Gnosis is having positive accumulation for mid-tern bullish run, as of now long-term is still in bearish area which keeps the risk higher so you need to be cautious but positive formation on mid-term may reduce the risk and continue bullish formation. Current long-term pivot for the resistance is around $150ish area, the top of this channel has to be broken and hold as a support for the uptrend continuation in the future.
Note
P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
Moreover, I've been doing technical analysis for quite some time, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always follow your strategy and make your own choices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
