Updated
GNT - Something breathing?
GNT dropped to ~3700Sat and bounced off.
Overall more bullish than bearish signals.
A strong signal would be the bullish closing of the current 4h candle and MACD crossed.
Next support at ~3000Sat.
Stop loss below 3600Sat.
- MACD seems to cross, indicating a change in movement direction (+)
- RSI is pointing upwards, coming from oversold region (+)
- Increased volume compared to last dip (bullish divergence?) (+)
- Cloud is still bearish but flattened, conversion line below base line (-)
Overall more bullish than bearish signals.
A strong signal would be the bullish closing of the current 4h candle and MACD crossed.
Next support at ~3000Sat.
Stop loss below 3600Sat.
Note
Reaching top of trend channel, place stop loss in case market will not cross through. ~20% Profit.Note
Broke out at 2nd. try!
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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.