💎Looking at the past 3 months' price action, we can observe a significant support area near $105, tested twice. Notably, the price also rejected the 200 Simple Moving Average during the second bounce, indicating strength.
💎After the bounce, a corrective phase followed, and the price found a clean bounce off the 88.6% Fibonacci support level, which is now a critical level to monitor.
💎#GNO and most other coins have been consolidating for the past 6 days, indicating an impending end to the range trading phase. And now there are two high-probability scenarios to consider.
1️⃣ First, a potential uptrend may emerge, with the price aiming to reach one of the double Fibonacci resistance levels, offering a possible rise of 15%.
2️⃣ Second, there is a possibility of a downward move, potentially breaking below the uptrend trendline before the uptrend continues.
💎The bullish scenario would be invalidated if #GNO breaches the $106 support level.
💎After the bounce, a corrective phase followed, and the price found a clean bounce off the 88.6% Fibonacci support level, which is now a critical level to monitor.
💎#GNO and most other coins have been consolidating for the past 6 days, indicating an impending end to the range trading phase. And now there are two high-probability scenarios to consider.
1️⃣ First, a potential uptrend may emerge, with the price aiming to reach one of the double Fibonacci resistance levels, offering a possible rise of 15%.
2️⃣ Second, there is a possibility of a downward move, potentially breaking below the uptrend trendline before the uptrend continues.
💎The bullish scenario would be invalidated if #GNO breaches the $106 support level.
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✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
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Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.