GNT had a huge support at $0.19, as you can see this area has been tested a lot over the last 15 months and it has broken and now that has become the resistance and its a huge one, it will take huge buying power to take it over this..
GNT finding resistance at $0.17 and will struggle to overcome that in the short term, after a %22 gain today we will see a sideways movement in the region of $0.14/$0.15 then we should be seeing $0.10..
Technical analysis:
. GOLEM/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical 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...
GOLEM/BITCOIN
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* There is possibility of temporary retracement to suggested support line(0.000055), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price...
GNT has broken out of its downtrend and has potentially found a new up trend which has been respected since before the breakout. Sitting above a daily support and just about to hit the trend line we may see a bounce here to retest the next 4 hr resistance at 6528.
Watching closely for some more confirmation.
