Gnosis Channel Pattern forming & Expecting Breakout +60% PROFITGnosis Trading within the Falling Channel Pattern and Expecting Breakout. Channel Top is the 1st Target. If Breakout above the Channel Pattern, then the market continuously reaches the 2nd and 3rd Targets. Offering the chance to make +60% Percentage Profit.
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GNOUSD trade ideas
GNOUSD Analysis: Strong Support and Bull Run Targets for 2025Gnosis (GNO) is a promising new project with significant potential during the bull run. Historically, new projects tend to surge during bullish markets. GNO's role in the Gnosis network is pivotal for maintaining and operating various activities that generate value through market events and speculation. With a maximum circulating supply of just 3 million tokens, GNO stands out for its scarcity and growth potential.
Currently, GNO has strong support at $278, making it a key level to watch. Should this support hold, we can anticipate a substantial gain. If the $278 support breaks, the next strong support lies around $232, from where a bounce is likely, especially as the altcoin season, typically characterized by high market volumes, approaches in Q4 2024.
Based on our analysis, GNO's bull run targets a minimum of $2424. If GNO flips the $2425 resistance by Q1 2025, the maximum target is $2682. The altcoin season often brings unexpected pumps, and we expect similar volatility in this market cycle. Therefore, monitoring resistance zones closely and planning exits from long positions around Q1 or Q4 2025 is crucial, as the bull run may conclude by then.
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GNO Squeezing Upward Many people like to trade using short squeezes. Rather than entering when the financial instrument is in consolidation stages, we enter when the squeeze has broken out (short squeeze is in play already), but has pulled back to the EMA. Using the most recent low and most recent high, we can predict the price target through the use of Fibonacci levels. For some it doesn’t work as successfully, because the tool is used at the wrong market conditions. When volatility is there, it is a very accurate tool.
Gnosis - GNO Retrace after PumpOutside side of black swan I think we can see a common 50% retrace of the move (170-180) range. If there is some bearish news/narrative we could see a more aggressive move downward, and if the pre/post having black swan event happens like it did in 2020, 2016, and 2012 then we could see a revisit to the low 100's to 90's but thats a bit of a hopium.
Plan -
Small amounts and DCA in 170 range or lower
Increase DCA amounts anything under 125
Anything sub 95 deploy all allocated capital.
Gnosis (GNO) - Cup and Handle + bonusCup and Handle formation forms on the above 1-day chart after a 40% correction from late August with a target of $460. Trade becomes valid after a break of resistance with price action around $275.
Bonus?
There’s something else on the Gnosis / BTC pair worthy of attention. On the weekly chart (below) price action made an impulsive break of the 100-week EMA (Cyan line) following a cross up of the 50-week EMA (green line) by the 21-week EMA (circled in purple). This is super bullish.
A large move in price action should now be expected once price action confirms support on the 100-week. Currently there are a handful of alt-coins in this position. If you look you will find them! Some examples below.
Good luck.
WW
Gnosis 100-week EMA break
Here is an example from the weekly AAVE chart once the 100-week EMA is broken, a 3000% move against BTC.
And VEChain
Long Term Accumulation GNO - I think a not so well know project that is acting as a test net for ETH 2.0 is GNO Gnosis...
I dont think the bull run in the industry is over....but unless it 10X-20X from here my long term targets is the 70-10 range (big range I know) Any ways if that is a Head and Shoulders 240 is the neck and could break down it 240 breaks then 160-130 is the next rage. (I might pick up a few 10 or 20 here... might be premature...but again I am looking at this project LONG LONG term
But I think in crypto winter it will hit these levels...and I am saving up as much money as I can to then purchase GNO to launch as many validators that I can. I hope to run upwards of 500 GNO validators before 2025 (when I think the netx bull run will really take off.
My plan is to get 500 GNO validators at an average price of $40 costing me around 20K.... best case situation 16% APY - earning me 80 ish GNO a year... and then ideally if it reaches prior all time high my roughly 800 GNO over 4 years (500 + (80 gno per year for 4 years) I would then have at a price of $675 over half a million in GNO.
I know these are all just my long term fever dreams of speculation but it is important to have a long term realistic plan for when / if the sky falls.
Gnosis back above a key support levelGood to see KRAKEN:GNOUSD back above the 10EMA (weekly). The token managed to quickly come back above the 40EMA & that grabbed my attention, I bought it. It has been trying to stay above this level in the past few weeks, although it dipped below at some point, it still closed the week above this level. Now it's above the 10EMA, waiting to see this weekly close.
The W pattern studyW pattern is directly opposite of the M pattern as you could probably assume
Using GNOUSD as an example we can see the W breaking out and completing its formation
In doing this it seemingly forms what I would call a 'Handle' for the pattern
Observing this allows the comparison between the two patterns (W and Cup and Handle)
Also the observation of a clear cut Top, similar to the cup and handle
Outlined on chart 1,2,3 are my key takeaway points that I have come to believe
Gnosis Looks Ready to Boom!Alt season is here folks. Gnosis broke out of consolidation and is now entering its parabolic run phase. Only a million and change gnosis coins in circulation and plenty are being hoarded. Very tight supply in a soon to be alt coin mania = stonks. Definelty worth the yolo buy a few while there cheap. Apes together strong.
Gnosis (GNOUSD): Coiling Volume.This is a daily chart of GNOUSD on Kraken.
Looks like volume is coiling between an uptrend (green) line and a downtrend (red) line.
Don't be surprised if you see a BIG move at the end of this coiling.
Looking at price, based off of the Fib drawn from the high around $26 and the low around $13,
we see some clear resistance at 0.382, a common area of resistance.
If price can clearly break this resistance along with bullish market structure (i.e double bottom w. breakout),
and volume looks bullish, it's a good call to buy some.
Until then, pay attention.
GNO - Making a moveSome strong movement on GNO/USD. Looking to break past the 13.30s which leaves clear space all the way up to the 14.00 range. Multiple strong signals. Stock, RSI , and MACD. 5 Day EMA still above 12 day. Keep an eye on daily and 4 hour time frames.
Set up invalid if we can't break 13.34 and reject down past yesterday's open.
GNO Uptrend please long Target 1000 USDFirst aim to ATH to be broke, and aim to 500 USD
Of course this can go to 1000 USD.
Good luck
I Called since 60 USD.
Gnosis Is Up To $500?Following the double bottom formed at $50 support area, Gnosis moved higher, breaking above the downtrend trendline, then 200 Moving Average and Finally above the descending channel. These facts can not be ignored and should be considered as a potential beginning of the uptrend.
The nearest resistance for GNO/USD is at 127.2% Fibonacci retracement level applied to the corrective wave after the downtrend trendline breakout. The second much stronger resistance is at 227.2%, which is $233 price level. It corresponds well with the upper trendline of the extended descending channel and previous resistance formed in August.
If the $233 level is reached and broken, much more upside potential will present itself where Gnosis could rise up to the $500 mark where two Fibonacci levels are inline with each other. First 627.2% and second is 127.2% applied to the all-time high $400 down to the current support at $50. Only a break and close below the $80 support could invalidate bullish outlook.
GNOSIS USD DAILY 280 120 140 160
BREAKOUT TODAY
FIRST LOOK, NEED TO KNOW REASON FOR BREAKOUT BEFORE RECOMMENDING