GNT has seemingly reached its bottom against ETH at the beginning of February around 0.00036-0.00037 levels (peak to 0.00035) and then started to rise. At this point I was placing long-term position trades at 0.0004/0.00046/0.000485 in the amount of 5 ETH proportionally. It turns out I was early as since then more bullish confirmation signals have developed after a retrace that rather supports entry now. I have not stopped out though.
These are now the RSI Bull Divergence on the daily chart and the double-bottom pattern. The appearance of the bullish candle (with noting that close of the candle is still 12 hours away) is a positive signal. Some more volume would add to the argument as well that we might be seeing a start of a trend reversal.
I will define my targets later. Please note - these are my personal views! Please trade carefully!
These are now the RSI Bull Divergence on the daily chart and the double-bottom pattern. The appearance of the bullish candle (with noting that close of the candle is still 12 hours away) is a positive signal. Some more volume would add to the argument as well that we might be seeing a start of a trend reversal.
I will define my targets later. Please note - these are my personal views! Please trade carefully!
Trade active
Comment:
This is still ongoing - it has been long since I have visited this post. On related idea below.
Comment:
Trade can be closed now.