Market Cap:
$0.00
24h Vol:
$0.00
BTC:
$0.00
ETH:
$0.00
COV:
$0.00

BTGUSD

PAIR:BTGUSD

EDGE TO EGDE CALLS
EDGE TO EGDE CALLS
With a low of $39, price has moved up to gain a consolidation zone between $88 down to $66. The pennant flag pattern and tyhe ichimoku doubled cloud settings will be used to determine the movement of price.
 The pennant flag pattern
As always flag looks more like a symmetrical triangle on top of a pole(a spike in price move up).Still consolidating inside the flag and waiting to breakout.the measure move of the height of the pole to the flag will always be the target if price breakout of the flag.
and as well the oscilator is fully oversold, also calling for move to the upside.
 The ichimoku doubled cloud settings
As it is clearly seen, price has broken the cloud resistance and it is inside the cloud and at the same time has closed inside it.
The trade set up is called THE EDGE TO EDGE TRADE. when price enters into the cloud and closes inside it, there is high probability that it will reach the upper resistance cloud.
 This BTGUSD set up is also the same set up shown on the BTC pair.
 THE BTC PAIR CHART IS SHOWN BELOW:


But in the btc pair price havent entered the cloud, it is still below the cloud with TK bullish crossing below it.

In the USD pair, the cloud has turned to a strong supoort level whic it is currently holding on to.

Technicals suggest that price is becoming fully oversold and 2 major targets will be achieved only when price break out of the pennant and closes outside it.

VERDICT:
BUY : USD : 82USD
          BTC : 0.00833036sats
SELL: USD : 139usd up to 200usd
          BTC : 0.01181196sats up to 0.01620195sats

 

Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. Trader should be able to manage risk.

$COV HODL