GASBTC trade ideas
GAS Under Heavy Volume - 100% Gain Over BitcoinToday GAS has been rising sharply and went from 75k up to 150k satoshis, resulting in a 100% gain over the Bitcoin. Volume has also went up substantially and it seem that the upside momentum will continue.
Currently GAS/BTC has corrected down by nearly 20%, while the price has declined from the 153k high, down to the current price at 125k satoshis. This might be a good entry point to catch the "south train" as GAS could rise up to the strong resistance area at 200k satoshis.
This resistance is confirmed by two Fibonacci retracement levels as well as the low established back in March 2018. At the same time short term consolidation is possible and price might hang around the 100k satoshis psychological resistance. But, as the previous level of resistance at 118k has been broken, more upside potential should be expected in the near term future.
NeoGas (GASBTC) Joins The Action (605% PP)NeoGas is the next crypto/altcoin to enter the action. As if every single token needs to breakout and do some massive numbers in a single day.
We have a 97.45% increase in price in just a few hours.
Let's take a look at some of the signals on the chart:
- Right hand you have the weekly time frame chart. Which means that each candle consist of 7 days or 1 week.
- There is a clear bullish crossover on the MACD.
- Big increase in bull volume. Biggest volume since January 2018.
- RSI and STOCH now trending up and showing plenty of room left available for growth.
- 605% Profits Potential remains to all time high.
With a good close this week, you can expect additional bullish action from GASBTC, as it is happening with other altcoins. Expect higher lows, good support on retrace and additional bullish action.
Thanks a lot for reading...
Namaste.
GASBTC Global bottom is foundGAS is the internal pricing for running a transaction or contract in Ethereum. The coin has found its long term bottom. Our trading team carefully analyzed this cryptocurrency and according to Fib retracement levels the price is at Fib 1 around 0/000838 where it bounced last time.
According to Stoch RSI the price is going to break the resistance and consolidate above Fib 1. This will open an opportunity for a new long term rise. Hidden bullish divergence enhance this scenario. MA intersection signals for a soon trend reversal.
We recommend this coin for the Long term trading. Long term targets are hidden. In case of good bull run there will be implemented scalping strategy to earn additional profit on subsequent corrective pullbacks. Updates for scalping and thorough strategy will be posted in the Premium channel.
Short term targets, buy zone and stop loss are drawn at the chart.
POST1: Cheap GAS2NEO Ratio@0.28As you can see from the chart above GAS is at a low on the year to date relative to NEO and is showing signs of recovery off the main support at 0.275. Price action has been slow today and yesterday. We are currently mainly invested in GAS looking to trade into NEO gradually as price tends to move upward towards the indicated sell range and resistance at 0.41. The gap between the two buy/sell zones indicated on the chart represents a 50% profit in a perfect world. Please bare in mind that price can always move lower and some NEO should be kept aside to buy even cheaper gas if this occurs. This post serves as an initial overview and reference point going forward. Binance is a recommended exchange for trading GAS2NEO via BTC due to high volume. Kucoin is an option due to having a directly functional GAS/NEO pairing but the market currently has very low volume.
Tipjar
NEO/GAS: AZcL3mYdeyjuE5nPtrsAn2oo4o4F7KCRPD
GASBTC trading Ideas and Potential OpportunitiesGas Price trading inside Accumulation Zone. In this zone accumulating gas with space of 350-500sats as it descend to the all time demand zone.
Ground Demand zone area is between 0.000620 - 0.000920
RSI is also heading down most recent low was 20 and presently trading at 25.9.
Possible Entry and exit targets are clearly stated on the chart.
BLUE: POSSIBLE ENTRY ZONE
RED: STOP LOSS LEVEL
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.