GASBTC New buy opportunity and potential KUMO breakoutGASBTC
The market pullbacks to a fractal level and now presents a new buy opportunity.
Though price is still inside cloud. We will enter to trade the kumo breakout at the current level.
For the aggressive traders, enter on the break of the current indecision candle which is at 3300 level.
For the more conservative entry. We will enter on the break of the current swing high which is 3500.
A Break and a close outside KUMO will confirm the KUMO Breakout.
Aggressive Pending BUY at: 3300 sats
Conservative Pending BUY at: 3500 sats
TP: 4251
Stoploss: 3024
GASBTC trade ideas
GAS small correction ahead before burstGASBTC exit the downtrend on March 19 and since then is hovering for almost one month. In the last week it started a shy break out but i think it is not the one we are expecting. On a weekly view there is space for one more last correction before final break out.
Enjoy!
GAS forming another cup and handle, red lines are targets!Weekly chart has real bullish indicators and we can see that GAS chart is making a perfect cup and i am going to accumulate some here for resistances lines. 1 day chart is also looking bullish and even more important GAS a historic of cup and handles and i won't miss this one.
GAS/BTC Triangle Breakout GAS/BTC has a "Triangle" chart pattern breakout, and the MACD line is still pointing upward.
Also, the candlestick sits tight above Kijun-sen, but we still cannot confirm the market is short term bullish unless we see a Tenkan-sen & Kijun-sen crossover.
Therefore, the first target (Target 1) to be set near 0.00274, which is very close to the highest price on 26-Mar.
Once we see a Tenkan-sen crossover UP, aggressive trader can aim for target 2 which is a major resistance according to Ichimoku analysis.
When everything ideally worked well, the projected target of triangle breakout can be applied.
Great Momentum on GASBTC #GASBTC has series of pattern forming on it right now, we have Inverted SHS and at same time Ascending triangle. This is going to be great. when breakout.
Accumulate GAS for good profit from 0.00223 to 0.002305
Stop Loss: 0.002035
Sell Targets: 0.002676 || 0.003040 || 0003430 || 0.003765
GASBTC - end of downtrend?GAS looking good potential in coming days. 4 hour chart shows some uptrend signs and so is RSI.
In my view, enter now or below 0.0028 short term targets 0.0031-0.0036 sats (i am not a long term trader).
TP at Fibonacci resistance levels or hold for long term profit. Please DYOR.
Please hit "LIKE" to support, Happy Trading!
Basics of ICHIMOKU :
There are five calculations used to generate the Ichimoku Cloud:
Tenkan-sen = (9-day high + 9-day low) / 2
Kijun-sen = (26-day high + 26-day low) / 2
Senkou Span A = (Tenkan-sen + Kijun-sen) / 2
Senkou Span B = (52-day high + 52-day low) / 2
Chikou Span = Close plotted 26-days in the past.
Read more: Ichimoku Cloud www.investopedia.com
GAS looks ready to go after demand zone (MED RISK)This is a medium risk trade
Demand zones is where I see it dropping. It can bounce from either of them. Stop losses is a necessity here for short, medium term holders.
MACD with RSI show positive outlook in medium term
Chart is self explanatory. Main descend is partially due to decreased volume
Do not invest what you can't afford to lose. We are not your financial advisors.
GAS Possible Trend ReversalBINANCE:GASBTC
BITMEX:XBT
All,
Look at the all time chart we see GAS might be in a strong demand zone. We have a double bottom and signs of a trend line/reversal building. Just a matter if Bitcoin can hang in so we can get this moving. If not as always father BTC will write this story (sadly).
GASBTC 12H Poloniex – channel - support - fundamentalsGAS is seemingly moving in downtrend channel against BTC and is closing to support at 0.0022 levels AND lower line of the channel. It may be expected that price will reverse and may visit the upper line of the channel and previous resistance at 0.00305 - 0.0032 level. Fairly tight stop loss can be set in this scenario which offers an attractive Risk Reward ratio and so potentially when price reaches 0.0022 I may take the risk to enter w/o seeking for concrete reversal signals – I may be willing to take this risk thanks to the attractive RR ratio.
I am willing to enter with 0.25 BTC.
RSI is oversold. 0.0022 overlaps with 0.236 fib correction level of the previous large bullish swing.
Fundamental – NEX ICO - neonexchange.org