Technical analysis

    Golem GLM – On fire! +2000% | Bullish flag + Huge breakout!

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    Golem on the weekly chart
    • Golem is on fire! You really want to buy Golem right now because the bullish flag is breaking out and an ascending triangle on the GLMBTC pair also!
    • How can you not love the name of the coin? But you definitely will with the massive profits!
    • As per my Elliott Wave analysis, we are prepared for the third impulse wave to the upside. The third wave is usually the strongest, so you don’t want to miss it.
    • The ABC correction has been completed, and we are forming a bullish flag pattern that is currently breaking out. You often find ZigZags corrections in bullish flags.
    • 1:1 FIB extension is the next profit target (wave 3).
    • https://www.tradingview.com/chart/GLMUSDT/pGQufs7m-Golem-GLM-On-fire-2000-Bullish-flag-Huge-breakout/
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    Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.