The nearest resistance for GNO/USD is at 127.2% level applied to the corrective wave after the downtrend breakout. The second much stronger resistance is at 227.2%, which is $233 price level. It corresponds well with the upper of the extended and previous resistance formed in August.
If the $233 level is reached and broken, much more upside potential will present itself where Gnosis could rise up to the $500 mark where two Fibonacci levels are inline with each other. First 627.2% and second is 127.2% applied to the all-time high $400 down to the current support at $50. Only a break and close below the $80 support could invalidate outlook.
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