#Accumulation_Recomendation
Pair : #GXS / #BTC
RSI : 44
Note : Even though it is a risky market positioning time in the ALTs market #GXS is one of the coins that is showing a good trending move for a possible breakout. After our 185% profits earning within a week in the start of May #GXS have been in a downtrend move forming a falling wedge triangle like almost all alternate coins in the crypto market. For now it is showing a little bit good move in both the shorter term and longer term trading options. In the 1D time frame it formed a good bullish candle stick showing a reversal move and in the 4H chart it is also showing a good upward reversal move for now. Indicators are also looking on the side of the bulls for now. RSI looking good with a reverse formation and at a neutral position for now. Volume needs some more energy to make a change in the trade but looking good too in comparison. EMA going below the current candle which might be taken as a good bull run if it continues like it is performing right now. MACD cross each other and in reverse on favor of the bulls. This trade is very risky as stated above for the reason that we are not still in confirmation for an entry for the ALTs market because of Bitcoin's dominance but with a good capital accumulation strategy and stop loss risk management we are expecting a very good return.
Accumulation Area : 1750 sats - 1850 sats
Distribution Area
Short Term:
Target 1 : 2000 sats
Target 2 : 2200 sats
Target 3 : 2350 sats
Target 4 : 2559 sats
Target 5 : 2729 sats
Mid Term Target
Target 6 : 2840 sats
Target 7 : 3138 sats
Target 8 : 3550 sats
Target 9 : 3835 sats
Target 10 : 4075 sats
Stop Loss : 1600 sats
Risk : High
Capital Accumulation : 3%
@cryptotalk_et
Pair : #GXS / #BTC
RSI : 44
Note : Even though it is a risky market positioning time in the ALTs market #GXS is one of the coins that is showing a good trending move for a possible breakout. After our 185% profits earning within a week in the start of May #GXS have been in a downtrend move forming a falling wedge triangle like almost all alternate coins in the crypto market. For now it is showing a little bit good move in both the shorter term and longer term trading options. In the 1D time frame it formed a good bullish candle stick showing a reversal move and in the 4H chart it is also showing a good upward reversal move for now. Indicators are also looking on the side of the bulls for now. RSI looking good with a reverse formation and at a neutral position for now. Volume needs some more energy to make a change in the trade but looking good too in comparison. EMA going below the current candle which might be taken as a good bull run if it continues like it is performing right now. MACD cross each other and in reverse on favor of the bulls. This trade is very risky as stated above for the reason that we are not still in confirmation for an entry for the ALTs market because of Bitcoin's dominance but with a good capital accumulation strategy and stop loss risk management we are expecting a very good return.
Accumulation Area : 1750 sats - 1850 sats
Distribution Area
Short Term:
Target 1 : 2000 sats
Target 2 : 2200 sats
Target 3 : 2350 sats
Target 4 : 2559 sats
Target 5 : 2729 sats
Mid Term Target
Target 6 : 2840 sats
Target 7 : 3138 sats
Target 8 : 3550 sats
Target 9 : 3835 sats
Target 10 : 4075 sats
Stop Loss : 1600 sats
Risk : High
Capital Accumulation : 3%
@cryptotalk_et
