#GoChain TA update:-
#GO is looks good because of Trading above Strong support level.
This is very important support level.
Strong support:- 69-71 Satoshi
Resistance:- 139/248 Satoshi
Entry:- 70-74 Satoshi
Targets:- 139/248 Satoshi
Stop loss:- If any candle close below 69 Satoshi
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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...
-The bearish H&S pattern is confirmed after the breakdown of neckline
-If the downtrend will continue, the next key support is somewhere 80-72 sat
-Buyers are looking at this zone for potential strong bounce reaction
-This will likely give an over 20% relief rally in short term
-I suggest to enable your Alerts if incase the price reached that level
Increase in volumes;
Pressing a strong blue resistance zone;
Narrowing price in a bearish wedge.
Entrance only on the breakdown of the blue zone (local perekhoy). You can try to get on retest.
Stop-loss: red dotted line.
Targets: marked with green zones.
Before to trade my ideas make your own analysis.
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Thanks for your support!
There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully..
Disclaimer: What I wrote is...