Sink or Swim for Goldfinch. You reached my price target of 8.00 and now youre going to my last and final price target of 7.50. EMA continues to be massive resistance on the hourly. If it fails to hold the bottom of the fib extension I can't give any more projections because we will now be in price discovery for a new all time low. However, I still stand firm that this is the bottom. Can't go much lower then this and the only thing that could crash this coin is if the devs decide to have a massive dump of new coins into the circulating supply.. But honestly they are very transparent on the release window of when new coins will enter circulation.
This is a very good buy zone. Lets wait for the apex. If EMA continues to act as resistance then off to 0.00 lol.
This is a very good buy zone. Lets wait for the apex. If EMA continues to act as resistance then off to 0.00 lol.
Comment:
Need to add the coin has been going straight down for 8 days straight.
Comment:
Also one final note if it has a daily close below 7.55 and has that as resistance I will take my losses and re invest in another coin. I will only consider re investing in Goldfinch if it can hold the 1 hourly as support. Until we have a daily close below I will continue to hold my position.
Comment:
We reached my Target Price of 7.50. Unfortunately there doesn't seem to be that much buy demand so we could be putting in new all time lows for this project. For now it's very hard to give new price predictions for a new low primarily because we have now put in a new all time low. This will determine a short term direction for this coin. If it has a daily close below 7.55 I will close my position and wait until it can find support on the EMA ribbon on the hourly.