FX_Academy

GXChain (GXS/BTC) interacting with baseline support

BINANCE:GXSBTC   None
The price of GXS is currently interacting with baseline support line and is below 0.236 Fibonacci retracement level. However, I believe that this will close as a wick and that this baseline support line is going to hold, as it did in the past. I have labeled a bullish scenario which is my primary - in this scenario the price action leaves a wick as it did in the past and breakout from the triangle from the upside; and a bearish which is my secondary - in which the price doesn't go back up, but rather continues down further to the next support.

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