GO/BTC (Key Support Breakdown?)💎Technical Analysis Summary💎
BINANCE: GOBTC
-GoChain starting to break its Key Swing Low support at the 70s sat
-This is quite Bearish if the 3D candle closes below
-As a reminder, it is not a good time holding on to your position
-Because the market structure is about to be invalidated
-And new price discovery will occur below 70 sats
-So please, follow your stop loss or reduce position size
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Goeth
GO/BTC (Retesting Major Support Area)💎Technical Analysis Summary💎
BINANCE: GOBTC
-GoChain is retesting major support area at 77-70 sat
-If we look at history, this zone has been tested twice
-And we saw a strong upside movement for a few weeks
-Will history repeats itself? I'm not sure
-If you are taking a risk, please use proper stop loss location
-And exercise proper trading size allocation
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GO/BTC (Retest Major Support Area)BINANCE: GOBTC
-GoChain is rejected again by the strong trendline resistance
-It will likely to retest the major support area at 97 sat
-This level must hold in the short term to provide us a better market view
-And, GoChain must breakout Bullish above the trendline resistance
-With good volume in the next 2-4 weeks if things become stable
-For now, this is a wait and see the game but if you are a support buyer
-The retest of major support is your opportunity with a tight stop loss below
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GO/BTC (Back @ Previous Key Support)GO/BTC
-GoChain is back at the previous key support area
-This zone has been tested twice in the past
-We can see multiple Bullish rejections in this zone
-and If history will repeat its self
-There is a chance the price will reverse back up to 150-200 sat
-But keep an eye of the descending trendline resistance
-This will be a major level needs to break in the midterm
GO/BTC (Key Support @ 80-72 sat)GO/BTC
-The bearish H&S pattern is confirmed after the breakdown of neckline
-If the downtrend will continue, the next key support is somewhere 80-72 sat
-Buyers are looking at this zone for potential strong bounce reaction
-This will likely give an over 20% relief rally in short term
-I suggest to enable your Alerts if incase the price reached that level
GO/BTC (Up to 121% Profit Target)GO/BTC
Go manage to break and close above daily down-line resistance. During months of consolidation,
This coin had a Triple bottom reversal pattern and the early sign of trend change is the Higher Low it made last week.
A good pullback would be nice for Bulls to reload their ammo because the RSI is already in the Overbought condition.
Trade setup
Buy area: 120 Sats - 105 Sats
Sell target: 138 Sats - 230 Sats
Stop loss: 90 Sats
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GoChain/BTC Bullish ChartI am Waching Closly #Gochain.
I already bought and if more dip then I will buy more.
My Potential Buy one given in Chart.
My Target for This month are: 500/600/700 Satoshi.
In 4 hours chart Golden cross already done.
GOBTC LOOKING BULLISH20-30% PROFIT EXPECTED IN NEXT WEEK...
BUY & HODL SOME AT CURRENT PRICE 480-490 SATS
STOP LOSS BELOW 460 SATS...
SELL TARGETS
TARGET 1 - 525 SATS
TARGET 2 - 579 SATS
TARGET 3 - 650 SATS
ETH Next to pop!ETH is looking rather healthy, the market is in an up turn. Recently BTC has regained some of it's losses, and LTC has popped hard!
These market conditions and sentiment allow all alts to grow some. ETH is looking healthy right now. It has broken above it's 50 EMA and is now trading safety above it.
The volume is starting to pick up and we can see bigger green bars than red ones.
RSI is above 40 and pointing up, the MACD has rolled over and is looking for separation - once it crosses the 0 level expect major take off.
That being said, look out for resistance which was laid down previously as support. The red line denotes the general area where we may find this resistance.
This is not financial advice and I am not a financial advisor!
Best of luck,
X
