GoChain : Most Promising Trade of November
- Nouvive & Nouvive research say this is the most promising trade of the month.
- The Technical analysis and market sentiment both point in that way.
BREAKING. FOR IMMEDIATE TRADE AND INFORMED DECISION.
What does the Technical Analysis Say?
- The RSI Stochastic on the 1D Higher time frame illustrates that as soon as the dump has finished, roughly between $0.05 and $0.065, $GO is ready to pop.
- The fibonacci on the Higher time frame, illustrates that Go will finish cooling off between 0.618 which is just under $0.065 and/or 0.5 Fibonacci which is $0.055.
- Realistically, if BTC pumps higher than $6450, closing the week above this, Nouvive research sees that the best area to enter is $0.065 – especially as that rests just above the 15Moving Average.
- Any trade or investment entered above the 15MA illustrates that there is a high chance there will be Zero drawback – meaning that we won’t see below $0.05 unless BTC goes under $6000.
- The OBV that illustrates open interest within the mark illustrates that over the past 1 month, GO has been heavily accumulated.
- This is also shown in the high volume that is showing that accumulation will soon be over.
- Nouvive sees individuals who want to stay safe to enter a trade at $0.05 as there is a volume gap there.
What does Nouvive Research say?
The team have looked into the Market sentiment and their individual groups. They have found out that there is in fact only a small group of individuals into this trade. They have commented that the large volume illustrates that there is promising news coming out shortly.
What does Nouvive say?
There is a large room for trade between $0.05 and $0.06, a take profit cannot be given at the time of writing as there is no historical trades.
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