The NoGo outlined the crypto’s correction during the month of September and in early October we saw amber neutral bars signaling the trend may be changing. October 9th triggered the first Go flag and a bar later broke through resistance of the previous consolidation pattern. (Resistance that was support before) Now, we’ve seen a sharp rally and price has taken out prior highs trading up over $13000. Look for price to consolidate above $12500 in this new “Go” trend. The GoNoGo Oscillator’s break into positive territory on heavier volume (dark blue of oscillator) helped confirm this price action.
By
Alex Cole
