GOAT price has reacted at the 786 fib level and has proceeded to print bullish price action on lower time frames (1h). 4h looks good for an entry provided we have BTC maintain it's current level, i.e. not pump too hard and not dump. If dominance pivots to alts, could see a good boost here for GOAT.
invalidation if price goes lower than previous low.
Note, I know nothing of what this token is used for, purely looking at TA.
invalidation if price goes lower than previous low.
Note, I know nothing of what this token is used for, purely looking at TA.
Note
BTC price fell through meaning all Alts were affected.Looking at larger picture for GOAT, we can see that this ascending price action has completed 2.5 waves then fell to the downside.
Possible that the correction is over now and price could rebound - also depends on BTC.
Note
note, if entering long I would watch what happens as price moves up towards resistance levels - 0.6500 & 0.8850
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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.