GNT-Golem Network Token

GNT has what appears to be a several month cup and handle pattern:

in this picture^^ I have placed a few of the major notable support bases.
The Point of Control (visible range) for the 7 month window (red horizontal line) and the current price are both showing support bases, too.

Zooming in at the last ~2 months of activity we can see a settling pattern:

A diminishing Volume over this time period insinuates accumulation/consolidation. In other words, the strong hands are lifting coins from the weaker hands and approaching a limit (math definition).

The VWAP in yellow is tightly following the price. You could probably use that to help you determine immediate price action.

I've identified some of the points at which the market has tested the current support base:

It's quite possible for the price to go back towards 6k sats in the short term:

Im looking towards the visible range indicator here. There are a lot of holders who bought around this level, however, it is also possible to see a dip into the 4300s. So, consider placing orders above and below the price so that you win no matter what. That is, if your strategy is short term. If you're trying to hodl for more than a month, that's another story!!

Lastly, keep an eye out for breaking that support base! That will be the key! (A support base is typically approximate)

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