GOLOS has been in a constant since August of 2017. Looking at the EMA’s, it can be seen that the lines have crossed multiple times and now the 200 is much above the 20. Along with this the indicates there will be a continuation in the bears.
The strong above at the 100.0% fib retracement level was the most significant used level supporting the price from falling below and is the current lowest low that caused a slight reverse in the trend.
The indicator states that GOLOS has been extremely oversold and could be seen as an opportunity to buy for some traders and see the price move in the direction.
Important Resistance Levels: 1032, 1456
Important Support levels: 702
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