This is a daily chart of GNOUSD on Kraken.
Looks like volume is coiling between an uptrend (green) line and a downtrend (red) line.
Don't be surprised if you see a BIG move at the end of this coiling.
Looking at price, based off of the Fib drawn from the high around $26 and the low around $13,
we see some clear resistance at 0.382, a common area of resistance.
If price can clearly break this resistance along with bullish market structure (i.e double bottom w. breakout),
and volume looks bullish, it's a good call to buy some.
Until then, pay attention.
Looks like volume is coiling between an uptrend (green) line and a downtrend (red) line.
Don't be surprised if you see a BIG move at the end of this coiling.
Looking at price, based off of the Fib drawn from the high around $26 and the low around $13,
we see some clear resistance at 0.382, a common area of resistance.
If price can clearly break this resistance along with bullish market structure (i.e double bottom w. breakout),
and volume looks bullish, it's a good call to buy some.
Until then, pay attention.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.