Long
Oh That Price Action, $GNT
Weekly
Looking at our highest timeframe we see price formed a double bottom on the weekly off our 2000 support zone. Price made a run up to 12000 satoshis, and since has retraced and found support at our 7500 support zone. Stochastic RSI showing momentum has shift towards the upside, has temporally slowed down. Price showing no signs of slowing down, expecting a higher high to be formed soon.
Daily
Shifting over to our pattern timeframe we get a better look at or double bottom. We also see price forming higher high and higher lows. A daily close above 7250 satoshis activates our trade. Stochastic RSI showing momentum is heading towards the upside.
4Hour
Finally looking at our trigger timeframe we see price has broken our minor downtrend and rest our 6000 zone for support multiple times. A 4hour close above 7250 activates our trade. Stochastic RSI showing us bullish divergence, expecting a breakout soon.
Conclusion
Wait for 4hour close above 7250
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