Cup and Handle formation forms on the above 1-day chart after a 40% correction from late August with a target of $460. Trade becomes valid after a break of resistance with price action around $275.
Bonus?
There’s something else on the Gnosis / BTC pair worthy of attention. On the weekly chart (below) price action made an impulsive break of the 100-week EMA (Cyan line) following a cross up of the 50-week EMA (green line) by the 21-week EMA (circled in purple). This is super bullish.
A large move in price action should now be expected once price action confirms support on the 100-week. Currently there are a handful of alt-coins in this position. If you look you will find them! Some examples below.
Good luck.
WW
Gnosis 100-week EMA break
Here is an example from the weekly AAVE chart once the 100-week EMA is broken, a 3000% move against BTC.
And VEChain
Bonus?
There’s something else on the Gnosis / BTC pair worthy of attention. On the weekly chart (below) price action made an impulsive break of the 100-week EMA (Cyan line) following a cross up of the 50-week EMA (green line) by the 21-week EMA (circled in purple). This is super bullish.
A large move in price action should now be expected once price action confirms support on the 100-week. Currently there are a handful of alt-coins in this position. If you look you will find them! Some examples below.
Good luck.
WW
Gnosis 100-week EMA break
Here is an example from the weekly AAVE chart once the 100-week EMA is broken, a 3000% move against BTC.
And VEChain
أغلقت الصفقة: تم الوصول للهدف:
Kaboom. Target squired.
Is it possible it continue up? Sure.
Is it probable? 50/50, that's not trade to risk those gains on. There's better options out there.
Is it possible it continue up? Sure.
Is it probable? 50/50, that's not trade to risk those gains on. There's better options out there.
تعليق:
If you're still in this trade, a trip down to $330 seems highly probable with the close of the weekly candle.
أغلقت الصفقة: تم الوصول للهدف:
Back at resistance with sell signal as before, look left.
BTC
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Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: www.patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR