Golem (GNT) Bullish Consolidation
Golem (GNTBTC) is now showing a very uncommon pattern marked with a light blue rectangle.
We have 6 consecutive green candles all moving straight up.
I am calling this "bullish consolidation" which can lead to a massive jump.
The RSI is above 50, we know what this means... Strong.
GNTBTC is also trading above all of our EMAs, removing all resistance on the way up.
Support was found at EMA100 which also coincides with the 0.618 Fib. retracement support.
This is looking strongly bullish to me... We will see how it goes.
Namaste.
We have 6 consecutive green candles all moving straight up.
I am calling this "bullish consolidation" which can lead to a massive jump.
The RSI is above 50, we know what this means... Strong.
GNTBTC is also trading above all of our EMAs, removing all resistance on the way up.
Support was found at EMA100 which also coincides with the 0.618 Fib. retracement support.
This is looking strongly bullish to me... We will see how it goes.
Namaste.
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