TomoChain (TOMO) / Bitcoin

** A quick idea **

Disclaimer: Please do your own research I’ve no idea what this project is about.

A number oversold alt coin / bitcoin pairs are standing out at the moment, not all, but a few. This is one of them.

On the above 1-day chart price action has corrected 45% since late July. A ‘incredible buy’ signal just printed with a Stochastic RSI crossover (The green shaded area in the purple circles) - look left.

The buy signal triggers at the same time price action lands on the golden ratio 0.618.

Lastly the price action on the weekly chart (below) is testing support as before twice previously.

Target? 7k sats at first.

Good luck!

WW


Weekly chart:

İşlem elle kapatılmış:

Broken market structure on the 2-week chart.