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GASBTC trade ideas

NeoGas | Is It A Bear Or A Bull? 50/50Let's take a look at the NeoGas (GASBTC) chart. Here we have strong bullish action happening now but things can easily change... Let's take a closer look. GASBTC is now in an uptrend and completing a strong retrace. After the peak on 16-Feb., prices dropped below EMA300 until they hit 0.0001681 or EMA50. As soon as EMA50 was hit, a strong bounce started to take place. (EMA50 also coincides with the 0.618 Fib. retracement support for the last bullish wave, adding additional value/strength to this price level). MA200 has already been conquered (bullish)... On this setup, prices can easily continue growing and multiple signals are now pointing to just that, additional growth. EMA300 at 0.0001940 is our main indicator right now... Above this level, GASBTC can easily continue growing. Below this level it can continue to retrace. The orange trendline can also be used/counted for support. This is not financial advice. Remember to always have a trading plan/strategy if you decide to trade. Remember to hit like if you would like to send us some LOVE! Namaste.
by MasterAnanda
1
Volume Indicator, Gas Starts To Fly (100%+ Mapped)GASBTC is starting to fly and we have really good volume coming in... Let's take a quick look at the volume indicator. We usually mention volume as a very important signal/indicator when it comes to TA. Any move that happens we always look for volume for confirmation. Good volume is good for the bulls we always read/say. Recently the market cycle changed from bearish to bullish, and we are seeing strong bullish action on low volume in some/many cases... This isn't a bearish signal anymore since we are in a bullish cycle, it is more of a "continuation" signal. So if you see a bottomed out altcoin producing a low volume break above EMA10 and EMA50, instead of seeing this as a bearish signal telling you that prices can quickly reverse because there is no volume support, instead we see it as just the beginning since prices are moving higher and the trading volume is yet to come. When we looked at GASBTC, we can find a good example of what I just wrote. There was no big volume when breaking above EMA10 or EMA50 (just the beginning), but prices kept on moving higher and there is big volume now to challenge EMA200 and for GAS to continue going up. Yes! We continue to look at trading volume for confirmation, but this can be better used now when it is time for a drop. If prices drop on low volume, you can take it as a signal of a retrace that won't go for long. But if prices drop on big/above-average bear/red volume, then you can take it as confirmation that prices will likely continue to drop. That's the volume indicator based on my experience after years of looking at these charts. Namaste.
Education
by MasterAnanda
7
LONG - GAS - Trading OpportunityPrice retraced back to support and as volume settles bulls get ready for next leg up. Entry: 0.0001270 Target 1: 0.0001407 Target 2: 0.0001517 Target 3: 0.0001663 SL: 0.0001192 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
Long
by ElMomento
NeoGas Moves Ahead | 95%+ Within 2-3 Weeks?NeoGas (GASBTC) is growing at a very fast rate and is printing a very strong bullish (green) candlestick. Right now it is moving above EMA100 (blue line) which rejected its growth recently... Now moving above it, additional growth can take place. This is the daily timeframe (1 candlestick per day/24 hours), so the candle needs to close for confirmation. The RSI is really strong at 74.83 and the MACD shows plenty of room available for additional growth. If GASBTC moves back down, 0.0001823 is the first support, followed by 0.0001608 or EMA10. This is not financial advice. Remember to always have a plan and do your own research before you trade. Namaste.
Long
by MasterAnanda
2