GTC / TetherUSLong
GTC wait for entry
Updated
GTC has been consolidating for 6 months and been trying to break the consolidation area (see the screenshot below).
In the 4-hour timeframe, the chart illustrates the pattern I'm closely monitoring as a potential entry point for a buy setup. This pattern aligns with the Accumulation schematic according to the Wyckoff method.
Two possible trades that I'm considering:
Daily chart of GTC:
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
In the 4-hour timeframe, the chart illustrates the pattern I'm closely monitoring as a potential entry point for a buy setup. This pattern aligns with the Accumulation schematic according to the Wyckoff method.
Two possible trades that I'm considering:
- Setup 1: when GTC closes above the continued upper resistance (with a 4H candle)
- Setup 2: when GTC rises from below and closes above the discontinued lower resistance (with a 4H candle)
Daily chart of GTC:
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Note
Trade activated with setup 1Order cancelled
Trade closed due to weakness of this coin
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.