GO/BTC (Retesting Major Support Area)💎Technical Analysis Summary💎
BINANCE: GOBTC
-GoChain is retesting major support area at 77-70 sat
-If we look at history, this zone has been tested twice
-And we saw a strong upside movement for a few weeks
-Will history repeats itself? I'm not sure
-If you are taking a risk, please use proper stop loss location
-And exercise proper trading size allocation
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Gobnb
GO/BTC (Retest Major Support Area)BINANCE: GOBTC
-GoChain is rejected again by the strong trendline resistance
-It will likely to retest the major support area at 97 sat
-This level must hold in the short term to provide us a better market view
-And, GoChain must breakout Bullish above the trendline resistance
-With good volume in the next 2-4 weeks if things become stable
-For now, this is a wait and see the game but if you are a support buyer
-The retest of major support is your opportunity with a tight stop loss below
``````````````````````````````````````````````
Trading Involves High Risk
Not Financial Advice
Please Exercise Risk Management
``````````````````````````````````````````````
If You Like My Daily Published Ideas
A little Help By Supporting My Channel
Through Leaving A Thumbs Up, Comment & Follow
Happy Trading! --> Thank You! :)
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GO/BTC is in a BIG BULLISH TRIANGLE! Over 90% Gains!GO/BTC is in a BIG BULLISH TRIANGLE! Over 90% Gains!
Patience is Key!
Enter aggressive now at bottom of triangle, or enter breakout, or enter retest..
Lots of support for every risk tolerance..
Trade safe my friends...
BINANCE:GOBTC
GO/BTC (Back @ Previous Key Support)GO/BTC
-GoChain is back at the previous key support area
-This zone has been tested twice in the past
-We can see multiple Bullish rejections in this zone
-and If history will repeat its self
-There is a chance the price will reverse back up to 150-200 sat
-But keep an eye of the descending trendline resistance
-This will be a major level needs to break in the midterm
BNB - Want some coffee?BNB has been holding up not to badly in these tough times. The key was to wait for a trend reversal to buy back in.
Now we are seeing a possible channel having formed indicating an upwards trend! The RSI is pointing straight up and the MACD is looking for separation and is on an upwards trend - above the 0 level where we will start to see some movement.
It seems we have a possible cup and handle formation having formed within the channel. This is an extremely good sign, if however BNB were not to confirm a breakout even at least a slight one we could see it slip out of the upwards channel I've drawn in. This could be bad.
I will wait for a breakout to execute a trade. This is on the watch list for now!
This is not financial advice please do your own research.
Best of luck,
X
