Trading Setup Long call on GAS Price 18/12/17

in #cryptocurrency6 years ago (edited)

GAS_18_12_17.jpg

Current Situation: GAS Price 38.40 USD, 0.002 BTC, Marketcap 336 mio.
Trading Setup: Downline Trendline got broken plus new all time high in USD terms, expected recovery to the 0.38% Retracement Target around 0.004 BTC

Open Trade: at 0.0016 BTC breakout above Trendline and minor high at 0.0015
Stop Trade: at 0.0012 BTC
Target: 0.004 BTC
Risk / Reward Ratio: Risk 0.0004 BTC, Reward 0.0024 BTC, Ratio 1:6

GAS Price has seen a pretty nice run up yesterday over the last all time high at around 36$.
NEO the token that creates GAS for staking has already moved 50% over its previous all time high to 75$.
In this situation GAS looks like it could achieve the same performance like NEO did. And remember that NEO is a Development plattform like Ethereum but more for the china people. The utility token is GAS the equivalent to Ether. That means if NEO is going to be successful in the future every Software Developer will need to buy GAS in order to interact with the NEO Blockchain. Many people speculate that GAS could even become more valueable than NEO tokens at the beginning.
The difference in Marketcap is more than 12x so therefore this Tradingsetup could also be a great investment for long term holders!!!

Please leave your comments and ideas to this trading setup below and don't forget to upvote, resteem and follow!!!

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This post has received gratitude of 1.00 % from @jout

Thanks for your post and your recommendation! I am very glad, that I have found your blog here on steemit. Very happy to follow a long-term trading expert like you.

This post has received a 5.38 % upvote from thanks to: @masterthematrix, @eutectico.
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The Trade is still running. We have seen a dip in GAS/BTC price to 0.00159BTC and are now climbing back up. Unfortunately we have lost quite some value in USD terms but I'm confident that GAS will outperform BTC when the recovery move starts

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