Big boy maintaining price at RM0.395
Price broke out RM0.40 three times but unable to sustain, indicating that selling force is strong above RM0.40
Probably big boy is testing selling force above RM0.40 as well, which is good sign indicating that big rally is just around the corner.
Flag formation, with contracting price pattern.
Proper set up done.
Sign of Strenght
1. Massive accumulation.
2. Stochastic Divergence.
3. Momentum buy when price close outside BB.
4. Break resistance.
5. MidBB above EMA50.
6. Bullish divergence
Now is good time to entry at RBS + MidBB + Stoch oversold = area 0.375.
Priceline of world's 151th largest cryptocurrency out of more than 2300 crypto tokens GoChain (GO) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of GO price action's moves: