GNT 4-Hour TA - Golem Set To Rise to Next Level?

GNT GOLEM POISED FOR A MOVE

I am going to be doing a LOT more TA on Golem. This is a gem of a project which trades on CoinbasePro. The technical analysis chart is provided from the TradingView.com website.

I'm in the "buy" zone right now, ready to start accumulating. I have been on the fence since the 0.04 level, but I don't think it will drop back that low again. It just dipped below the 50-day EMA, and I'm watching closely to see if it holds this line as a base.

The stochastic is already deep in oversold territory, but the fast line is still below the slow line. It should cross over soon, and that could spark the next move up. It could also languish down in this zone IF the price line stays below the 50-day EMA.

The volume is low, but relative to prior trades, it's more than the usual. The Golem project is very impressive. Basically, it is the creation of a "supercomputer" that is comprised of several networked computers on the blockchain, and can be used to handle massive data crunching and computation without the need of investing in a supercomputer.

Fib analysis coming soon, so stay tuned!

Carlton Flowers
The CryptoPro

NOT FINANCIAL ADVICE - Entertainment purposes only. Seek a qualified investment advisor before making any decisions on purchasing cryptocurrencies.

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