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Here’s a full TA report of $GIGA
What we see here is we just broke a downtrend since August 16th to the upside.
We have bullish MACD divergence, which means that buy momentum is increasing but the price isn’t, which is bullish because it’s due for a correction to the upside. (the yellow lines)
We see here in the W%R (similar to RSI) has been oversold, which means it’s ‘undervalued’ and likely to bounce or rally to the upside. (purple indicator)
We also see here the green zones marked on the chart, these are fibonacci levels which price is likely to revisit. As we can see price has indeed revisited both of them which is a good buy location.
And finally, it is forming an inverted head and shoulder pattern, bullish.
The only thing that’s bearish would be the 6-50 EMA lines have crossed bearishly, which indicates a leg down. (rainbow lines)
In summary $GIGA is looking very bullish with little but some bearish indicators. By the looks of it we are more likely to see a leg up rather than a leg down. But anything can happen in the markets and this is not financial advice.
Even More Bullish On Strong Communities.
Mark Your Calendars For This Space - 12pm Tomorrow With @GIGACHAD_meme With @JSPHost & @eyezenhour.
https://t.co/wYR90MBKbV
Respect to Threadguy. Hes really been making it happen and leveling up in ways other KOLs can’t.
Instead of wasting his clout on airdropped calls, he’s actually creating us content and expanding our eco-bubble out.
Also shout out @rasmr_eth
Giga Motion to both of you 🤝