Golden Cross Soon? Downtrend of 1.5 years coming to an end?
The previous positive MA-200 cross was on December 25, 2017, with the price rising from 14.4 cents to peak 53 cents in 2-3 weeks.
Now, however, we are not in the 14 dollarcents region. However, an increase to start with (370%) is possible. This will bring us back up to 8 cents. How long will it take? I count on 8 to 9 months with some good and bad weeks. We can not speak of the hype we saw with Gulden, such as the end of Dec. 2017 and jan. 2018. Which is a pity, because the Gulden Blockchain is now better and safer-than-ever. The first resistances are around 2.6 cents and 3.4 cents. See the blue lines. Big news for Gulden is on its way and can cause a sudden demand, which means that price targets can be reached faster than expected.
This crossing that I expect on May 20 or May 27, 'Golden Cross'. Here the 50-day moving average will cross the 200-day moving average. This is almost always a sign of the change from downtrend to uptrend. A down trend is not infinite, and I think it has lasted long enough at Gulden. With this 'Golden Cross' I expect a few new / old speculators who are going to buy a lot of Guldens. Most (crypto) traders often have tools that give them a warning when something similar occurs with a share/crypto. They then take a closer look at the share / crypto currency, and see whether the long-term down trend is approaching its end.
I really hope that we will experience a slow climb in the coming period, instead of a period of pump and dump. I am not waiting for that at all. I do hope that in the coming period Gulden will receive more attention that it deserves, and that people will be attracted with a long-term vision and more will be built on one of the safest blockchains in Europe.
Now, however, we are not in the 14 dollarcents region. However, an increase to start with (370%) is possible. This will bring us back up to 8 cents. How long will it take? I count on 8 to 9 months with some good and bad weeks. We can not speak of the hype we saw with Gulden, such as the end of Dec. 2017 and jan. 2018. Which is a pity, because the Gulden Blockchain is now better and safer-than-ever. The first resistances are around 2.6 cents and 3.4 cents. See the blue lines. Big news for Gulden is on its way and can cause a sudden demand, which means that price targets can be reached faster than expected.
This crossing that I expect on May 20 or May 27, 'Golden Cross'. Here the 50-day moving average will cross the 200-day moving average. This is almost always a sign of the change from downtrend to uptrend. A down trend is not infinite, and I think it has lasted long enough at Gulden. With this 'Golden Cross' I expect a few new / old speculators who are going to buy a lot of Guldens. Most (crypto) traders often have tools that give them a warning when something similar occurs with a share/crypto. They then take a closer look at the share / crypto currency, and see whether the long-term down trend is approaching its end.
I really hope that we will experience a slow climb in the coming period, instead of a period of pump and dump. I am not waiting for that at all. I do hope that in the coming period Gulden will receive more attention that it deserves, and that people will be attracted with a long-term vision and more will be built on one of the safest blockchains in Europe.