GXChain Ascending Triangle Breakout, Potential Jump Ahead!

16 Mar 2020

GXSBTC (GXChain) is breaking out of an ascending triangle pattern, this can lead to a strong jump... Let's take a closer look at the charts.

GXChain Chart Signals Analysis

Prices for GXSBTC are now trading above EMA100 while challenging resistance after resistance.

Momentum for this altcoin pair has been picking up slowly but steadily, meaning that if the bulls follow up a strong "jump" is what follows, a nice increase in prices.

Conditions for change
If the momentum is lost and prices move below 0.00004943, the above signals become invalid and the bears start to exert pressure, a new analysis would be needed to determine the next move.

Thanks a lot for reading.

Namaste.

24 Mar 2020

Not

Enjoy the profits.

TARGET:

1) 0.00006666 |Hit 24-Mar. (+29%)
2) 0.00007150
3) 0.00007850

24 Mar 2020

Not

TARGET:

1) 0.00006666 |Hit 24-Mar. (+29%)
2) 0.00007150 |Hit 24-Mar. (+38%)
*) 0.00007475 |Hit 24-Mar. (+44%)
3) 0.00007850