandoned, have been working, I do not know how good the beta is, everyone should do their DD
-> It is "cheap", less than 1 usd per token, meaning plenty of gamblers might get attracted just by the "cheap" price (what if it was the next Bitcoin that went to $50,000?)
-> The price has potentially bottomed, and after a typical long bear market dead period, activity is starting to pick up, and it's to the upside
-> Potential to go up very far
GLMUSD trade ideas
Why you should be eyeing GOLEM (GLM/USD) for 300% gains!I have previously discussed Golem coin (GLM/USD) in a previous idea. We have major accumulation headed in and have major signs of strength in this pair. Look at my previous idea about Golem for an insight into why I think Golem is worth a look.
BTW, if you are new to Wyckoff, his work shows you how institutional investors trade (i.e. "whales")... You either trade with them, or lose money.
Why Golem (GLMUSD) is an attractive buy right nowI am super long on GLM... Price has obviously cleared the previous trading range, we are past the Back Up into Last Point of Supply from the initial minor SOS and we are inside of the new major SOS structure.
The only current red flag I can tell you about is that price is trading above right above what seems to be the established ascending channel... Which is a change in price's behavior (CHoCH - Change of Character). It CAN mean that price is really high right now and we could be setting up for a trading range, or possibly have a small correction down before the uptrend resumes. So I can't guarantee you that this is the best price to come in at. What I can tell you is that price will make a new ATH sooner or later.
When you have a super high volume candle on the outside of a structure, it does make a temporary exhaustion move... But then it tends to go right back up above the high price just created ON LOW VOLUME. We can even make a new ATH on lower volume than it took to break out from the ascending channel! So the possibility is certainly there for a new ATH pretty soon. I would really start eyeing close to that $3 region or high $2 region as an exit point on this.
The good sign is that it's starting to use the 1.618 retracement from trading range swing low to ATH swing high, which is a good sign.
glmglm looking good after a bounce off the 236 on the fib after reaching new weekly highs looking to get to the top of the range for a 50% gain. looking bullish on the hourly and 3day chart!
GLM GOLEM big spike in volume after Binance listing ( Token SwapThis can lead to another spike , but be careful of bitcoin volatility today
