- I believe the predictions market sector will perform well in 2018. I am also planning to build my holdings of REP.
- GNO has been under development since 2015 and has some major roadmap releases in 2018 (https://gnosis.pm/timeline)
- Strong team and fairly active developer community (https://www.coingecko.com/en/coins/gnosis)
- Price is down 85% since the peak in July 2016.
- Price is on an uptrend in 2018 (blue ). Up 250% (and down about 25% from 2018 high)
- Dotted black lines show local lines. Price could go either way.
- is currently moving sideways on the 50.
- is on an uptrend (rising red )
- Price and have recent lower highs and higher lows so price is likely to decide soon and move up or down!
- Price is below the kumo cloud so will need to test and break through to enable significant upside.
I will be looking to buy if it drops to the lower dotted support OR if price respects the current uptrend and shows increase to confirm bulls are in charge.
"Luck is what happens when preparation meets opportunity" Seneca The Younger.
Not investment advice.
Comments always welcome below.
GNO has dropped through my previously indicated buy zone. We saw a death cross and continued price reduction. There is currently no strong signs on the lower timeframe charts of a correction. Price may fall back to the new lower buy zone indicated in the chart below. The bottom of this zone was previous support/resistance back in December. I will place buys at this level to scoop up what will hopefully be bargains.
Still strong on this coin long term. Should see significant improvement when we come out of alt winter!