GO inverted head and shoulder#GO/BTC
GO broke out from descending resistance (pink) and confirmed it as support. but to be more exact I drew another descending resistance (green) and I found an inverted head and shoulders pattern.
🐮 break out from neckline that is the green resistance will increase price to resistance zone between 145 and 170sats.
break down from current support will drop price to 20sats.
Gochainbtc
GoChain (GO) formed bullish Gartley for upto 60% moveHi dear friends, hope you are well, and welcome to the new trade setup of GoChain (GO) with BTC pair.
On a daily time frame GO has formed a bullish Gartley pattern.
$GO #GOCHAIN #GO #GOBTC DOUBLE DEEP ROCKET & ELON MUSK PATTERN$GO #GOCHAIN #GO #GOBTC DOUBLE DEEP ROCKET & ELON MUSK PATTERN
$GO #GOBTC #GOCHAIN TREND WILL MOVE UP AND PRICE IS ON DEFENDINGTREND WILL MOVE UP AND PRICE IS ON DEFENDING
GO/BTC I found A amazing trade of " GOCHAIN/BTC " AT weekly timeframe. Accurate Double Bottom Found. All TP have been mentioned.
#GO/BTC (June 20)GO has just broken out and its target should be 200 - 250 in this June or 300sts in July and August
We should keep holding it for bigger profit!
It will need to be checked again if drops below 140sts
$GO, Following this potential falling wedge break out$GO
Following this potential falling wedge break out as it tries to flip resistance into support around ~87 sats level...
Volume increasing w/ UCTS Buy signals across 1D & lower TFs...
Looking for an entry at support & looking for volume as continuation
#GO
Go play the fib levelsLooking at the fib levels of this chart, the upside potential is huge. I would look at the golden pocket around the 0.618 for a medium play around 557 sats. If GO can turn the 0.236 (372 sats) into a new level of support after an approx. 5x move, the golden pocket is on the table. This chart has never had a true bull run so it will be an interesting play immediately after halving. It's make or break time for GoChain. This downward resistance line should resolve soon. Let's see if all of the good news lined up along with the projects previously announced can send this into an epic bull run. The tokenomics looks great for this to be an epic play. The market cap is extremely low, circulating supply is near dispersed and sell volume has dried up.
My Strategy:
Buy: 70-90
Stop Loss: 65
Sell: 100 - 120 - 140 - 160 - 190 - 200 - 298 - 372 - 465 - 557 - 700 - 800 - 870 - Fully out at 1350
Disclaimer: This is not financial advice. These are only my opinions and observations on this chart.
#GOBTC LONG.. There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
#GOBTC LONG.. There is not much to say about the GOBTC chart.. We can say that there is a tightness in RSI and price, after a while it seems possible to observe a hard movement in GOBTC.. The #GOBTC is priced very close to the ma50, I think the ma50 will be the leading indicator in terms of price movements and should be watched very carefully..
Disclaimer: What I wrote is not investment advice.. Please do your own due diligence when it comes to crypto-investing.. Never put in money that you cannot afford to lose.. Invest at your own risk..
I wish you all the best..
Gochain bottom in? Next big leg up awaits us?- Price seems to be trading deep within a falling wedge (bullish pattern).
- Trading just above horizontal support area and exactly on the 100 daily EMA support
- 100 daily EMA was the bottom during the previous large correction down to 145.
- We've had 2 quick wicks through the ichimoku cloud, but are trading within the cloud, which should act as support.
- The fact that we see 2 wicks this sieze in a row shows that buyers are very eager to step in at the levels below us.
- Tenkan-sen (blue line) is still above the Kiju-sen (red) which is a bullish signal
- The bounce from 178 satoshi was exactly the .786 fibbonnaci measured from the bottom to top of the last rally (145-299).
- RSI bounced from the bottom of a falling wedge and is forming a hidden bullish divergence, which is only negated if we drop below 145.
Besides this TA, Gochain is launching Arabian Bourse exchange and payment solutions in Q1, which is ending in the coming weeks.
GO to rocket back to 275 before month end?Just like the retrace of the previous uptrend, GO seems to be forming a falling wedge with declining volume.
GO could drop another 10% (to 203 area where the .618 fibonnaci is) in the next 5 days to make the last macro higher before trending backup, which is started with an explosive move back to 275.
GOBTC formed bullish Shark | Upto 21% bullish move expectedPriceline of world's 151th largest cryptocurrency out of more than 2300 crypto tokens GoChain (GO) has formed bullish Shark pattern and entered in potential reversal zone.
This potential reversal zone should be used as stop loss in case of complete candle stick closes below this zone.
Let’s have a look on the dimensions of GO price action's moves:
After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.618 Fibonacci and then B to C leg is projected between 1.13 to 1.618 of A to B leg's Fibonacci projection and final (C to D) leg is retraced between 0.886 to 1.13 Fibonacci as required for perfect perfect bullish Shark and now we are entered in potential reversal zone of this bullish Shark pattern, now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of C to D leg, but after this bullish divergence if the candles sticks will be closed above 0.786 Fibonacci levels then it can also lead to the long term bullish move.
As per Fibonacci sequence method we can set our targets as below for mid term trade:
Buy between: 0.00000248 to 0.00000235
Sell between: 0.00000259 to 0.00000285
So this very short term 2hr based chart trade has potential to give upto 21% bullish move.
Regards,
Atif Akbar (moon333)
The harmonic moves analysis involves hours of hard work and determination however the success of harmonic trading in fiat and cryptocurrencies is around 80% therefore it is always important that you follow any stop loss strategy while trading harmonic patterns I have also shared a stop loss idea in this article, the information in this article is for educational purpose only this is not intended to be investment advice, I have tried my best to catch the harmonic moves as per predefined classical harmonic bullish Shark pattern if you find any flaw or you have any suggestion feel free to share with me in comments section.
Gochain breakout in the next 32 hours? Upside potential of 350 Possible breakout to 320-350 satoshi area in the next 32 hours if the triangle plays out.
Gochain coiling up for next move upAfter an explosive move up Go has seen about a 20% retrace from the local top of 285 satoshi. Since the start of the move, GO has been respecting an upsloping diagonal trendline. GO now seems to be coiling up in a squeeze, getting ready for it's next move.
GO is currently sitting quite literally on a cloud of support with the upsloping trendline, horizontal support and the ichimoku cloud coming together on the 1h.
Additionally, the oscillators such as the Stochastic RSI seem to be ready to roll.
