There is a possibility for the beginning of an uptrend in GXSETHTechnical analysis:
. GXChain/Ethereum 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 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0065 to 0.0060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0065)
Ending of entry zone (0.0060)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0072
TP2= @ 0.0078
TP3= @ 0.0083
TP4= @ 0.0098
TP5= @ 0.0118
TP6= Free
Gxchain
There is a possibility for the beginning of an uptrend in GXSETHTechnical analysis:
. GXChain/Ethereum 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 54.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.0065 to 0.0060). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0065)
Ending of entry zone (0.0060)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0072
TP2= @ 0.0078
TP3= @ 0.0083
TP4= @ 0.0098
TP5= @ 0.0118
TP6= Free
Daily Bullish Signal $GXS #GXS GXS/BTC (02 November)Blue Arrow indicates Expected Time and Targets
Follow me for more signals daily
GXSBTC - Get your bags early and ride it out!Analysis:
Correction ended back in mid August. Accumulation nearing final phase. Cup and handle pattern could play out though I do not think its very likely. I assume we will dip again and retest the next support level - which will be our entry...
Entry Point:
We are waiting to see if price will continue to drop and retest the lower support. Looking to go long at around 1850. See detailed screenshot below, using Bottomfinder to find best local entry. Using the prior BTF signals we can establish a range of likely entry. Wait for the strong bottom signal or when bullfilter value retests the lower channel boundary.
Take Profit:
The green lines represent target take profit levels. We suggest cashing out 15% at T1, 40% T2, 40% T3, 5% T4 (or let it ride if it still looks bullish ).
Stop Loss:
Stop Loss suggested at ~1500, which is below the liquidity pool and 3 established local support levels.
Upon completion of T1 move stop loss to entry point to secure a risk free trade. Additionally continue moving stop loss up by one target each time a new target it reached. i.e. when T2 is reached, move stoploss to T1 level.
This way you can ride out dips with no anxiety and automatically exit the trade in profit should you not be around to monitor!
