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In case of support within the dynamic trend line, it is a good option for a short period of time
TIME : 1 days
SIDE : BUY
BUY ZONE : 0.295~0.305
TAKE PROFIT : 0.38
STOP LOSS: 0.28
R/R = 3.5
SHORT SIGNAL
#Spot
#GLCH
As we can see, GLCH has closed over the 20ema a few times with plenty of retests. A bit of a choppy market so definitely have caution, BTC could nuke and wreck the alts very easily.
I have some wild upside targets for GLCH, but lets stick to the short term.
200EMA & POC is at about .6772 on the daily. This seems like a likely place where GLCH will find some...
Herby my updated analysis for the $GLCH price.
I think there is a decent change that we are forming a bottom right now, since we hold support on the first. trend line.
If somehow this trend line breaks, then a move to the lower trend line is very likely.
The trendines are getting steeper which indicates we're entering the parabola phase!
Targets for the...
I expect a last tab into the green support band before we really take off. This would be a test of $0.73 (previous resistance). Continued with a love towards $1.24 and $1.75.
The $1.24 level will not be that huge resistance since it's not in the red resistance curve.
GLCH is forming a double bottom on the GLCHETH chart. The measured target is 0.00096ETH ($3.2 current ETH evaluation)
Target 2: 0.0012ETH (+-$4)
Target 3: 0.0017ETH (+-$5.7)
These $ targets are relative, calculated with an ETH price of $3350. If the ETH price rices as well these $ target will be much higher...
In this chart I show my expectations for $GLCH based on fib level and oversold/ overbought zones.
Red curve = overbought, we see a retranchement every time we get into this zone.
Green curve = accumulation, we get a pump every time we reach this zone.
First target around $1.25.
Target 2: $1.75
Target 3: $2.25
This chart will be updated once we go further in the cycle.
