GEO - Descending Triange, Decision soon
Geo making another move in my opinion in the next few days. With bitcoin stabilising people will explore cheap altcoins again, Geo has unlimited potential with their use case. Lots of geoinformation based dApps can be created easily on this app --> Example PokemonGO on Blockchain!
Now lets take a closer look to the Chart. We see a descending chart pattern which is in my opinion a continuational pattern. We have 2 resistance levels, Geo will be around strong support line a bit and then take a direction. If downtrend line of triangle breaks, we have 2 options, if no volumes comes in it will test the first resistance, if we have increasing volume we will see the last high high be tested.
RSI confirms since you see it went low before the last spikes which will be the fact now again. In between it never went down like now.
Now is the best time to buy. Low risk, high reward.
UPdate tomorrow.
Now lets take a closer look to the Chart. We see a descending chart pattern which is in my opinion a continuational pattern. We have 2 resistance levels, Geo will be around strong support line a bit and then take a direction. If downtrend line of triangle breaks, we have 2 options, if no volumes comes in it will test the first resistance, if we have increasing volume we will see the last high high be tested.
RSI confirms since you see it went low before the last spikes which will be the fact now again. In between it never went down like now.
Now is the best time to buy. Low risk, high reward.
UPdate tomorrow.
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