GOLEM (GNT/BTC): Could Wave 3 Be Next?
SUMMARY
GOLEM (GNT/BTC) has likely bottomed as shown by how the red C wave is subwave counted and even wave V of C shows so well the last remaining five (red).
The chart below demonstrates that the blue five wave impulse likely signaled the trend reversal from down to up. As the five blue waves completed, the requisite abc was carved out as it seems like GNT/BTC much prefers symmetrical triangles to consolidate through. The breakout is awaiting wave 3 (white) to onset and that would also signal the higher degree wave 3.
The purple represents how the smaller subwaves fit into the larger degree of trend. Should wave 3 (purple) mature; higher prices could quickly be tagged.
Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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love GNT BTFD
All the coins seem to be syncing ready to enter a 3rd wave together.
I’m still holding $0.74 bags on golem, been watching it and considering buying more and averaging down my position but so many undervalued coins right now it’s hard to choose.
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