GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications.
- Build decentralized applications and rock solid smart contracts
- Fully compatible with existing Ethereum wallets, smart contracts and other tools
- Fast transactions and high volume - 5 second blocks, 1300 tps
- Low fees - 7500x cheaper than Ethereum
If you are interested in reading more about GoChain here is the official site: https://gochain.io/
What do we know so far about GoChain:
- Rank 202 according to CoinMarketCap
- Market Cap : $13,377,440 USD ( 3,368 BTC)
- Volume (24h): $1,402,229 USD ( 353.05 BTC )
- Total Supply: 1,033,931,422 GO
- Circulating Supply: 684,748,988 GO
- GoChain Price : $0.019536 USD
https://www.kucoin.com have a special promotion going on. They are offering zero trading fees for GoChain for a limited time!
Let's take a look at this chart:
On the chart above we can see:
- the consolidation for GoChain it's over and a new uptrend it's about to happen.
- you can also see that we just hit the all time low!
- the green line indicates our support which can be used for our stop loss( below the green line)
- the brek out from the channel gave us a strong reversal signal!
Usually, the history repeats itself, so if we hit the bottom line, then, there is only one way to go!
Did you figured out?
Yes, of course, we are going up!
The 1,2,3,4,5 for me, it is not necessarily the elliott wave , it's more like a magnet mode to figure out where can I place my buy and sell orders, all the way up!
In the left side you can see the movement from the past and on the right side you can see ' the future movement' or at least my view for GO! I also used the fib. extension level for this next wave up! This being said, I hope you will enjoy this idea as much I do.
A clearer view of the chart
Trading is for all, but what about the profits!? Have a great trading time!
Disclaimer :
My posts are never financial/invest advice! For a favorable outcome, make your own research! Never invest more than what you can afford to lose. Don't forget, it's all about positive thinking and patience!
Remember, you should always use a stop loss!
Feel free to share your thoughts on the comment section below.