GO is moving in a Symmetrical Triangle to consolidate the 40sts. The volume of GO is also increasing, which shows that buying force is returning to GO and it could increase in price in the coming days.
📈BUY
-Buy: 38-42sts
-Buy: 29-32sts.SL if B
📉SELL
-Sell: 53-57sts if B.SL if A
-Sell: 80-84sts if B.SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this...
The selling pressure has decreased a lot and now GO is ready to turn up again.
📈BUY- LONG Strategy
- Buy in the area 40-45sts
📉SELL-SHORT Strategy
- Sell in 2 zones 65-70sts and 80-85sts because I do not trust the old coins, they might be delisted anytime
♻️BACK-UP Plan
- GO gets too bad if it loses the 40sts and we'll sell it
💎Technical Analysis Summary💎
BINANCE: GOBTC
-GoChain starting to break its Key Swing Low support at the 70s sat
-This is quite Bearish if the 3D candle closes below
-As a reminder, it is not a good time holding on to your position
-Because the market structure is about to be invalidated
-And new price discovery will occur below 70 sats
-So please, follow your...
BINANCE:GOBTC
Hello everyone.
As we can see :
- Bullish crossover on Stochastic RSI
- Bearish MACD but narrow ( also had a failed bullish crossover )
- Flat bottom triangle
- Heavy support line
- Multiple convergence
- EMAs 20/50/100 are resistance now
- Rejected from EMA 100
- Helical indicator is being narrow and bearish
If we make a pullback from here...
💎Technical Analysis Summary💎
BINANCE: GOBTC
-GoChain is retesting major support area at 77-70 sat
-If we look at history, this zone has been tested twice
-And we saw a strong upside movement for a few weeks
-Will history repeats itself? I'm not sure
-If you are taking a risk, please use proper stop loss location
-And exercise proper trading size...
