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.
Just like the retrace of the previous uptrend, GO seems to be forming a falling wedge with declining volume.
GO could drop another 10% (to 203 area where the .618 fibonnaci is) in the next 5 days to make the last macro higher before trending backup, which is started with an explosive move back to 275.
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:
GO/BTC strong uptrend!
Time frame : 3D
Cup & Handle Confirmed:
Buy : 240-290
Target : 396
Let the profit until April's Target! - (Based on the price action from the past)
Until next time, happy trading!
After an explosive move up Go has seen about a 20% retrace from the local top of 285 satoshi. Since the start of the move, GO has been respecting an upsloping diagonal trendline. GO now seems to be coiling up in a squeeze, getting ready for it's next move.
GO is currently sitting quite literally on a cloud of support with the upsloping trendline, horizontal...
GoChain (GOBTC) hit a new milestone today confirming strength for this altcoin pair and the market as well.
This milestone is a new higher high compared to the peak on the 11-Dec.
Volume is also the highest since September 2019 after the low was hit, another milestone.
This one can easily continue growing.
Symmetrical triangle rules
1. Tends to breakout in the direction of the trend (up).
2. Triangles perform best post breakout when they appear at the start of trends. (uptrend started October 26).
3. Bullish breakout tends to occur before 73% of the triangle is completed (January 13).
Besides this we can see the oscillators such as the MACD picking up steem on...
Entry : 0.00000166 - 0.00000146 - 0.00000131
Target 1 : 0.00000178
Target 2 : 0.00000216
Target 3 : 0.00000235
Target 4 : 0.00000324
Target 5 : 0.00000465
Stop loss : 0.00000120
Risk/Reward : 20%/215%
Do not hurry to buy, the price may go down to good places
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I published a chart last month for GoChain (GOBTC), I remember having fun doing it.
This chart produced some nice results and I received more messages than usual asking for an update.
First, here is the previous chart, this one produced over 115% of gains:
Now, you know I...
BINANCE:GOBTC has a bullish pennant in the making. pennant are usually continuation pattern
The trade opportunity is to go long . A safe trade is to wait for a breakout on the top resistance at 230sats and potential profit target at 290sats
Priceline of GoChain / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000191 to 0.00000177
Sell between: 0.00000201 to...
Exchange : Binance
Buy Zone: 0.0000013 ~ 0.00000125
Target Point: 0.00000138/ 0.00000145/ 0.00000158/ 0.00000169/ 0.00000182/ 0.0000019
Term: Middle - Short
You should be careful in buying GOBTC because of Bitcoin
If you are Risktaker, you`ll like it
It`s moving at two types of Symmertical...