GNT has formed a wedge and is looking to break below, RSI looks like we could be slight overbought and is attempting to pull back. A drop towards target 1 could soon be spiked back up to small red trend line then down to target 2.
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.
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 ...
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 comes to ...
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.
Golem has made a good leap and has also landed once again, it stands against a strong resistance to breaking down, taking a small position, even sliding under the red line
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