I have been looking into long term hold coins and i came across Genesis Vision. A company who wants to bring traders and investors together for a single location to trade across exchanges. The monthly chart has shown a nice steady uptrend, something I look for when looking into a company for a long term hold. On Binance, it has reached the previous highs though has begin a small retracement. IT has been riding the upper band which tells me that it should start to fall soon. RSI
is in the oversold area and started to fall but not by much so far. I am looking for an entry and since we are at new highs I am waiting to see if we break the all time high first based on tomorrows candle. If we do not, I will look to get in near the 23% fib line, approx 33.2k Sats
. Even if it falls lower, the next line of historical resistance is near 29.1k though there is another Fib line near 30.6k sats
that can act as another line of support. If buyers continue to push the market up, I have an experimental fib extension area set and if the next candle holds above the new all time high, then I may enter their. Either way i believe no matter where I enter, this coin will be a good long term holder.