Clear excess of 1.618 of Wave C, plus higher lows as well. Too early to call targets, but I know for sure that I will be watching this space closely. Not FA!
Technical analysis:
. Golem/Ethereum 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 34.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00045600 to 0.00042600). if so, traders can set orders based on...
Technical analysis:
. Golem/Bitcoin 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 35.
. While the RSI downtrend and the price downtrend in the daily chart are not broken, bearish wave in price would continue.
Trading suggestion:
. There is a...
GNT has been in a slow but increasing price uptrend since the 12th of September. Purple zones are a strong resistance and difficult to get the volume to push on, MACD has crossed and we are looking to reach $0.20 within the next few days.
Technical analysis:
. GOLEM/BINANCECOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
. The price downtrend in the daily chart is broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
. There is a possibility of...
GNT looking to hit new lows of a possible $0.07, two targets have been stated in the chart, now the downward trend line is approaching so we have to see how that plays out, we could see a breakout towards $0.20 Red Zone Box if we have a successful break.
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 49.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.147 to 0.114). if so, traders can set orders based on Price Action...
GNT looking to push out of the wedge and target 2650 Sats, MA's looking to crossover which signals towards a bullish movement and also MACD is looking bullish. After we reach the 2650 Sats possible pullback (Green Box) towards 2500 Sats.
Each replication comes with a downside movement, 20MA touched and now reversing towards the downside. (Green Box) in play and it is the last form of resistance for GNT.. $0.11 is a strong support so should hold well, but considering BTC and the $5000 prediction and with near enough all altcoins following BTC movement, we could see GNT plummet further in the future.
GNT one of the most undervalued Cryptos on the market has been trading sideways for a while now, both grey circles are key areas that if we breach either way will dictate the price, $0.115 has held up for the last support for GNT, if broke we could see single digits for the token. I do believe this Token is a $7 coin in the future.
Technical analysis:
. GOLEM/ETHEREUM 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 46.
. While the RSI downtrend in the Daily chart is not broken, bearish wave in price would continue .
. The price downtrend in the daily chart are broken, so the...
GNT still in a downward motion and even a break out of this trend will only give bulls slight movement.. $0.11 still very much in play, $0.13 will become a strong resistance after being broke yesterday.
Technical analysis:
. GOLEM/ETHEREUM is in an uptrend and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 69.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased.
Trading suggestion:
....
after hitting my target of $0.13, GNT has broken support and is now acting as resistance, resistance is holding us at $0.136. A daily closure will take GNT towards $0.144 but looking at what is playing out $0.11 is more than likely.
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..
