Seems our latest TA and recap on Gulden was on point 😝
NLG just skyrocket above 31 cents on a strong momentum.
As you can see the support trendlines fan (orange lines) is making a nice and equilibrate slope. After months of range, price is now in trend.
Price went to test 3300 sat and will probably retest it. (remember what we said about 2200, 3300, 4400, 5500 sat, etc ?).
Yet price didn't retest it's low since the break, so that correction is underway (like explained in previous posts). That dip shall present some great opportunities to go long at reduce SL for a great Risk/Reward ratio.
We "know" since months (6 to be exact) that price need to go to 5500sat...
On NLG/EUR it's more difficult to show as we are in new price discovery. Yet it will basically work 'like' this: after this 3 pushs up (first level), price will make a small correction/re-accumulation and make another level.
Conservative traders will take some partial profit, but again next phase is (highly probably) a re-accumulation phase (it will probably more or less correspond to pow2 release and people getting used to it).
45 eurocents remain is the next 'psy-level' to watch. For the rest, lay down, sit back (on your hands) and enjoy a nice week-end 😎
Cedric
https://tatchcapital.com/token.html
https://wallet.tatchcapital.com/market/TATCHCOIN_EUR
http://guldenbites.nl/en/
All disclaimers and common sense apply.
No advise, just personal commentary.
"Never go full retard".
