Neo GAS / BTC / USD - Regular Bullish Divergence

Following a massive 99% correction in price action and oversold condition (orange column), there now exists an “incredible buy” opportunity.

On the above 5-day chart price action prints a regular bullish divergence with the oscillators (all three of them, RSI, St RSI, & MFI). A divergence with all three oscillators on the 5-day chart is powerful.

Currently the alt-coins (some not all!) are showing bullish divergences with price action returning to their previous highs. On the 5-day dollar chart below you can see a trend reversal is in play with a recently printed higher low.

Neo Gas market capital is very small and it is clear there’s been a lot of accumulation during the consolidation period. As a result price action will likely move up very rapidly when volume comes in.

1st target - 27k sats / $31 dollars

Trade ist aktiv

Trade ist aktiv:

A very impressive test of support on the daily combined with the above divergence. Given the market capital I suspect price action will move quickly, don't be in the rush for the exit when that happens.