Cup and Handle formation forms on the above 1-day chart after a 40% correction from late August with a target of $460. Trade becomes valid after a break of resistance with price action around $275.
Bonus?
There’s something else on the Gnosis / BTC pair worthy of attention. On the weekly chart (below) price action made an impulsive break of the 100-week EMA (Cyan line) following a cross up of the 50-week EMA (green line) by the 21-week EMA (circled in purple). This is super bullish.
A large move in price action should now be expected once price action confirms support on the 100-week. Currently there are a handful of alt-coins in this position. If you look you will find them! Some examples below.
Good luck.
WW
Gnosis 100-week EMA break
Here is an example from the weekly AAVE chart once the 100-week EMA is broken, a 3000% move against BTC.
And VEChain
Bonus?
There’s something else on the Gnosis / BTC pair worthy of attention. On the weekly chart (below) price action made an impulsive break of the 100-week EMA (Cyan line) following a cross up of the 50-week EMA (green line) by the 21-week EMA (circled in purple). This is super bullish.
A large move in price action should now be expected once price action confirms support on the 100-week. Currently there are a handful of alt-coins in this position. If you look you will find them! Some examples below.
Good luck.
WW
Gnosis 100-week EMA break
Here is an example from the weekly AAVE chart once the 100-week EMA is broken, a 3000% move against BTC.
And VEChain
Trade closed: target reached
Kaboom. Target squired.Is it possible it continue up? Sure.
Is it probable? 50/50, that's not trade to risk those gains on. There's better options out there.
Note
If you're still in this trade, a trip down to $330 seems highly probable with the close of the weekly candle.Trade closed: target reached
Back at resistance with sell signal as before, look left.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy
Weblink: patreon.com/withoutworries
Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.