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GO Chain in a tight situation
Go Chain now around the Fib 0.618 level and Bollinger Bands also in a very tight situation now. This fib level is very important for GO and it has two possibility:
1)- If fib .618 level works as support it can do a perfect Bullish Bat Pattern and the price can go 815.
2)- If it goes below this fib level it can turn a bearish ABC Wave and the price can go below 500.
I am bullish and think first scenario has more possibility. Stop loss 615.
1)- If fib .618 level works as support it can do a perfect Bullish Bat Pattern and the price can go 815.
2)- If it goes below this fib level it can turn a bearish ABC Wave and the price can go below 500.
I am bullish and think first scenario has more possibility. Stop loss 615.
Note
The price is moving between fib 0.618 and 0.5 levels. Volume has decrreased and bearish momentum has gone. MA100 crossed MA200 in 4h chart and it can be a bullish signal. Waiting for new big move. I am bullish but don't forget to use stop limit. And it is not an investment advise only my opinions.
Trade fermée: ordre d’arrêt atteint
stop reached 615 and trade closedNote
GOBTC bullish and bearish signals
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.