GoChain Hits New Milestone | Strong Uptrend ConfirmedGoChain (GOBTC) hit a new milestone today confirming strength for this altcoin pair and the market as well.
This milestone is a new higher high compared to the peak on the 11-Dec.
Volume is also the highest since September 2019 after the low was hit, another milestone.
This one can easily continue growing.
Previous analysis:
Altcoins Market Extreme Bullishness | 24%+ Growth In Days!
Bitcoin Challenges EMA50, Aims At $9428 or MA200, Possible?
Thanks a lot for reading.
This is not financial advice.
Namaste.
Gobtc
GO/BTC TA Update (Last Leg Up?)GO/BTC
Go broke bullish of this ascending pattern and almost reaching key resistance around 300 sats area. This move a too extended already and it is not a good idea to follow the crowd.
Do not FOMO here, wait for the right pullback before considering a Long entry. The RSI is showing weakness uptrend so be cautious right now.
Gochain Symmetrical Triangle breakout to 323 by mid JanuarySymmetrical triangle rules
1. Tends to breakout in the direction of the trend (up).
2. Triangles perform best post breakout when they appear at the start of trends. (uptrend started October 26).
3. Bullish breakout tends to occur before 73% of the triangle is completed (January 13).
Besides this we can see the oscillators such as the MACD picking up steem on the Daily time frame.
Target
Breakout target 323. Before we breakout, we might see a low of 159.
This is where the .5 fib retracement from the ATL and the .65 fib retracement from the start of the triangle coincide with the triangle support.
Apart from this TA, GO is a project which has recently bottomed out, has a very small market cap of around 10 million and is doing fantastic FA wise with many different partnerships such as the UAE government, HBK, Dish Network and many more.
GO/BTC TA Update (Continue Uptrend?)GO/BTC
We can see EMAs cross on the Daily Time-frame signaling a change in short term momentum to the upside.
GO may have ended the deeper pullback after breaking the red color downward trend-line a few days ago.
Now that the GO is looking bullish again, It hasn't retested the key support area enough,
we could expect some minor pullback to 180 - 170 regions if GO is unable to break the previous High.
GOBTC formed bullish Gartley | Upto 28% bullish movePriceline of GoChain / Bitcoin cryptocurrency has formed a bullish Gartley pattern and entered in potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this area.
I have used Fibonacci sequence to set the targets:
Buy between: 0.00000191 to 0.00000177
Sell between: 0.00000201 to 0.00000227
Regards,
Atif Akbar (moon333)
GoChain Full Analysis After A 115%+ Bullish Wave | Target MappedI published a chart last month for GoChain (GOBTC), I remember having fun doing it.
This chart produced some nice results and I received more messages than usual asking for an update.
First, here is the previous chart, this one produced over 115% of gains:
Now, you know I don't look at charts after the bullish move is done, we like to look at them before the action so that we have the highest profits potential as well as the lowest risk, but we are going to make an exception and look at this one again while bearish due to popular demand.
GoChain Chart Analysis by Alan Masters
The first wave went for 213% from bottom to top... After a strong move, a correction follows, which is what is happening now.
Prices for GOBTC first stopped when they hit the yellow line, which is EMA50. This retrace is likely to go further until the 0.148 - 0.236 Fib. retracement range is hit, based on experience.
After this level is hit, marked with light green, we can see additional bullish action.
Conditions for change
Of course, other scenarios are also possible... If this support range mentioned above is broken, prices can move lower, just as they can bounce and start to move up again sooner than expected.
These are just projections and not predictions, we trade/make money based on candle close.
Thanks a lot for reading.
Remember to hit LIKE to show your support.
This is Alan Masters.
Thanks again for visiting, it was my pleasure to have you.
Namaste.
GOCHAIN BULISH PENNANTBINANCE:GOBTC has a bullish pennant in the making. pennant are usually continuation pattern
The trade opportunity is to go long . A safe trade is to wait for a breakout on the top resistance at 230sats and potential profit target at 290sats
$GO : Symetrical Triangle$GO seems legit but $BTC volatily is here
Play safe, wait or breakout
Not a Financial Advice
$GO, Waking up and breaking above ~142 sats resistance level $GO
Waking up and breaking above ~142 sats resistance level with nice volume...
UCTS Turning green on 1D/2D/3D/4D and all lower TFs..
Aiming for an entry on retrace to crossed level & potential flip..
#GO
GO/BTC - Watching for the Kumo Breakout!Looking for the break of the Kumo here! Could take a day or 2 set the alert at 133!
$GO - Waiting for a retestWaiting for a range retest to see if price holds this one.
If we got a R/S Flip, it coult be the first step to a new move
GoChain Low Is Likely In | 60%+ Within MonthsGoChain (GOBTC) is now moving safely above EMA50. It hit EMA100 at 0.00000119 and started to retrace.
This setup looks really good and this pair can produce additional growth.
The next barrier to break is EMA100 (blue line). Above this level, GOBTC can easily move higher and reach the 0.00000141 - 0.00000151 price range.
Below EMA100, GOBTC can either retrace or consolidate before its next move... The bulls are now in control and we expect growth in the weeks to come.
Conditions for change
The charts are always changing, every 24 hours a new candlestick is printed and what is bullish today can become something else after the close.
If GOBTC moves and closes below 0.00000099, this pairs bullishness is reduced and it can easily test lower support.
Even if a strong retrace comes, we are likely to see a bounce with good momentum up (second green arrow).
This is it for this analysis...
Thanks a lot for your continued support.
Namaste.
GO/BTC (Up to 121% Profit Target)GO/BTC
Go manage to break and close above daily down-line resistance. During months of consolidation,
This coin had a Triple bottom reversal pattern and the early sign of trend change is the Higher Low it made last week.
A good pullback would be nice for Bulls to reload their ammo because the RSI is already in the Overbought condition.
Trade setup
Buy area: 120 Sats - 105 Sats
Sell target: 138 Sats - 230 Sats
Stop loss: 90 Sats
Don't forget to click on the thumbs up button
Follow my channel for future Altcoins TA updates
www.tradingview.com
Join Free Trading Community Chat Group
t.me
Trading is simple, don't over complicate things :)
[GOBTC](100%) GoChain Starts To Move, Trade Setup @alanmastersWe've been looking at GoChain (GOBTC) on Binance since yesterday and see it slowly trying to break up... This prompted me to share a trade for it and we would like to share it with you.
Very simple & straight forward, the numbers can be seen below....
ENJOY THE PROFITS!
------------------
Trade: GoChain (GOBTC)
BUY: 0.00000280 – 0.00000320
NEXT SUPPORT: 0.00000255
TARGET:
(1) 0.00000365
(2) 0.00000425
(3) 0.00000505
(4) 0.00000600
PROFITS POTENTIAL: 100%
(Buy calculated at 0.00000300)
STOP: Close weekly below 0.00000200.
------------------
Thanks a lot for the support.
Feel free to hit like if you enjoyed the trade.
Namaste.
THIS IS NOT FINANCIAL ADVICE.
GOBTC EASY 36%Easy low risk high reward trade on GO/BTC. As you can see highlighted in white GO/BTC was in a 3 month accumulation phase. As you can see we closed below it and accumulated right under it for about 2 weeks. GO closed above the blue weekly on a daily time frame but we didn't retest the top of accumulation. We are buying the bottom of a large accumulation after it has been regained. ENTRY at 92 SATS. The first target is 125 SATS, if we break and hold above that we could be in for a bullrun. TRADE IS INVALIDATED IF WE CLOSE ON A 4HR or HIGHER BELOW THE BOTTOM OF ACCUMULATION @89 SATS. Risking ~5% for 36% Simp.
Possible breakout for GOthe price squeezed nicely with this wedge so breakout will come probably but the volume is very low and because of that the breakout might be weak but still profit opportunity looks good.
Stop level is under the wedge