Break over the daily 20ema with parabolics supporting price and its off to the races. 80c first target at the 4hr ema100. Then 85-90c at the daily 50ema.
With the market we're in, there is a lot of risk on the table. Don't fomo into things. Wait for clean breaks.
Your insurance in this market is being late.
As we can see, GLCH has closed over the 20ema a few times with plenty of retests. A bit of a choppy market so definitely have caution, BTC could nuke and wreck the alts very easily.
I have some wild upside targets for GLCH, but lets stick to the short term.
200EMA & POC is at about .6772 on the daily. This seems like a likely place where GLCH will find some...
We can see that the weekly chart is showing some exhaustion on the sell pressure. The daily has a bit of a heartbeat today breaking over the 20ema/ma.
Looking to see the weekly SARs flip underneath to support price, and a break over the T Line (EMA8) on the weekly to confirm a trend change.
If there is a solid break, targets (based on current price but will...