GAS/BTC rallied sharply during the 11/17 session. But it retreated from around 0.00366 BTCs (a previous resistance) during the start of the 11/18 Asian session.
- The 4H chart shows that price action has been turning from bearish to sideways.
- It would be too early to call this bullish, but there signs that it could be gearing up for a longer rally.
- However, without enough clues, we should probably be conservative with the bullish projection.
- Also, we should probably wait for a deep correction so that if we are wrong and GAS/BTC continues to fall, we limit our risk.
- Entry: 0.002500
- Stop: 0.002050
- Target 2: 0.003600
- Target 3: 0.004100