💎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...
POSITIONING TRADING STRATEGY
From volume profile we can see that GO/BTC has been accumulating since July 2019.
The resistence is going lower and creating a pennant pattern.
MA 100 and MA 200 meet.
if the pair can break the support and MA 100 and 200 be the support, the pair is getting ready to reach the target
The support is in the red line below the...
GO has broken out of the Falling wedge pattern, but the way to form this pattern is unsustainable, leading to a strong increase of GO will be very difficult.
GO will go slowly and will reach 140sts in August, 180sts in September and even 220sts in October.
Private idea :