GOBTC getting ready for upward movement
Hi there.
GOchain is currently testing out the support level.
This support level has been a strong one which held GO up from around August to September.
Right now on the 4H timeframe GO seems to be in an uptrend.
Currently it is on the bottom of the Bollinger Bands with an RSI at around 43.
GO recently tested this support zone twice on November 25th and 27th.
After testing it on the 27th GO went up 24% in 2 days testing the second target at 940 sats.
You can wait a few more hours to get more certain signs of the support level holding up. GO is not showing any signs of big panic which could lead to support breaking, but instead is following BTC movement which is in an upward trend (correction for recent dump).
This can be traded by buying between 770 to 835 sats.
Target 1: 885
Target 2: 940
Target 3: 1040
Stop Loss: 745 sats.
GOchain is currently testing out the support level.
This support level has been a strong one which held GO up from around August to September.
Right now on the 4H timeframe GO seems to be in an uptrend.
Currently it is on the bottom of the Bollinger Bands with an RSI at around 43.
GO recently tested this support zone twice on November 25th and 27th.
After testing it on the 27th GO went up 24% in 2 days testing the second target at 940 sats.
You can wait a few more hours to get more certain signs of the support level holding up. GO is not showing any signs of big panic which could lead to support breaking, but instead is following BTC movement which is in an upward trend (correction for recent dump).
This can be traded by buying between 770 to 835 sats.
Target 1: 885
Target 2: 940
Target 3: 1040
Stop Loss: 745 sats.
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