Glitch (GLCH) - Bullish divergence / $10 target by end of May

** warning low market cap - small position size only! **

On the above 1-day chart price action has corrected almost 90% since mid-November. Now is an excellent time to be bullish. Why?

1) Price action prints a ‘incredible buy’ signal. See 2-day and 1-day dollar and BTC pairs below.

2) Regular bullish divergence. Multiple oscillators are printing bullish divergence.

3) Price action bounced strong from the 0.786 golden ratio.

Is it possible price action falls further? For sure.

Is it probable? No.

An entry from 38 cents is excellent. But don’t be concerned about timing the market.

The target comes from the 1.618 Fibonacci extension (which also caught the last top @ $2) as measured from the November peak to the current bottom, assuming it is in at 35 cents. The target interestingly enough is also the trend line resistance.

Good luck!

WW


2-day & 1-day dollar and BTC pairs

交易進行:

The 3-day dollar chart for this token should anyone be still interested has printed a strong buy signal.

評論:

2-day chart