Goldfinch in a Pinch
Updated
We reached my target price of 8.00 from last post and have had a 5% move to the upside. The EMA ribbon has acted as resistance for some time now, with the top of the descending wedge around 8.96 at this time. Bullish div on RSI. Im going to make a bold prediction and say anyone who was going to sell already sold. I can't imagine it going below 7.50. From a risk to reward point of view this is a good buy opportunity. I'm very impressed with the consistent dumping of this coin, even for new listing standards on Coinbase. Currently has the lowest market cap on Coinbase, it doesn't really get much lower than this. It's been going down in a straight line for the last 5 days. Anyone who bought this is at a loss lol. At this point if it cant get back above 9 and hold it as support I'd say go invest in something that will actually make you money until Goldfinch is done accumulating. Be patient, but don't HODL coins that underperform the market. Goldfinch has a realistic potential to 5x in the future, and I'm not one of those Moonboys that says this about any coin.
Currently at the time of me writing this it is at 8.05 which means there is no real demand for the coin so I can see it easily go to 7.50 at the all time low
Resistance levels are basically the EMA ribbon, top of the wedge, 10.25, 11, and 11.75. Basically this coin has a lot to prove.
Currently at the time of me writing this it is at 8.05 which means there is no real demand for the coin so I can see it easily go to 7.50 at the all time low
Resistance levels are basically the EMA ribbon, top of the wedge, 10.25, 11, and 11.75. Basically this coin has a lot to prove.
Comment
Well we broke 8.00 as support so lets see just how low Goldfinch can go!Comment
Need to add that theres another descending wedge that will come to an apex at the end of today. TP for that is around 11 but thats highly unlikely. Just thought I'd share that.Comment
Goldfinch it at 7.90 struggling to get back above the wedge and 8.00. If the bottom of the wedge flips as resistance we can get very bearish very quickly. It looks like it wants to go to my next target price at 7.50 so lets see.Comment
Currently 7.80. Again, I am very impressed how much this coin continues to dip everyday, even with such a low market cap.
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