Golem Remains At The Support
Golem Remains At The Support
Following the previous idea on Golem, it has reached support at 4k satoshi, and currently still presents the buying opportunity for the medium to long-term.
The 4k support level has previously been rejected multiple times while first acting as a resistance and then the support. Yet again price rejected the 4k level on the 2nd of February and continues to trade around it for the last three days.
The 8/1 Gann Fan trendline is very close and should act as additional confirmation of the support. GNT/BTC could remain near the support level for another week and produce spikes lower than the support level, nevertheless, the trend looks bearish and soon than later price is expected to rise.
The first major resistance is at 8k satoshi, second is at 11k and third is at 13k. On the downside, only break and close below 1.5k support could invalidate long-term bullish outlook.
Source: http://cryptopost.com/golem-remains-at-the-support/
It will go down !
than it will go up ;-)
Why do you think it will go down more?
Well it went a little more.
And I think it will go more.
Until big boys will decide it enough, and will go in to bitcoin and alts again !
;-)
Sitting on a very modest wallet of golem and powr. Just gotta play the waiting game now!