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Cryptocurrency
by Seth Parker on August 24, 2018

Gas Analysis – Buy signal is so close…

Crypto market is flat today, at least on the biggest instruments on the list. Most probably, you are not interested in the movements of 2-3%, so today, I wanted to show You the coins that are the most volatile at the moment. First analysis was about the CyberMiles and the second one is the GAS, which today is up almost 9%.

It is the first time that we will talk about this crypto, so we do not have a quote from the previous piece. OK, on Friday we are climbing higher but does that mean that we have a but signal? Not yet. The price indeed is aiming higher but is still below an important resistance. Actually two of them. First one is the horizontal one on the 6.2 USD (yellow) and the second one is the down trendline (black).

gas chart

As long as we stay below those two, the sentiment is negative and we should see the further decline. Only the price closing above this area will be a buy signal but we still need to wait for that.

By Seth Parker

Seth is a professional trader with over 10 years of experience. He specializes in the technical analysis. His main focus is on the pure Price Action. In his trading, Seth used the trends, supports and resistances and technical formations. Always, the most important thing in his strategy is the money management. Seth reached a proficiency in trading and for the past three years is doing that for a living enjoying the sun and lovely beaches of the Spanish coast.

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