GASBTC
GAS Short & Longterm PriceSince Gas is a vital part of the NEO blockchain, there are many positive speculations regarding GAS and its potential to rise.
NEO 3.0 is essentially getting developed to resolve problems concerning scalability, privacy, efficiency, transactions per second (TPS) and so on. NEO co-founder Erik Zhang revealed that NEO 3.0’s goal is to support commercial applications on the blockchain, and although a date on its launch is yet to be determined, one thing is clear that it’ll address the platform’s stability and scalability. This in itself is a big development and might give GAS a major boost. Longer term price predictions see GAS potential reach $27 in the longer term.
Short term support & resistance Technical Analysis levels can be referenced on the chart.
GASUSD PT $26, BULL PENNANT BREAK WITH RETESTGASUSD has been consolidating hard since its short term highs on Feb 30th. We can see a clear trrend continuation with the break of this bull pennant. With highs an opening range of $17.70 and $7.31, we can take the measured move of the pennant and see our PT of roughly $24-$26.
Here we can see the volume increase on breakout, another confirmation signal of a real break of this pennant.
$GAS/BTC (Binance Spot) Descending channel near breakoutGas (also known as NeoGas) downtrend seems to have ended, let's swing that!
Current Price= 0.0000581
Buy Entry= 0.0000584 - 0.0000544
Take Profit= 0.0000936 | 0.0001379 | 0.0001754
Stop Loss= 0.0000415
Risk/Reward= 1:2.5 | 1:5.47 | 1:7.99
Expected Profit= +65.96 | +144.50% | +210.99%
Possible Loss= -26.42%
Fib. Retracement= 0.382 | 0.618 | 0.786
Margin Leverage= 1x
Estimated Gain-time= 1440h
Recovery trend on NAT GAS - Coffe time at lowRecovery trend on NAT GAS - Coffe time at low
2.40 2.70 recovery trend.