Chart looks prime for a bounce, and R:R of 5:1 certainly favors a long position here. If proposed range is contested and it stays over the 100 days MA, it will likely mark the beginning of a an uptrend which will continue for a couple of months.
GBYTE rebranded to OBYTE is fundamentally a really unique coin. Its yet to be discovered but it's gaining some ground as its being added to other exchanges and built upon. There's an opportunity for OBYTE to make a nice move up in the near future but keep in mind this is a lower volume, low supply coin that is directly linked to BTC's performance and volume.
From a technical perspective, if this is the bottom, we should be seeing some significant price action in the near future.
At a glance, the breakout is confirmed, but does require additional money flow to generate more interest and FOMO effect as this thing will shoot RAPIDLY.
With only 1 million supply, i bet the liquidity is weak here. So the upside swing can...
This feels like a bottom to me.
The price action at 5, indicated a huge demand.
I have no idea what this coin does , but price action at 3, had some good returns.
And ABC pattern is just beginning.
Good luck everyone ;)
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and...
I think Gbyte bottom has been reached. Higher lows on RSI for the past month and currently at 50, it has to stay above 50. MA Crossover imminent. RSI divergence triggered the reverse. current supply is very low, although there's an airdrop coming. Goodluck! Not a financial advise.
Friends and Traders,
I am buying bytes while its close at the trend. the momentum is high and there is a chance well break through the red resistance.
Will watch to make sure it does not break trend.
This is not financial advice. Buy and sell at your own risk