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Goldfinch Protocol

Oh Goldfinch...

By BlueJane69
Updated
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 this coin and project, so to see it 2x in the next few months or so to a modest 100 mil market cap is very doable. Until then there is no reason to FOMO in; its best to casually accumulate or wait for a breakout with any type of upwards momentum. I do find it slightly concerning that when the market pumps this coin still dumps. It has what I believe to be the second lowest market cap on Coinbase.. I think we all need to take a step back and let the coin mature a bit since its less then a week old. If it fails to get back above 10 dollars and hold it as support there are always better projects to invest in, but I like the idea behind Goldfinch. If you buy it now I believe theres far more room to the upside then downside currently from a risk to reward standpoint. Good luck!
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It's currently at 8.61 right now; I'm actually impressed with just how much this coin dumps everyday.
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Now at 8.55. I won't constantly update this but with no real demand you might be looking realistically at around 8.00-7.50 for a bottom like I displayed in the chart. The stuffs in the chart so yea.
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At 8.40. Still no demand so my advice is take a wait and see approach. It really feels like it wants to touch the bottom of the wedge so lets see.
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8.12 now
I’d say buying here is a good call, not much lower this thing can go.
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We reached my target price 8.00
Unfortunately there doesn’t seem to be much demand so there may be some more dumping. If 8.00 doesn’t hold its back to the bottom around 7.50
There is more chance to the upside then down and the risk to reward looks very nice at this level.
Trend Analysis
BlueJane69

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