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Bullish on Golem #GLM

Posted on March 28, 2021March 28, 2021 by FX BABA



GLMBTC GOLEM Breaking out! by FX_Baba on TradingView.com

The Cryptocurrency Golem looks great on the daily timeframe to enter a Long position. Let’s break it down:

1) ZRange indicator set with a period of 20 measures volatility based on Standard Deviation. We can clearly see how it has increased pass the upper level. An increased in volatility can be interpreted as an opening for price to make a run. 
2) ZVolume indicator also set at 20 helps us see Buyers and Sellers Volume . Depending on the overall Trend Direction, shown as uprising by our ZTrend indicator, we pay close attention to the Buyers volume which have had a couple of increases above the upper level recently. 
3) ZClassic illustrate in an oscillator form the position of Price in units of Standard Deviation in reference to a moving average. In this case we have it set at 50 and you can see how price has been breaking out the upper level several times recently as well 

To summarize, we have Price breaking out with an increased in volume during a time when volatility is rising on a digital assets that is trending upwards. Great recipe!

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