RATE Group | Golem (GNT) Climbs Aggressively Against Bitcoin (BTC) And Ethereum (ETH) As Price Bottom…
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Golem (GNT) Climbs Aggressively Against Bitcoin (BTC) And Ethereum (ETH) As Price Bottom…

01 Sep Golem (GNT) Climbs Aggressively Against Bitcoin (BTC) And Ethereum (ETH) As Price Bottom…

Posted at 20:17h in Ethereum News by

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Golem Chart With Values

Golem (GNT) is about to finish its first green candle against US Dollar (USD) on the weekly time frame after five consecutive red weeks. This week has been confidence inspiring for Golem (GNT) bulls as the trend seems to be reversing as the price has now put in a bottom. The above weekly chart for GNT/USD shows that Golem (GNT) has been trading in an ascending channel against USD since March 2017. Golem (GNT)’s price took a heavy hit against USD after its ICO but it did recover in the months ahead and had a bullish comeback even against both Bitcoin (BTC) and Ethereum (ETH) in the months that followed. In addition to the ascending channel that Golem (GNT) has held so far, the price has also been trading in a triangle since the beginning of the year. Golem (GNT) finally reached the lower limit of this ascending channel and simultaneously the bottom of the triangle last month and found a bottom.

Wave trend analysis for the above chart shows that the price of Golem (GNT) has been…

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