GVT Moving Ready for a Rebound

Updated

Observed that there seem to be some standard ceilings and floors to this asset that follow an upward channel. They don't seem to follow the standard fib sequencing exactly, but the channels matched well. Also saw some relationship with RSI at pivot points.

Relatively new to these techniques, so please advise how to improve. Thoughts?

Note

Wanted to check-in on this prediction given the drop in the market. Looks like it fell right into the channel as expected, and is gaining strength relative to the market.

Of note, GVT released some news on a new (and unanticipated) Genesis Markets product, this seemed to cause the spike in the last two-days.

Will look for an increase in adoption a week from now to match the projected spike.

Last consideration, GVT communities indicate alpha release of their platform at end-of-month (April 1st). A spike could arise from technicals or buy-the-rumor/news behavior. A sell-the-fact or miss-launch could drive the price down into the subsequent channel. Or, a successful debut might completely launch off the tracks I've set out. Should be a good two-week journey.

Elowind

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