Golem (GNT) Short-Term Technical Analysis - Steady Growth to 0.60usd

Golem (GNT) is looking pretty good in a short term analysis.

It has made a huge rebound from the past 2-day major consolidation in the crypto markets. It is one of the few markets that has made a recovery and it seems like it is back on track on its upward trend channel. This could be due to the faith that the investors have in the golem technology and with the low price per share and the upcoming release of Golem brass (a major milestone).

My predictions:

• Orange & pink: If it breaks out of the triangle or 0.000215 btc line (which it has proven to do so twice), it has the potential to grow above the red trend line and consistently make its way towards trying to break its high of 0.00024s.

• Purple: If it doesn't succeed in breaking out of the triangle it may need more support to rise above the red trend line. However, even though it may go under the red trend line it will have a positive growth within the positive channel.

• Red: If there is bad news. There might be major sell off/drop that may test the 0.00019s levels but ultimately it will regain the loss and stay on an upward trend within the channel.

Ultimately, I see GNT breaking out of its 0.52 usd high and hitting 0.58-0.60 usd in a couple days.

Please let me know what you think. Leave a like and subscribe for more. Thanks.