BUY IN: 0.00004500 - 0.00005000
SELL OUT: 0.00006000
FALL LOGIC
∎ GTO falls to its support level around 0.00004500 - 0.00005000
We can tell this from:
- High divergence on the Bollinger Bands,
- A high oversold reading on the RSI
- A TBC or Three Black Crows candlestick pattern (initial quick decline to previous support line)
RISE LOGIC
∎ GTO then begins to rise to its next support level at 0.00006200 but we want to sell before that!
We can tell this from:
- A TBC or Three Black Crows candlestick pattern (although this signals the initial decline to the previous support line, it also signals bearish reversal at after that point)
- A Ichimoku Cloud cross-point from red to green (not shown on this chart because it would look too messy, but feel free to check your own chart for this cross-point)
SELL OUT: 0.00006000
FALL LOGIC
∎ GTO falls to its support level around 0.00004500 - 0.00005000
We can tell this from:
- High divergence on the Bollinger Bands,
- A high oversold reading on the RSI
- A TBC or Three Black Crows candlestick pattern (initial quick decline to previous support line)
RISE LOGIC
∎ GTO then begins to rise to its next support level at 0.00006200 but we want to sell before that!
We can tell this from:
- A TBC or Three Black Crows candlestick pattern (although this signals the initial decline to the previous support line, it also signals bearish reversal at after that point)
- A Ichimoku Cloud cross-point from red to green (not shown on this chart because it would look too messy, but feel free to check your own chart for this cross-point)
Commentaire:
If for some reason you haven't sold this coin when it reached the SELL OUT zone, then sell it right now for sure. I'm seeing a double top reversal pattern and this signals a bearish slope down to the beginning of the "M" shape likely around 0.00004000.