GUP, another favourite of mine. Really nice to swingtrade on this one. The fibonacci levels are from a bigger frame, but just let's you see where it bounces nicely.
The RSI is staying above 50, this is a green signal. Als MACD stays positive as well.
We may draw two support lines in this case, as it has two pretty important ones:
- the top one is an earlier resistance before the big jump up, now it looks like we have a support on that level
- the bottom one it dropped down when BTC started running and can be found as a second support.
Scenarios:
- breakout on this level and perhaps some new up movements or at least nice swingtrades
- drop to the lower support level and breakout from there
- drop out of both support levels (unlikely), in that case we'll be using a stop loss and/or potentially buying on a lower level again.
I'm buying on this level to start, if it drops down I'll accumulate more Guppy to lower my average buyin.
The RSI is staying above 50, this is a green signal. Als MACD stays positive as well.
We may draw two support lines in this case, as it has two pretty important ones:
- the top one is an earlier resistance before the big jump up, now it looks like we have a support on that level
- the bottom one it dropped down when BTC started running and can be found as a second support.
Scenarios:
- breakout on this level and perhaps some new up movements or at least nice swingtrades
- drop to the lower support level and breakout from there
- drop out of both support levels (unlikely), in that case we'll be using a stop loss and/or potentially buying on a lower level again.
I'm buying on this level to start, if it drops down I'll accumulate more Guppy to lower my average buyin.