Its $GO time again babe!GO have seen a very nice correction, been going sideways for quite a few days while other coins got some attention!
But i think the time for GO is very soon! We find ourselves in a flat corrective wave which just completed!
I expect us to start making moves to the upside soon! 3hr 4hr and 6hr very oversold with a lot of strength still in the market!
Trade safe out there guys and ALWAYS do your OWN TA + research!
Gochain
GOBTC - SHORTBITTREX:GOBTC is situating into an Ascending Channel (Bearish Pattern) where they can touch once again the support of this channel which is 38.2 fib at 962 sats
Second target 840 sats which is fib 0.5 and the last is 0.618 fib which is 778 sats
RSI is overbought because is above 70
Stoch also in overbought zone this will come down
You can put your buy orders at 778 satoshi which is 0.618.
GO/BTC ready for the next rideGO/BTC is supported now by with a trendline in an uptrend and is forming a rising wedge with the horizontal line at aprox. 1086 sats.
It looks like it will break out. If 1086 sats will be broken, we'll go up to 1150 sats and later to our previous ATH.
STOCH/RSI shows an upward movement.
This is 15 min-chart = very short term, so the duration.
GOBTC READY FOR NEXT TARGETSGOBTC is looking very bullish.
First target 20% from here.
Expecting to hit 0.000012 next 2-7 days.
Possibly one more wave for GOI wanted to post this one earlier which could have helped better probably, but I was too busy trading this myself.
There was an interesting rally going on with Ravencoin (RVN), which gained (and still has) unbelievable volume and dito... FOMO.
A few coins were trying to catch up, but only GO had the right set-up.. not too nice, but doable for a 'cup and handle'.
I only consider the binance chart, because I know there's a longer history, probably on Bittrex.
The introduction of new coins have great potential, mostly after a short sell-off to test new investors, like Gochain.
That's why binance is big influence even if it's not a new coin.
Only on this chart we can see a possibility for a regressional wave 4 commencing.
I also mentioned RVN, because it was rallying to achieve the 1000 satoshi, while right after GO just surpassed the 1000 sats.
As this is always a psychological barrier, it did go down from there.
We are now waiting and watching how far it could drop. If we stay above the high of wave 1 (837 sats) there should be a 5th wave
ending around the 1180 sats.
All depends of interest and FOMO.. and bitcoin of-course.
Only in August & September we rallied at an identical height of around 1000 sats as well.
So this is clearly a resistance to overcome.
On a smaller scale (maybe 5-15 mins) we are ending a descending wedge with a support at the 900 sats or 50 % retracement.
If we go below that, retracement will be definitely larger.
Another thing: if volume keeps going up, there will be chance for a continuation... the whole way up was achieved with less than 1K volume.
We are now nearing the 2K, so all attention goes to GO.
Initiative volume radar. First trading idea.We received a signal from the radar and entered into the deal.
gochain (GO) binance"recently announced that it has extended its features to the Microsoft Azure platform. The move is meant to facilitate businesses that want to deploy their own blockchain networks within this ecosystem. The GoChain network is designed to accommodate creation of personal blockchain platforms in the easiest way possible.
Small enterprises can leverage GoChain for DApps building & smart contract creation. The competitive edge for using GoChain in such tech developments is its network’s security & reliable nature. At the moment, GoChain boasts of being amongst a few decentralized projects that have secured a private listing within Azure’s market."
source: bitcoinexchangeguide.com
GOchain TO 800 SATS
**GO/BTC**
**ENTER** 530-540
**STOP** UNDER 478
**TARGETS** 575-640-820
- 100 MA resistance broken
- MACD bullish
- trendline broken
**as always this isn't financial advice , always do your own research before investing **
Gochain/USD Soon to explodeThe last BTC fall seems to correlate well with a C in the ABC correction Gochain have had after rising from 350 to 1100 sats in the span of 2 weeks. With several new listings and a Binance listing coming up soon, we may see 4000 sats before a new correction of the 5 wave structure.
