Long
Golem GNTBTC - Looking Tasty. Bullish Divergence + Cup & Handle
Golem is one of the most promising projects in crypto right now - so I'm bullish regardless of TA.
It looks like it's forming a pretty textbook Cup & Handle.
We also have a nice big Bullish Hidden Divergence.
The Ichimoku Cloud is positioned pretty nicely to curve the handle up right around where you'd expect too (will post a screenshot).
Bitcoin is going bananas right now so be careful - my feeling is that any significant move below 0.00007 will weaken this pattern a lot. But if it stays above, and obviously if it breaks above the neckline, we should have a pretty nice move up.
Good luck!
It looks like it's forming a pretty textbook Cup & Handle.
We also have a nice big Bullish Hidden Divergence.
The Ichimoku Cloud is positioned pretty nicely to curve the handle up right around where you'd expect too (will post a screenshot).
Bitcoin is going bananas right now so be careful - my feeling is that any significant move below 0.00007 will weaken this pattern a lot. But if it stays above, and obviously if it breaks above the neckline, we should have a pretty nice move up.
Good luck!
Note
Ichimoku Cloud:Note
Held up really well against the bitcoin rally - still forming the handle nicely, and we've got another Hidden Bullish Divergence on the 15m charts:Note
Handle incoming?Note
Getting close!Note
Is that beautifully formed or what?Trade closed: target reached
Target reached!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.