NeoGas | Is It A Bear Or A Bull? 50/50

Тема в разделе "English", создана пользователем Trading Ideas, 27 фев 2020.

  1. Trading Ideas

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    NeoGas | Is It A Bear Or A Bull? 50/50
    Gas / Bitcoin BINANCE:GASBTC
    alanmasters
    PWGJwTh9_mid.png
    Let's take a look at the NeoGas ( GASBTC ) chart.

    Here we have strong bullish action happening now but things can easily change... Let's take a closer look.

    GASBTC is now in an uptrend and completing a strong retrace.

    After the peak on 16-Feb., prices dropped below EMA300 until they hit 0.0001681 or EMA50. As soon as EMA50 was hit, a strong bounce started to take place. (EMA50 also coincides with the 0.618 Fib. retracement support for the last bullish wave, adding additional value/strength to this price level).

    MA200 has already been conquered ( bullish )...
    On this setup, prices can easily continue growing and multiple signals are now pointing to just that, additional growth.

    EMA300 at 0.0001940 is our main indicator right now...
    • Above this level, GASBTC can easily continue growing.
    • Below this level it can continue to retrace.

    The orange trendline can also be used/counted for support.

    This is not financial advice.
    Remember to always have a trading plan/strategy if you decide to trade.

    Remember to hit like if you would like to send us some LOVE!

    Namaste.
     
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