Let’s take a look at the NeoGas ( GASBTC ) chart.
GASBTC is now in an uptrend and completing a strong retrace.
After the peak on 16-Feb., prices dropped below EMA300 until they hit 0.0001681 or EMA50. As soon as EMA50 was hit, a strong bounce started to take place. (EMA50 also coincides with the 0.618 Fib. retracement support for the last wave, adding additional value/strength to this price level).
EMA300 at 0.0001940 is our main indicator right now…
- Above this level, GASBTC can easily continue growing.
- Below this level it can continue to retrace.
This is not financial advice.
Remember to always have a trading plan/strategy if you decide to trade.
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