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👀Huobi x CoinMarketCal👀A Coin To Keep An Eye On-Golem!

🔹What is Golem GNT?

Golem is based on the Ethereum blockchain and has created a peer-to-peer computing infrastructure in order to provide a global, distributed market of a central processor unit (CPU) power. The platform is a so-called Worldwide Computer which allows everyone to make a contribution. At this stage, the system allows users or providers to lease some extra CPU power in exchange for a reward from customers who create products that require large sources of energy. Golem uses Ethereum’s smart-contracts as a transactional system of payments within the network. [Source Cointelegraph]

🚀Grab Your Bonus

📅 Upcoming Event: November 19th: GNT to ERC20 per coinmarketcal.com!

FAQ: https://blog.golemproject.net/gnt-to-erc20-migration-faqs/
www.Huobi.com

📈Analysis

After lazily consolidating through the end of September, GNT’s volatility suddenly spiked as the low at $0.0795 was purged in early November before an 87% surge upward.

Since then, the price has retraced to under the Q4 open — possibly creating a similar accumulation setup to this month’s purge-to-surge under the November monthly open.

Bulls could enter in the current region or on a stop run — perhaps triggered by Thursday’s migration — into probable support near $0.0954. Less aggressive traders could look for a flip of the Q4 open into support before hunting lower-timeframe entries.

The resistance starting near $0.1255 provides a first target. A break of this level is likely to proceed to the swing high at $0.145. Longer-term, the August swing high near $0.175 provides another bull-trend target.

👀Follow Us On Twitter @HuobiGlobal + @CoinMarketCal

👀www.huobi.com; coinmarketcal.com

Risk Reminder:

1. Trading in digital assets comes with high risks due to huge price fluctuations. Users should be fully aware of the risks associated with digital asset trading and make prudent trading decisions.

2. Huobi Global’s announcements and information do not constitute investment advice, and Huobi will not bear responsibility or provide compensation for direct or indirect losses arising from trading decisions whilst relying on this information.

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Huobi Global

Huobi Global

The leading global digital asset exchange. www.hbg.com | www.huobi.com | Official Telegram https://t.me/huobiglobalofficial

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