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GMTUSDT potential for a drop! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 2.77392 where the horizontal swing high resistance and 23.6% Fibonacci retracement is to our 1st support at 2.24956 in line with the 161.8% Fibonacci extension . Alternatively, price may break 1st resistance structure and head for 2nd resistance at 3.05192 where the 38.2% Fibonacci retracement and horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
GMTUSDT potential for a drop! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 2.77392 where the horizontal swing high resistance and 23.6% Fibonacci retracement is to our 1st support at 2.24956 in line with the 161.8% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 3.05192 where the 38.2% Fibonacci retracement and horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
📊BTC: local and global scenarios! You haven't check it yet?🌟Hi friends! Today I will explain to you what the potential scenarios I see for BTC. Will the price go to the new ATH or BTC will it fall by 50% after the breakdown of the bearish flag? Read the review below! The price has been in a consolidation channel for more than 3 months and is also creating a bearish flag. Ideally, this pattern could be realized and the price should drop by 50%. But what happens in real life? 🚩As I said in the previous ideas, be more crafty and apply different trading tools together as 1 trading strategy. For example, the lower boundary of the wedge and the channel have become support for price. Traders who were looking globally started buying Bitcoin on a test of the lower boundary, so did traders who were looking locally and started buying as well. The price rose 3.5% after that. What do you think didn't happen? If we look at the volume indicator, I see no growth. 2 scenarios why it happened: 🔶 Lack of liquidity to buy. There are not enough sellers in the market for the whale🐋, that is why they usually do the manipulations, which we didn`t see this time. So the price can go lower. 🔶 The whales🐋 have no willingness to BUY now because they know more than we do. I think you understand that if the BIG guys owns $1B, they have it`s own research center and traders who have access to insider information as well. Highly possible, that they have already accumulate enough BTC to sell higher and higher. It`s a bullish scenario! Key level. It is important to mark the key level of $45500. It can become a local resistance for the price. If large volumes appear at a false breakout, the price can FALL below $38k again. If the price start to squeeze under the key level, it will be the best trigger for the growth continuation! ‼In any case, we should expect high volatility in the coming months. 🎥Also, I recorded the video update for you with a local scenario and a trendline breakout! Click on the image! Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
13
GMT GMT GMTGMT LONG POSITION Shark Pattern, Bounce areas are ( Use Fib retrace to measure D = C to b 1.618 to 2.24 of fib retrace) Find where the imbalance or find some OB at the possible bouncing areas. If you find something set an OB and wait till it bounce at that Price of Interest of yours. Always use stop loss Risk management Risk only when youre confident Don't counter trade, but if youre a pro trader well you can. Dont chase the market price Let the market chase your interest price. Remember Risk management dont trade with your emotions smile :P -MercilessDolphin
Long
by mercilessdolphin
GMT/USDT : Target reached at 3,64 - What next?GMT/USDT : Target reached at 3,64 - What next? Previous analysis 02/04/2022 : context : The GMT token surged to the upside reaching the expected target at 3,64 this week - with the asics NFT drop on Binance. This strong impulsion cycle is not finished as long as 2,45 stay support in order to develop a wave (v) 1 III (bullish cycle towards 23) Key Elements: - EMA 89 support 2,70 - Key fibo level = 2,45 and 23,00 - Impulsion Elliot wave target at 67,00 wave 3 target (log scale) - 3,10 key Ratio (Wave (iv) support ) - Intermediate resistance (fibo) at 4,52 - wave (v) target Tactical view 1 to 3 Weeks Above 2,45 in daily close buy any dips (Now) to play 4,52 (next intermediate will be defined once ',(é has been reached) next long-term target at 23 and 67 Keep going my friends ! (Please support me buy sharing the referal code to download Akt.io app in Europe - check signature below - Also proud to annouce that AKTIO coin is now live since 13/04/2022 on bittrex - launched at Paris Blockchain Summit week )
Long
by JeanJean1983
13
GMT GMT GMT GMTGMT going down making a Cypher Pattern at Day Time Frame. Use stop loss and trade confident this is a swing trade i already put a long position at the graphh so you guys dont ask anymore all Alt coins are going down because of BTC so there are so many signs or confirmation that gmt is bouncing at that specific area. Thats my Price Of Interest and confirming it that itll bounce at that area mitigating and going up Like and follow for more Remember Risk Management, Proper Stop Loss. be wise. -Merciless Dolphin
Long
by mercilessdolphin
🎯GMT: potential long! Pay your attention to THIS! 🔋G2E is a new kind of Game-fi and Stepn is the most capitalized G2E! After a local PUMP, the price could test a key level. I will show you an alternative scenario where you can open a long. 🔶Let's mark the key zones on the chart: key level of $2.97 key value zone of $3.15-3.43 two local trend lines 🔻On the chart we could see a local pullback of the price with a breakdown of the lower trend line. Long traders who accumulated a position in this value $3.15-3.43 zone will close their long trades. The price drop will be a trigger for stop losses, which will give liquidity to a large player to buy. ⚡To open a LONG it is important to wait for the test of $2.97 key level + volume growth (liquidation), which will show us the large player's willingness to buy. 🔥Don't forget about money and risk management! If you want to be a successful trader, it's important to follow these simple rules! Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
10
ETH: is TOP 1 alt going down? Look at this REVERSAL points!📈Ethereum(ETH) is TOP 1 altcoin with capitalization of $347B🔥 It`s almost 35% of all ALTs capitalization. That`s why all altcoins copy Ethereum movements. Despite the fact that all cryptocurrency follows Bitcoin, if you want to understand where Altcoins will move, pay attention to ETH. 🎓This is especially evident during Alseasons. 📈Technical analysis(TA). Right now the price is in a falling wedge, which is breaking up. But let me show additional scenarios for you. On the chart you can see a strong support zone for the price of $2560-2670. If WHALES🐳 collect liquidity here and the volumes show us the presence of a buyer🐳, this is an opportunity to open LONGs. Also, it is possible to open a position after local consolidations and squeezing under the trend line or in the middle of the wedge, as showed on the chart. 🎯Targets: 🔶$3073-3179 - strong value and resistance zone. This is shown by the horizontal volumes. 🔶$3500-3600 - local highs, where traders will take their profit. 🌏If the hawkish statements of the FED continue, and the world geopolitical situation continues to deteriorate, such as the war in Ukraine or Taiwan, or the disruption of oil supplies, then all markets will continue their fall🔻 Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
14
🎢ADA: where to open a LONG? And targets for you!🚩🌟 ADA is down by -35% from its ATH and is in a permanent downtrend. A long and exhausting correction is making retailers want to sell, but we need to get the situation right. What does the chart currently shows? When to open a long trade? I will show a few scenarios that seem most likely to me. On the chart I have marked out these liquidity gaps: 🔶$0,91-0,94 🔶$0,98-1,06 A liquidity gap is a price range where the price can't stay for a long time due to the lack of buyers and sellers. That is the reason why the price breaks it so easily without any resistance. To open a trade, we need to see signs of bulls' strength: 🔥false breakout, liquidity collection, stop loss hunting in the $0.79-0.82 value zone 🔥increased volumes after liquidation 🔥squeezing under the trend line 🎯Targets: $0.9 $1.07 Friends, share your ideas in the comments! What are your targets for ADA? Is it brake $1 in a month? Press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
8
🚀GALA: where to BUY? Amazing setup after a HUGE liquidation!📈Gala Games(GALA) is in the downtrend for 1 month. Why is it good and when to open a long trade? When crypto is in a long consolidation or downtrend, it becomes "healthier". Weak hands, retail investors, novice traders begin to close their positions at a loss or break-even because of exhaustion and waiting for 10000%. Who are they selling to? They sell to those who know how to wait, who have been in the market for a long time🐳 💡We have to wait for the beginning of an uptrend movement to open a trades to gain more profit and have a low risk. If you dont know what is a trend and why it`s so important for trader read this article! Reversal points and triger to open a LONG will be the HUGE liquidations! You can see it on the volume indicator and they are marked on the chart also. Where the liquidations are most possible: 🔶the key level of $ 0.153. At this point there is a lot of stop-loss traders and a lot of liquidity for a large player. 🔶the support zone of $0.115-0.136. Even more liquidity and more panic sells😓 🔥Fuel for growth will be the traders who will open shorts on these corrections! 🎯Targets: 1. $0,32-0,37 2. $0,45-0,51 Wait for updates, be careful and don't become a fuel!😉 Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
21