GOMINING/USDT Daily timeframe analysis and possible scenario!
2024-10-27
Category: gaming

GoMining (GOMINING/USDT) Technical Analysis

Support Zone: Key support at 0.3820 USDT. Holding above this level is critical for further upside potential.
Targets:
	•	T1: ~0.42 USDT – minor resistance.
	•	T2: ~0.45 USDT – aligns with the upper boundary of the ascending channel.
	•	T3: ~0.48 USDT – major resistance, recent high level.
MACD: Currently bearish, with the MACD line below the signal line. Watching for a bullish crossover as a reversal signal.
Ichimoku Cloud: Price is near the lower edge of the cloud, indicating support. A breakout above the cloud could confirm bullish momentum.
RSI: At 39.72, nearing oversold territory. A bounce here could support a reversal.

Summary: If support at 0.3820 holds and MACD or Ichimoku signals turn bullish, we could see a move toward T1, T2, and potentially T3. Monitoring volume, MACD crossover, and Ichimoku breakout for confirmation.
