Can Goldfinch FINALLY get above that pesky EMA ribbon???
Updated
The 1 Hourly EMA ribbon has been MASSIVE resistance for Goldfinch since it released.
We reached my two Target Prices of 8.00 and 7.50, and even some earlier ones I had of 7.00 (I personally didin't believe it would re-visit 7.00 since it dumped so hard so fast already.)
If it cannot get back above the EMA ribbon I can see Goldfinch getting squeezed between 7.00 and a descending EMA ribbon. If that breaks down we can see new all time lows.
I closed my position when it made a daily close below 7.55, and I re invested around 7.15. My stoploss is around 6.94 which would mean we are still in a downtrend with a new all time low.
Goldfinch has some major resistance to break, and alot to prove now.
Currently has the LOWEST market cap on Coinsbase, is basically unknown, and strong fundamentals... Thats the only reason I am still looking at this project.
We reached my two Target Prices of 8.00 and 7.50, and even some earlier ones I had of 7.00 (I personally didin't believe it would re-visit 7.00 since it dumped so hard so fast already.)
If it cannot get back above the EMA ribbon I can see Goldfinch getting squeezed between 7.00 and a descending EMA ribbon. If that breaks down we can see new all time lows.
I closed my position when it made a daily close below 7.55, and I re invested around 7.15. My stoploss is around 6.94 which would mean we are still in a downtrend with a new all time low.
Goldfinch has some major resistance to break, and alot to prove now.
Currently has the LOWEST market cap on Coinsbase, is basically unknown, and strong fundamentals... Thats the only reason I am still looking at this project.
Comment
Appears to be in a small ascending triangle with a TP around 7.60
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