GNFT ready for an upside move: on the daily chart is very oversold but the price is squeezed in the same area for the last 3 weeks (accumulation phase), while the volume was lower and lower. But now on the last daily candlestick, the volume increased suddenly while the money flow index also increased drastically. On the 4h chart, the RSI and MACD were increasing in this period while the price remained the same. So now, everything indicates a move is coming very soon.
My first target is between $8.38 (fib 0.3 on the last big downside move) and $8.92 (first resistance), which makes around 70% gain from the current price.
Trade active
GNFT already made a 20% move. After this pullback, more can be bought.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.