Hi folks,
As requested here is a recap' on Gulden.
1) Merry Christmas 🤶
First after a long period of 'flat line' between 9 and 7 cents (€).
NLG/EUR went 3 times up, from 8 cents TTR (Tight Trading Range) to 24 cents !
Volume increase is probably due to people growing impatient on an 'imminent' major update (Gulden2.0) with pow2 (https://www.gulden.com/pow2), SegWit, 1 confirmation, etc.
2) Were are we at now ?
- EUR wise:
Price went in uptrend phase, made some first pullback around 14 cents and kept going up. Pink line show long term TrendLine. Orange areas are support zone.
Currently price is in accumulation phase below 25 cents, and probabilities are it'll keep going up. 31 cents (🤪@Jean-Luc) does make sense and 45 cents area carries an important psychological value (Peg price of the old NLG/EUR, ndlr). While 45 cents seems far away it's important to note that Stacking/witnessing introduction with pow2 could have an large influence on trading, we'll see...
- BTC wise:
TA is a bit more challenging here but nothing unusual.
First price broke historic level of 2000sat area before going back there (don't you see a parallel on this situation with Altice Stocks 😗).
Globally a large 2 legged downward correction from 5000sat area just ended. TL break was 'strong and significative'. Price is now toping an area that those we have been following me know very well: the 2200sat (Gulden loves 2200, 4400, etc) 'Killing Zone'.
PA Logic would want that price will now make some pullback from the stepper green line. Probably around the bottom pink lines.
This will be equivalent to the 14 cents pullback we just talked about. So yet this 'dip' will represent a very nice area for a 'second entry'/continuation pattern toward at least 5500 (there are unfilled trades there !).
Coming days/hours should be interesting for NLG/BTC (still 50% of market trading).
And it should offer some very nice high reward (R:R) and high probability trades !
Don't hesitate to join us on Telegram, upvote, share and ask questions in comment section.
Much love
Cedric
Tatch Capital Limited
[TCN]: Tatch Convertible Note (aka TatchCoin)
https://tatchcapital.com/token.html
[bitEUR/TCN]
https://wallet.tatchcapital.com/market/TATCHCOIN_EUR
GuldenTrader
GuldenBites
All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".