Long
Gnosis Support Rejected
Yesterday Gnosis has reached the low, hitting $45.5 level. This support is confirmed by the 327.2% Fibonacci retracement level applied to the corrective wave up after the ascending channel breakout.
Evermore, GNO/USD has reached the bottom of the descending channel, rejecting the lower trendline. Today, as can be seen, after the very clean rejection of the support, price is rising quite rapidly, which could mean that the trend is reversing to the upside.
At the same time prior to reversal a consolidation period could take place, where Gnosis will stay around $50 area. But, if price stays above the $45.5, without the daily close below that level, the probability of a trend reversal will remain very high.
Evermore, GNO/USD has reached the bottom of the descending channel, rejecting the lower trendline. Today, as can be seen, after the very clean rejection of the support, price is rising quite rapidly, which could mean that the trend is reversing to the upside.
At the same time prior to reversal a consolidation period could take place, where Gnosis will stay around $50 area. But, if price stays above the $45.5, without the daily close below that level, the probability of a trend reversal will remain very high.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.