💎Technical Analysis Summary💎
-GoChain is retesting major support area at 77-70 sat
-If we look at history, this zone has been tested twice
-And we saw a strong upside movement for a few weeks
-Will history repeats itself? I'm not sure
-If you are taking a risk, please use proper stop loss location
-And exercise proper trading size...
-GoChain is rejected again by the strong trendline resistance
-It will likely to retest the major support area at 97 sat
-This level must hold in the short term to provide us a better market view
-And, GoChain must breakout Bullish above the trendline resistance
-With good volume in the next 2-4 weeks if things become stable
-For now, this is a...
GO/BTC is in a BIG BULLISH TRIANGLE! Over 90% Gains!
Patience is Key!
Enter aggressive now at bottom of triangle, or enter breakout, or enter retest..
Lots of support for every risk tolerance..
Trade safe my friends...
-GoChain is back at the previous key support area
-This zone has been tested twice in the past
-We can see multiple Bullish rejections in this zone
-and If history will repeat its self
-There is a chance the price will reverse back up to 150-200 sat
-But keep an eye of the descending trendline resistance
-This will be a major level needs to break in the midterm
BNB has been holding up not to badly in these tough times. The key was to wait for a trend reversal to buy back in.
Now we are seeing a possible channel having formed indicating an upwards trend! The RSI is pointing straight up and the MACD is looking for separation and is on an upwards trend - above the 0 level where we will start to see some movement.