free forever qr code generator Golem Breakout: Went Up 7% With Increased Volume

We have another nice setup today and that is for Golem. It broke out today from its descending trendline. Here is the daily chart:

See my work over at Steemit: https://steemit.com/@freeforever

Comment: As you can see from the charts, Golem is now clearly above the bollinger band median and we also had a breakout on the stochastics. We can also see that the volume picked up, much higher than the earlier days so most things are looking good here.

In order to get a confirmation sign here is a daily close above the 200 day moving average (yellow line). We actually touched that earlier today, but hopefully we can climb above it tomorrow (Tuesday).

Now, in terms of stop/loss I would keep an eye of the price if it falls below the bollinger band median at 6500 satoshi.

Finally, I want to warn about Bitcoin, it fell quite a bit during the last hour of trading on Monday and if Bitcoin will continue to fall it could impact alts such as Golem. Therefore, look out for a potential big drop for Bitcoin.

Happy trading!

free forever qr code generator Golem Breakout: Went Up 7% With Increased Volume
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