One of you wanted to get an overview of GoChain so I got on with it.
He looks interesting, he is currently holding a strong support where the volume is high! In the near future we should see some great movement.
HAVE A NICE DAY !
GO has been on a strong retrace since topping at at over 290+ sats! GO is now falling strongly, but there is a golden opportunity to enter as we close in on the yellow entry zone. RSI and Stoch have near oversold and volume has bottomed out. I expect one final daily wick down into this zone, in which I recommend stagger buy in bids from 136 to 156...
- Price seems to be trading deep within a falling wedge (bullish pattern).
- Trading just above horizontal support area and exactly on the 100 daily EMA support
- 100 daily EMA was the bottom during the previous large correction down to 145.
- We've had 2 quick wicks through the ichimoku cloud, but are trading within the cloud, which should act as support.
BINANCE:GOBTC is in this massive ascending channel. Within it we have this triangle-ish structure with a bunch of pokes into resistance. The more times a resistance/support is tested the weaker it becomes. Expecting this to break out soon. First target is around the channel median line. The fib pull shows we came to the golden zone (between the 618 and 65) making...