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GAS

NeoGas | Is It A Bear Or A Bull? 50/50Let's take a look at the NeoGas (GASBTC) chart. Here we have strong bullish action happening now but things can easily change... Let's take a closer look. GASBTC is now in an uptrend and completing a strong retrace. After the peak on 16-Feb., prices dropped below EMA300 until they hit 0.0001681 or EMA50. As soon as EMA50 was hit, a strong bounce started to take place. (EMA50 also coincides with the 0.618 Fib. retracement support for the last bullish wave, adding additional value/strength to this price level). MA200 has already been conquered (bullish)... On this setup, prices can easily continue growing and multiple signals are now pointing to just that, additional growth. EMA300 at 0.0001940 is our main indicator right now... Above this level, GASBTC can easily continue growing. Below this level it can continue to retrace. The orange trendline can also be used/counted for support. This is not financial advice. Remember to always have a trading plan/strategy if you decide to trade. Remember to hit like if you would like to send us some LOVE! Namaste.
by MasterAnanda
1
Conservative Line and Big Risk/ Return Line Hit, Whats Next?Surpassing conservative and taking bigger profits as indicated in the graph, that leads us to a reassessment of the next big move to come. First of all congratulations to those who took some short term gains from the previous analysis I provided. Lets agree that sometimes we make calculated risk and some luck is involve. Learning to trade on a fine balance between graphical and sentiment values are key to becoming a somewhat successful trader. Analysis Natural Gas: Price started off lower in the reopening of the market, due to some warmer weather spikes up in the North eastern region of the USA lowered demand in Natural gases, no new declaration of bankruptcies in the supply sector. Graphical Sentiment: Downtrend in Short Term trades (4-6hrs) is still a strong Put, likely to hit the 1.850 Region before a slight rally to hit this evening towards the 1.930 mark. Geopolitical Sentiment: Trump is yet to make his appearance in India, that could overhaul the prices of Natural Gas in a big price shift (upwards), likely to take place over the next 2 to 3 days. For Swing Traders: 3-5days Position Long holding could see some serious movement in prices: Recommended trade position: Hold a Long position for big price hike likely to mature by end of the week. Target 1.990 (Conservative) 2.050 (Big Risk Big Return Line) For day traders: Target 1.850 ( Conservative Line) 1.790 (Big risk Big Return Line) SELL POSITION/ SHORT by 9pm EASTERN TIME.
NLong
by gabcheok
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
8
Don't miss the great buy opportunity in NGASTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.90). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . NATURAL GAS is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 51. . While the RSI resistance #1 at 43 is broken, so the probability of the beginning of an uptrend is increased. Take Profits: TP1= @ 2.09 TP2= @ 2.21 TP3= @ 2.49 SL= Break below S2
NLong
by ForecastCity
12
Volume Indicator, Gas Starts To Fly (100%+ Mapped)GASBTC is starting to fly and we have really good volume coming in... Let's take a quick look at the volume indicator. We usually mention volume as a very important signal/indicator when it comes to TA. Any move that happens we always look for volume for confirmation. Good volume is good for the bulls we always read/say. Recently the market cycle changed from bearish to bullish, and we are seeing strong bullish action on low volume in some/many cases... This isn't a bearish signal anymore since we are in a bullish cycle, it is more of a "continuation" signal. So if you see a bottomed out altcoin producing a low volume break above EMA10 and EMA50, instead of seeing this as a bearish signal telling you that prices can quickly reverse because there is no volume support, instead we see it as just the beginning since prices are moving higher and the trading volume is yet to come. When we looked at GASBTC, we can find a good example of what I just wrote. There was no big volume when breaking above EMA10 or EMA50 (just the beginning), but prices kept on moving higher and there is big volume now to challenge EMA200 and for GAS to continue going up. Yes! We continue to look at trading volume for confirmation, but this can be better used now when it is time for a drop. If prices drop on low volume, you can take it as a signal of a retrace that won't go for long. But if prices drop on big/above-average bear/red volume, then you can take it as confirmation that prices will likely continue to drop. That's the volume indicator based on my experience after years of looking at these charts. Namaste.
Education
by MasterAnanda
7