So here we have Great Teacher Onizuka coin (Gifto).
Forming a descending triangle after a recent big move up to test 0.00000216.
Our previous resistance turned support at 0.00000193 has held strong but will need to move up soon as this wedge contracts or we will likely break below support.
Looking for entry on a successful break above the triangle to 0.00000198~200 levels.
On the higher daily time frames we have broken out of a daily downtrend from March earlier this week, so potential for a big move up if we can get some momentum going.
Forming a descending triangle after a recent big move up to test 0.00000216.
Our previous resistance turned support at 0.00000193 has held strong but will need to move up soon as this wedge contracts or we will likely break below support.
Looking for entry on a successful break above the triangle to 0.00000198~200 levels.
On the higher daily time frames we have broken out of a daily downtrend from March earlier this week, so potential for a big move up if we can get some momentum going.
Comment:
Small move up out of the triangle, taking an entry at 0.00000198, stops below 0.00000193.