GAS Under Heavy Volume – 100% Gain Over Bitcoin

Today GAS has been rising sharply and went from 75k up to 150k satoshis, resulting in a 100% gain over the Bitcoin. Volume has also went up substantially and it seem that the upside momentum will continue.

Currently GAS/BTC has corrected down by nearly 20%, while the price has declined from the 153k high, down to the current price at 125k satoshis. This might be a good entry point to catch the “south train” as GAS could rise up to the strong resistance area at 200k satoshis.

This resistance is confirmed by two Fibonacci retracement levels as well as the low established back in March 2018. At the same time short term consolidation is possible and price might hang around the 100k satoshis psychological resistance. But, as the previous level of resistance at 118k has been broken, more upside potential should be expected in the near term future.

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