Buying opportunity in GOLEM altcoin emerging

The Alt Coin Golem is making a nice come back to the support and break out line around 9500 sat.

The indicator MACD is on the daily chart still in positive territory, this is extra important because: when Golem starts to move up it will go fast, the MACD doesnt have to cross the 0 line.

The indicator RSI is also still above the 50% line, while GOLEM is retracing, this is a second positive sign.
Were entering a area to start scooping up some GOLEM in down ticks between 9500 en 11000 sat.
I expect a breakout next coming two weeks.
Early dip buyers can scalp some profits between the 9500 en 11000 sat. range.
Here we see the daily chart, with the buying area and the break out level, which will serve as support.

Price projection: new high, following trend line up. So this also means that after a strong up move, the price can also quickly decline to the trend line or and new established support level.

Put is some small sell orders at old and new highs for some profit taking and when filled, put it back in as buying orders the get your old position again, but with extra profit. With the bulk of our position we ride up, till there extreme spikes, or you just forget and HOLD the position long time.

What to do when the price is going through all support to 7500 sat ( with same BTC price) , just keep buying small amounts and put in some sell orders, in this way you still make some small profits.
There is so much support between 5500 and 7500 sat, i dont see that breaking.
My advice is not to go all in, but use max 10 to 20% of your budget for this trade.

Here we see the Hourly chart. You clearly can see the whipsaws in the price from which we going to make some profits along the way up. The yellow area is also seen as the time left to get into our position. We want to use the yellow area to trade and get in as low as possible.

Keep an eye on the MACD and RSI , stop buying when they are both under the MACD 0 and RSI 50 line.
extra RSI tip when RSI is under 30 , this means the price is oversold and shoot retrace to normal level, be extra alert for buying opportunities around these area's

if i have the time i use 15 or 5 min charts to really, catch the small breakouts.
Remember, profitable trading is 50 % right the direction and the rest is money management.
Wish you happy trading and let me know if my trading tip was use full.

I have a GOLEM position for the longer term and will start to accumulate some more at the area we talked about.

Here some extra info
You can trade GOLEM on Poloniex and Bittrix, but the most volume is on Poloniex

https://blog.golemproject.net/
https://golem.network/

Update: price is still moving forward in yellow area, did some small scalps myself.
Update: 18-5-2017 price touched 10k level , there were some good opportunities to get in and scalp some rewards
price moving still in yellow area.
Update 18-5-2017 price broke downtrend, now see were it goes, if you got filled on your bids around 10k GG. i got some @ 10.5 , 11.4 and 12k

Update: Price broke out violently to the upsite, could make some nice profits. aldo i stay in for the longer term.