There is a possibility for the beginning of an uptrend in GNTUSD

Golem / Ethereum POLONIEX:GNTETH


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:
. There is a possibility of temporary retracement to suggested support zone (0.00066800 to 0.00061000). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (0.00066800)
Ending of entry zone (0.00061000)

Entry signal:
Signal to enter the market occurs when the price comes to “Buy zone” then forms one of the reversal patterns, whether “Bullish Engulfing”, “Hammer” or “Valley” in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about “Entry signal” and the special version of our “Price Action” strategy FOLLOW our lessons:

Take Profits:
TP1= @ 0.00073540
TP2= @ 0.00078350
TP3= @ 0.00085440
TP4= @ 0.00093080
TP5= @ 0.00103200
TP6= @ 0.00114110
TP7= @ 0.00135630
TP8= Free

By admin