-The bearish H&S pattern is confirmed after the breakdown of neckline
-If the downtrend will continue, the next key support is somewhere 80-72 sat
-Buyers are looking at this zone for potential strong bounce reaction
-This will likely give an over 20% relief rally in short term
-I suggest to enable your Alerts if incase the price reached that level
Today's analysis – GO/BTC – Establishing an S/R flip retest following a bullish break of structural resistance.
Points to consider:
- S/R flip Re-test (trend continuation)
- Increasing volume
- 21 EMA (visual guide)
- Oscillators above 50
GOBTC retracing and consolidating above structural support; a successful retest of this level will establish a higher...
GOBTC has broken large downtrend resistance line and the beginning of an upward trend is expected.
GOBTC is currently trading at 130 sat and is sitting on a strong support level.
20, 50, 100 EMAs also act as dynamic supports too.
Entry: Green zone
T1: 198 sat (52%)
T2: 284 sat (120%)
T3: 473 sat (264%)
Stop loss: Personally i dont use stop loss for this one...
Hello guys ........
I do not take responsibility for any of your trades. Just share your expectation ..........
-My prevention is going up. God willing, my analysis will fail if the current support is broken by closing a candle below 139sa. The rest of the things are explained in The chart