GOLEM (GNT/BTC): Could Wave 3 Be Next?

SUMMARY

GOLEM (GNT/BTC) has likely bottomed as shown by how the red C wave is subwave counted and even wave V of C shows so well the last remaining five (red).

The chart below demonstrates that the blue five wave impulse likely signaled the trend reversal from down to up. As the five blue waves completed, the requisite abc was carved out as it seems like GNT/BTC much prefers symmetrical triangles to consolidate through. The breakout is awaiting wave 3 (white) to onset and that would also signal the higher degree wave 3.

The purple represents how the smaller subwaves fit into the larger degree of trend. Should wave 3 (purple) mature; higher prices could quickly be tagged.

Legal Disclaimer: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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