💎Technical Analysis Summary💎
BINANCE: GVTBTC
-Genesis Vision is barely touching major support area
-This zone has been tested as support since Sep 2019 & Mar 2020
-If history repeats itself, we might see an upside correction
-But I will not take a risk to open a Buy order
-Waiting for proper reversal confirmation is a must
-Reducing the risk involve and...
Technical analysis:
. Genesis Vision/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of...
Technical analysis:
. GenesisVision/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.030500 to 0.025270). if so, traders can set orders based...
Technical analysis:
. GENESISVISION/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.028950 to 0.025270). if so, traders can set orders based...
Technical analysis:
. GENESISVISION/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.035800 to 0.028950). if so, traders can set orders based...
