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GBYTEBTC starting a new uptrend

Long
BITTREX:GBYTEBTC   Bytes / Bitcoin
GBYTEBTC has been in the dumps for a long time. However, the chart points to a likely bottom. After staying below the horizontal resistance for a long time, price has broken out and sustained above it.

The 20-day EMA and the 50-day SMA are also on the verge of a bullish crossover. If the sentiment in the crypto universe remains neutral to bullish , we should see a rally higher.

We will not give a particular target level on it, we shall prefer to trail the stops higher or sell when the uptrend stalls because if we are correct in catching a new uptrend, it should continue for sometime.

We shall sell it, if it turns down and remains below the horizontal support for about three days.

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