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Goldfinch Protocol

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Goldfinch: A More Mature Chart UPDATEWe perfectly backtested my pre established descending channel as support that I made some time ago and bounced off it (long term resistance flipped as support.) I also said we would have a pump on the 24th-25th on my last post, so for anyone that listened to my last post I hope you had a good swing trade. We went up about 50% since I posted the alert that we would be pumping, then came RIGHT back down to the top of my descending wedge. I haven't edited any of the lines as they still hold up quite well. Basically with BTC dumping to 33k Goldfinch is holding up surprisingly well. I don't know how long my chart will be valid for, but for now I am using it to scalp trade and accumulate more Goldfinch tokens. This coin is going to explode later when BTC recovers. Such a low market cap, and the risk to reward ratio is more tilted towards the upside. Good luck everyone and I'll update once a move has been made.
COINBASE:GFIUSDLong
by BlueJane69
1
Goldfinch: A More Mature ChartAlright guys I believe we have a more definitive chart as the coin is maturing since its only 2 weeks old. I've came up with many theories as the coin launched but I believe this to be a much better technical analysis with the fib indicators, the downward channel of resistance (which I actually made some time ago that is still valid and is acting as resistance), and the current market conditions for Goldfinch to ideally have a bounce. We went as low as 3.85 and had a strong 30% bounce above 5 dollars right at the bottom of my downtrending channel that is still valid after about a week of me producing it, to which we proceeded to dump back down to 4.12 again. I altered some fib levels and everything seems to line up much nicer since the coin is maturing with time. Unfortunately, we fell below my downtrending channel and the bottom of it is now acting as resistance.. I don't believe it will last as resistance so long as BTC doesn't crash to 30k (which is most likely will hit 32-30k at this rate.) Long story short: this coin is going to do at least a 2x once BTC rebounds. It's market cap is ONLY 20 million, with a circulating supply of ONLY 5 million. Wouldn't surprise me if whales are accumulating massive amounts of Goldfinch at these levels. The only issue now is that since the market cap is so low you can have a whale literally own a good portion of the circulating supply, I mean they could accumulate around 10-50% of the circulating supply at these levels and dump it later. That being said I can easily see this coin being one of the most manipulated on Coinbase at the moment. All I can say is think ahead of what the whales would do AFTER it pumps and has a correction to the upside, because I guarantee you with a market cap of only 20 million you're looking at massive accumulation by single individuals at these levels.
COINBASE:GFIUSDLong
by BlueJane69
5
Final WorldSo here ya go, I am officially done updating this coin until it can get above my descending wedge/channel. Its been fun updating this thing since no one is talking about is but its getting to the point where I cannot really say anything I haven't said. RSI is getting oversold and the bottom of the channel will act as support with this new dip. Coin has consistently been dumping 5-15% a day so all I can say is be careful buying Goldfinch. Hard to call a bottom when we're already in the basement. All I can say is I am very impressed with just how much this coin dumps everyday without fail. I feel bad for anyone who has HODLed Goldfinch, and all I can say is I'm sure in the next coming months we will see a big bounce. If you've HODLed the past week youre down 40-60%, and my advice is just hold it because you've essentially held it to the bottom.
COINBASE:GFIUSD
by BlueJane69
OofGoldfinch is not respecting fib levels and is still stuck in my descending channel from last post with the 1 Hourly EMA acting as STRONG resistance along with the top of my descending channel/wedge. I suspected we would see prices of: 8.00 7.50 6.75 All I can say regarding Goldfinch is that if it cannot get above the 1 Hourly EMA Ribbon or my descending channel of resistance it will continue to range lower and lower. One would expect a relief bounce (I personally expected one around the 7.00 mark) but until then all I can say is slowly accumulate or wait for it to get above prior resistance levels and hold them as support. I re entered a position around 7.15 and sold at 7.33 when I realized we couldn't break the 1 Hourly EMA as resistance and I re entered my position at 6.60. I will again sell if it still has resistance at the top of the channel or the EMA ribbon is still resisting us. I will also sell if we continue downwards (I dont HODL unless I REALLY believe in something like ADA or BTC) probably if we reach 6.30 and cant quickly get above that. If its a quick wick I tend to not sell but if we slowly continue lower I will again exit my position and re enter once the coin matures. Good luck everyone and dont hold a sinking rock.
COINBASE:GFIUSD
by BlueJane69
1
Can Goldfinch FINALLY get above that pesky EMA ribbon???The 1 Hourly EMA ribbon has been MASSIVE resistance for Goldfinch since it released. We reached my two Target Prices of 8.00 and 7.50, and even some earlier ones I had of 7.00 (I personally didin't believe it would re-visit 7.00 since it dumped so hard so fast already.) If it cannot get back above the EMA ribbon I can see Goldfinch getting squeezed between 7.00 and a descending EMA ribbon. If that breaks down we can see new all time lows. I closed my position when it made a daily close below 7.55, and I re invested around 7.15. My stoploss is around 6.94 which would mean we are still in a downtrend with a new all time low. Goldfinch has some major resistance to break, and alot to prove now. Currently has the LOWEST market cap on Coinsbase, is basically unknown, and strong fundamentals... Thats the only reason I am still looking at this project.
COINBASE:GFIUSDLong
by BlueJane69
The Final CountdownSink or Swim for Goldfinch. You reached my price target of 8.00 and now youre going to my last and final price target of 7.50. EMA continues to be massive resistance on the hourly. If it fails to hold the bottom of the fib extension I can't give any more projections because we will now be in price discovery for a new all time low. However, I still stand firm that this is the bottom. Can't go much lower then this and the only thing that could crash this coin is if the devs decide to have a massive dump of new coins into the circulating supply.. But honestly they are very transparent on the release window of when new coins will enter circulation. This is a very good buy zone. Lets wait for the apex. If EMA continues to act as resistance then off to 0.00 lol.
COINBASE:GFIUSDLong
by BlueJane69
3
We Have a BottomI'm gonna make a bold prediction and say this is the bottom. Everyone who was going to sell sold. Holding bottom trendline as support and at the bottom of our fib levels is slightly below. Apex of symmetrical triangle ends soon. Re adjusted some things since this coin is still so new and is maturing. We are in a very healthy spot to buy. TP is around 15.00 but dont hold your breath lol. Been going down practically in a straight line for 6 days so a relief rally is long overdue.
COINBASE:GFIUSDLong
by BlueJane69
1
GOLDFINCH -A great setup on an interesting coin!From goldfinch.finance "Goldfinch is a decentralized credit protocol for crypto loans without collateral. This is the missing piece that finally unlocks crypto lending for most people in the world. ... Goldfinch expands access to capital in emerging markets where crypto can truly empower financial inclusion." Now for the technicals, this coin is a new Coinbase listing that seems to have bottomed out. From there we have run up to resistance and we are now at the demand line. This giant descending triangle could explode quite impulsively. You have been warned. NFA, DYOR.
COINBASE:GFIUSDLong
by ChartProphet
Goldfinch in a PinchWe reached my target price of 8.00 from last post and have had a 5% move to the upside. The EMA ribbon has acted as resistance for some time now, with the top of the descending wedge around 8.96 at this time. Bullish div on RSI. Im going to make a bold prediction and say anyone who was going to sell already sold. I can't imagine it going below 7.50. From a risk to reward point of view this is a good buy opportunity. I'm very impressed with the consistent dumping of this coin, even for new listing standards on Coinbase. Currently has the lowest market cap on Coinbase, it doesn't really get much lower than this. It's been going down in a straight line for the last 5 days. Anyone who bought this is at a loss lol. At this point if it cant get back above 9 and hold it as support I'd say go invest in something that will actually make you money until Goldfinch is done accumulating. Be patient, but don't HODL coins that underperform the market. Goldfinch has a realistic potential to 5x in the future, and I'm not one of those Moonboys that says this about any coin. Currently at the time of me writing this it is at 8.05 which means there is no real demand for the coin so I can see it easily go to 7.50 at the all time low Resistance levels are basically the EMA ribbon, top of the wedge, 10.25, 11, and 11.75. Basically this coin has a lot to prove.
COINBASE:GFIUSDLong
by BlueJane69
8
Oh Goldfinch...Basically all details are written in the picture. Goldfinch has been dumping the last 4-5 days in basically a straight line down. Extremely low market cap, low circulating supply.. It wouldn't surprise me if we went sub 8 dollars at this rate in the short term. Coin appears dead on arrival, note the word "appears." I believe theres much real world utility with this coin and project, so to see it 2x in the next few months or so to a modest 100 mil market cap is very doable. Until then there is no reason to FOMO in; its best to casually accumulate or wait for a breakout with any type of upwards momentum. I do find it slightly concerning that when the market pumps this coin still dumps. It has what I believe to be the second lowest market cap on Coinbase.. I think we all need to take a step back and let the coin mature a bit since its less then a week old. If it fails to get back above 10 dollars and hold it as support there are always better projects to invest in, but I like the idea behind Goldfinch. If you buy it now I believe theres far more room to the upside then downside currently from a risk to reward standpoint. Good luck!
COINBASE:GFIUSD
by BlueJane69
6
GOLDFINCH, 4-Hour Chart, GFI (NEW COIN)NEW COIN. GFI. It has a circulating supply of 5.1 Million GFI coins and a total supply of 114 Million. Goldfinch is a DeFi protocol that brings crypto loans to the real world. GFI is an Ethereum token that governs Goldfinch, a decentralized credit protocol for extending business loans without collateral. The token can be used to vote on the future of the protocol and protocol auditors can stake GFI to receive rewards. goldfinch.finance "Goldfinch is a decentralized credit protocol for crypto loans without collateral. This is the missing piece that finally unlocks crypto lending for most people in the world." medium.com
COINBASE:GFIUSD
by zach6667