Golem (GNT) Overview
Golem (GNT) is a peer-to-peer decentralized marketplace for computing power. The project aims to be an alternative to centralized cloud service providers with its lower price point and open-source community of developers. The Golem network pools global computing power and enables users to access these resources with GNT. Token holders pay resource owners to complete tasks requiring computational resources. The network is composed of the aggregated power of user devices. Golem is reportedly able to compute tasks that run the gamut from CGI rendering to machine learning. Transactions between participants are deemed to be safe because computations take place in sandbox environments that are sequestered from hosts’ systems.
Golem (GNTBTC) Long-Term Chart Analysis
We will be looking at Golem long-term, meaning the weekly chart.
- Here we have a bullish pattern, a falling wedge marked in purple and also really strong volume coming up this week.
- We are on a Saturday, meaning that the weekly candle closes tomorrow (Sunday).
- The current/active candle this week shows what is called an "inverted hammer", this is also a bullish signal and when it comes up at the end of a trend it can signal a trend reversal.
- Since GNTBTC has been retracing and consolidating since February with a high volume break of EMA10, on a falling wedge and inverted hammer... This can signal that GNTBTC is about to take the bullish route.
If we zoom out and look at the full chart, we have over 3000% of potential profits:
- I will share some of the long-term targets as well below for long-term traders/holders/investors.
Golem PREMIUM Trade Numbers (GNTBTC) by Alan Masters
Buy-in: 0.00000540 - 0.00000595
Next support: 0.00000390 - 0.00000430
(If prices move below our "buy-in", this where to buy next [a second entry])
1) 0.00000685 |Hit 21-June (+21%)
2) 0.00000785 |Hit 21-June (+38%)
3) 0.00000911 |Hit 21-Aug. (+61%)
4) 0.00001045 |Hit 21-Aug. (+84%)
5) 0.00001270 |Hit 21-Aug. (+124%)
6) 0.00001490 |Hit 22-Aug. (+163%)
Potential profits: 393% - 1910%
(Price at writing 0.00000567)
Stop-loss: Close weekly below 0.00000320
Capital allocation: <10%.
AFTER THE STORM, WE REBUILD
There has never been a time in our lives where there haven't been any storms.
We've been through volcanos, tsunamis, meteorites and even war.
Natural diseases are also part of what we call "storm"...
It doesn't matter how big the problem.
It doesn't matter if the times are ancient, if we are modern, if we are young, if we are old...
Human beings and animals have the ability to go on.
Regardless of what hit us... Every single time we learn from the experience, grieve if necessary but stand up once more.
Even if an entire city is taken down...
We always rebuild after the storm.
What comes out next is always better than everything we had before.
Don't take it as the end of the old...
Instead, we are witnessing the birth of a new world.