STALKING LIST : GNO/BTC - AT A SUPPORT LEVEL - SIGNALS.
Gnosis has tumbled almost 23% since its peak a day and a half back. It has promptly returned to the kijun-sen since but has stayed above it. This is the 4H chart using the ichimoku which shows the price at a point of equilibrium/ support :
As you can see, a kijun bounce seems to underway, and we can expect the price to move up soon. The reason I say this is :
(i) Price is at a support level, being the kijun sen. ( Remember, buy the support, sell the resistance.)
(ii) it has stayed above this level and not broken through, which means the support should hold.
(iii) the kumo future looks green.
(iv) the 1D chart below confirms the bullish trend :
The signals to note here are that the price is above the cloud, the future is green and the price is breaking bull fractals, so a positive market structure.
Enter the market using the 4H chart on a green candle.
Never heard of a kijun bounce, but since you're interested in Gnosis checkout our writeup...
If you are interested in a short to medium speculative trade in Gnosis in early 2018:
https://steemit.com/cryptocurrency/@harpooninvestor/gnosis-a-near-term-and-medium-term-call-to-buy