GO/BTC dipped hard during the fork days together with nearly every other altcoin but it recoverys very well.
It is moving in a smaller channel which is forming a wedge with a lot of resistances and support lines, some horizontal some regular lines...
This construct is wrapped buy a possible bigger channel, which is forming nothing and looks like a legit channel.
It expect it rebounding to older highs like I draw in my chart. It will need some "time" but we already now: GO/BTC is very volatile and is moving fast.
Personally I expect to hit 1200sat levels in the next 36 hours and hit 1300 in the next 3 days.
My analysis should be very accurate and it even could full-fill much faster.
Later on I see much higher fibonacci induced targets due to our previous highs at approx. 1360sats.
All my analysis on GO were correct in the past and I hope it is going on.
follow me if you like my analysis to be always updated.
namaste.
הערה:
THX to BTC
