✴️ Golem Long-Term + Medium-Term Targets (128% Growth Potential)

14 nov 2023

Golem (GLMUSDT) established a long-term support range with the low it hit back in May 2022. After this date, a series of attempts by bears to push prices lower all failed.

On this chart, we have 6 major attempts when the "Long-term support" was challenged, all leading to a small bounce/upwards correction.

We saw lower highs coupled with a flat bottom, a classic accumulation pattern.

Mid-September was the last attempt at support, GLMUSDT started to move up and is now gaining in bullish momentum. Right now we have 5 consecutive weeks closing green, a rare event and a strong bullish consolidation signal. After this type of behaviour, a sudden surprise move tends to develop in the same direction the consolidation is taking place. We see 5 green weeks, the next major move therefore is likely to happen up.

Long-term support has been confirmed, a challenge of resistance is set to happen next.
There can be additional growth long-term, many times higher than what is shown on this chart.

Thank you for reading.
Your support is truly appreciated.

Namaste.