Gifto symmetrical triangle broken with huge volume! Buying here!
Gifto is showing great bullish signs.
The price broke a symmetrical triangle (Pink lines) and now also broke a major resistance (Yellow line).
The MA200 served as support throughout the movement that formed the triangle, currently it is pointed up confirming the bullish trend. MA20 just crossed over to the MA50 and both should serve as dynamic support for the candles.
The volume is growing quite consistently.
MACD has broken resistance and is very strong now. RSI held firm above 50 and points up also confirming the expectation of a move up.
Ichimoku is totally bullish, price is above the green cloud that will also serve as support, chikou-span above the current price and Tenkan crossed over to Kijun.
If you like my analysis, please follow me and hit like.
God bless.
The price broke a symmetrical triangle (Pink lines) and now also broke a major resistance (Yellow line).
The MA200 served as support throughout the movement that formed the triangle, currently it is pointed up confirming the bullish trend. MA20 just crossed over to the MA50 and both should serve as dynamic support for the candles.
The volume is growing quite consistently.
MACD has broken resistance and is very strong now. RSI held firm above 50 and points up also confirming the expectation of a move up.
Ichimoku is totally bullish, price is above the green cloud that will also serve as support, chikou-span above the current price and Tenkan crossed over to Kijun.
If you like my analysis, please follow me and hit like.
God bless.
Trade active:
NEW Gifto SIGNAL
#GTO #GTOBTC
Buy-Long: 920- and 864 (To protect our position of a possible retracenent)
Target:
1st: 979
2nd: 1067
3rd: 1143
4th: 1199
SL: 801
#GTO #GTOBTC
Buy-Long: 920- and 864 (To protect our position of a possible retracenent)
Target:
1st: 979
2nd: 1067
3rd: 1143
4th: 1199
SL: 801
