Daily Wick fill + Momentum push, GNT Buy Opportunity!

28 apr 2018

Daily
Looking at our higher timeframe we can a double bottom was formed @ our 0.00002500-0.00002700 zone. Double bottom was then followed by an aggressive Higher High and Higher Low structure. Price pierced our 0.0007000 resistance, but did not close above this level. Expecting price to return to 0.00008000, followed by momentum picking up and price pushing towards 0.0001000 Stochastic RSI showing momentum is starting to head towards the upside.


4Hour
Shifting over to our pattern timeframe we get a better look at price attempting to break our 0.00006500 resistance. Minor support @ 0.00006400, price could potentially hold at this level, or we could see a drop towards 0.00006000


Hourly
Finally looking at out trigger timeframe we can see price is stuck in a consolidation between 0.00006350—0.00006650. Minor support @ 0.00006350 and secondary support @ 0.00006050 Stochastic RSI showing bearish momentum has slow down and almost bottomed out.

Conclusion:
Buy: After break and close above 0.00006650 on the 4hour
Sell: NO NO NO