Don't make him angry then he explodes!
Although GLCH has had a noticeable drop since the last ATH, the situation remains graphically acceptable to me.
We are still within this bullish flag on the TF newspaper
The fast moving averages went down on November 26 while the slow moving averages are still in a phase of slight expansion.
I believe that as long as we remain in the 1.20-1.30 zone we can only be optimistic, the most important supports remain.
Sales volumes are also running out, a positive sign that could easily give way to a price squeeze and then replicate the old ATH in the coming weeks.
Remember that every strong compression is equal to an equal expansion!
what do you think about it?
We are still within this bullish flag on the TF newspaper
The fast moving averages went down on November 26 while the slow moving averages are still in a phase of slight expansion.
I believe that as long as we remain in the 1.20-1.30 zone we can only be optimistic, the most important supports remain.
Sales volumes are also running out, a positive sign that could easily give way to a price squeeze and then replicate the old ATH in the coming weeks.
Remember that every strong compression is equal to an equal expansion!
what do you think about it?
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.