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Gvt

if btc doesnt brick it then 0018 is a nice bottom for $gvtits been a tough token to find a bottom for. alot of confusion around whether the ATH was wave 3 or wave 5 but we now have a definitive answer and a full 1st cycle for $gvt was achieved back in march (yay) but that meant we had to correct (boo). fibonacci would expect a typical 50% retrace but without a 'live' product on the table investors have become distracted by other projects like tron (with no product) and have jumped ship seeing us dive further and further down. following the corrective ABC pattern of either 335 or 535 we can see that gvt has gone down the 335 route and seems to be coming to the end of its bearish journey; rsi hitting the deck and macd coming in slowly. in a normal market gvt would be a comfy buy at 0018 however with btc being our biggest pairing and its dominance in the market if that drops then so do we. again 0018 could be a good buy point but set tight stop loss with anticipation of it dropping to sub 0016s! tread carefully and be safe, gvt is an amazing gem that will flourish with time but right now with the market so wanky you need to set a stop loss, dont be caught under water with bags or if your happy like me accumulate all zones and hodl :) this kind of project needs patience and hodl + accumulate is the best approach for it. the roadmap and updates suggest gvt will be massive so dont panic even in the harshest of markets. enjoy!
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by cooper_5e
3
gvt 16/5I'm sorry for the bottom that I called (21000-23000) has been breached as I never expected upbit fud will happen (duh i'm not a prophet for this). So, back to the topic, from the daily timeframe, we can see gvt bounces at 20500-21000, which is kind of close to my bottom LOL, anyway I'm still wrong (500sats away). Thus, 20000sats is a very strong support zone for now despite the ongoing fud. On the 1hr timeframe, i have come out with 2 scenarios, the above is the one I'm more biased on, I will still post the other in the comment section. Based on the scenario above, we have just finished 5 wave and we are now in correction, the greenbox is the most likely place for a bounce. RSI is decreasing, this indicates the bull has exhausted on the previous run.
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by DesWong
Genesis Vision Buying OpportunityGenesis Vision found the support at 76.4% Fibonacci retracement, which has been rejected twice, forming a double bottom. The following wave up resulted in the break above the downtrend trendline and then 200 Moving Average. Current price action suggests a potential trend reversal or a strong corrective move up. The resistance is seen at 76.4% Fibs applied through the all-time high, that is $40 area.  On a downside, the closest support is at 200 Moving Average which has been rejected already. Price could once again test it and produce a spike below prior to the wave up. Although only break and close below the $15 support could invalidate bullish outlook.
GLong
by CryptoPAMM
Genesis Vision/ Paving the path to $100GVT is fundamentally an amazing coin. One of the only coins at ATH in BTC during the bear market. -Upcoming releases of their investor platform with many big names backed behind it. -Low circulating supply. -Low total market cap. -Alpha testers really really like the product. Guess what Crypto is missing to? -Infrastructure, which is exactly what GVT is. Price Action Technical Analysis showing a strong buy. Buy and take profit at the designed blue lines. Never fully sell your entire position here. This will be a position trade till the end of the year.
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by TradeRepository
4
GVT 5/5I has come up with this possible second scenario. Charting is about find every single possible scenario before it happens, so we can act with anticipation. For this second scenario, which is quite bullish compared to the previous one, we are in a falling wedge (duh obviously) and we are nearly done with correction, in wave 5 of C wave, down to the green box (0.618-0.65 fib lvl) and there we go, the start of wave 3! Excited! So, if you want to play safe, long at the break out point of the falling wedge, that's the safest way to go. A break out of the falling wedge indicates uptrend, and we will see it retests the previous wave 1 (28500-29000).
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by DesWong
2
gvt 4/5Has been very busy these few days and never have the time to really look into charts. The chart is solely based on elliott wave, I'm a new beginner on EW, so don't take my target seriously. So from what i has charted, we are now in correction and almost done with wave A correction, we could see a short term uptrend back to 26600-27500ish target and then correct down to 24000 region ( which I find there are lots of confluence here). The most important thing about correction is, it is hard for us to gauge how long it is going to take. Also the target i provide above is based on ABC correction, it could go to XYZ or even WXYZ correction, which are both extended correction, but I don't think this is likely as the alpha apps will be live in this month, which could also be one of the factor to end this correction quickly.
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by DesWong
Genesis Vision (GVT) short term – The break-out, and the targetsIn my previous post I explained very quickly that GVT was finally in for a break-out of its' triangle formation. Minutes later it broke out and will now likely retrace a little before the bounce-off. That brings me to the next part of the story – the targets and the overall chart picture. Chart of previous post yesterday, where I called the break-out: Daily chart: First off, you can see that in (1), the longer term support was reached, almost coinciding with the triangle base. That strong support and the changing momentum has now pushed GVT through the triangle resistance in (2). Moreover, if we look at the overall chart, we see that GVT has actually been in a relatively wide upward channel / trading range. And, GVT fell through the support of that trading range beginning of April. In general, we could reasonably expect that the price will revert to that “mean” trading channel. And hence, it should actually minimally be trading at around 35000 sat today (point 3), to be in the lowest area of that upward trend channel. That would already mean a big increase from today’s levels! If we look at the Fibonacci retracement lines, I drew them from the All time high (4), to point (1). The next pricing targets are: 29904 sat 32273 sat 34642 sat 38014 sat 42310 sat You could place your sell triggers at those levels gradually and according to your risk appetite. Can we still fall back? Yes, it’s always a matter of scenarios. But here the bulls are in favour, and we still have a strong support at 24000-ish. In the meanwhile, don’t be too surprised if you see the price tracing back before increasing, which is very normal for triangle break-outs. Best of luck,
GLong
by A_Cryptastic_Mind
2
GVT 3/5On a 2 hour chart, a hanging man has formed with its wick hit on the resistance and a doji with high volume have formed, RSI is overbought as well, it indicates the bull has lost its steam. So, a temporary correction is due. The previous 25700 strong resistance has now become a strong support, expect a bounce from there. Again, it is not financial advice and this chart is mainly for people who day-trade or swing-trade. For long term investor, you can ignore this short term price fluctuation.
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by DesWong