We perfectly backtested my pre established descending channel as support that I made some time ago and bounced off it (long term resistance flipped as support.)
I also said we would have a pump on the 24th-25th on my last post, so for anyone that listened to my last post I hope you had a good swing trade. We went up about 50% since I posted the alert that we would...
Alright guys I believe we have a more definitive chart as the coin is maturing since its only 2 weeks old.
I've came up with many theories as the coin launched but I believe this to be a much better technical analysis with the fib indicators, the downward channel of resistance (which I actually made some time ago that is still valid and is acting as resistance),...
Chart says everything
Lets wait for BTC! Technical targets are pretty useless if BTC keeps dumping like a madman.
I swear, I leave this coin for 1 day and its down another 50% lol. I re entered in around 4.60
I never thought it was possible to go down in a straight line but Goldfinch always amazes me.
So here ya go, I am officially done updating this coin until it can get above my descending wedge/channel.
Its been fun updating this thing since no one is talking about is but its getting to the point where I cannot really say anything I haven't said.
RSI is getting oversold and the bottom of the channel will act as support with this new dip.
Coin has...
Goldfinch is not respecting fib levels and is still stuck in my descending channel from last post with the 1 Hourly EMA acting as STRONG resistance along with the top of my descending channel/wedge.
I suspected we would see prices of:
8.00
7.50
6.75
All I can say regarding Goldfinch is that if it cannot get above the 1 Hourly EMA Ribbon or my descending channel of...
The 1 Hourly EMA ribbon has been MASSIVE resistance for Goldfinch since it released.
We reached my two Target Prices of 8.00 and 7.50, and even some earlier ones I had of 7.00 (I personally didin't believe it would re-visit 7.00 since it dumped so hard so fast already.)
If it cannot get back above the EMA ribbon I can see Goldfinch getting squeezed between 7.00...
Sink or Swim for Goldfinch. You reached my price target of 8.00 and now youre going to my last and final price target of 7.50. EMA continues to be massive resistance on the hourly. If it fails to hold the bottom of the fib extension I can't give any more projections because we will now be in price discovery for a new all time low. However, I still stand firm that...
I'm gonna make a bold prediction and say this is the bottom. Everyone who was going to sell sold. Holding bottom trendline as support and at the bottom of our fib levels is slightly below. Apex of symmetrical triangle ends soon. Re adjusted some things since this coin is still so new and is maturing. We are in a very healthy spot to buy. TP is around 15.00 but...
GFI chart ain't looking so hot but at least it appears the price didn't want to go below the Jan. 12th low of around $7.55. I assume there are lots of early backers who are cashing out small portions of their coins just in case?? Whatta I know.
Current total Market Cap = $42M.
Max Supply = 114M.
From goldfinch.finance
"Goldfinch is a decentralized credit protocol for crypto loans without collateral. This is the missing piece that finally unlocks crypto lending for most people in the world. ... Goldfinch expands access to capital in emerging markets where crypto can truly empower financial inclusion."
Now for the technicals, this coin is a new...
Stuff is in the chart. I'll keep you updated once a decision is made.
We reached my last TP of 8.00 last post and I can see this going down to 7.50 for a short term bottom. Time will tell.
Trying not to post too much about this, but not that much data is around since the coin is so new. There's much more room to the upside than the downside currently.
We reached my target price of 8.00 from last post and have had a 5% move to the upside. The EMA ribbon has acted as resistance for some time now, with the top of the descending wedge around 8.96 at this time. Bullish div on RSI. Im going to make a bold prediction and say anyone who was going to sell already sold. I can't imagine it going below 7.50. From a risk to...
Basically all details are written in the picture. Goldfinch has been dumping the last 4-5 days in basically a straight line down. Extremely low market cap, low circulating supply.. It wouldn't surprise me if we went sub 8 dollars at this rate in the short term. Coin appears dead on arrival, note the word "appears." I believe theres much real world utility with...
I'd wait for a break out of resistance line. This coin has basically been going down in a straight line, but I don't see it going much lower then the previous low around 7.50. Coin is still VERY VERY new, but I like the idea and potential behind it. Remember, nothing goes down in a straight line forever. I really don't feel like this is a one and done pump and...
We broke the 9.50 support level and are currently holding the 9.00 as both fib and psychological support.
If it breaks 9.00 expect a revisit back to 7 dollars.
Everything on Coinbase is pumping while this continues to dump, so things dont look particularly good in the short term, but overall I'm still bullish on this project.
Currently in a descending triangle (Bearish). I'm bullish just because the low market cap and potential, but lets wait and see. Target breakout on the upside is around 13-13.50, the bearish price is around 6.
NEW COIN. GFI.
It has a circulating supply of 5.1 Million GFI coins and a total supply of 114 Million.
Goldfinch is a DeFi protocol that brings crypto loans to the real world.
GFI is an Ethereum token that governs Goldfinch, a decentralized credit protocol for extending business loans without collateral. The token can be used to vote on the future of the...
