GVT/BTC (Testing Weekly Key Support)💎Technical Analysis Summary💎
BINANCE: GVTBTC
-GVT is now testing its key level of support on the weekly chart
-We still have 2 days left before the candle closes
-As of today, it is quite heavily Bearish
-It is not ideal to buy at the support when the selling pressure is strong
-Key support zone can easily be broken down like a hot knife through butter
-My advice is to wait for the next candle to open and zoom to a lower timeframe
-For any signal of Bullish reversal before taking this trade
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GVTETH
GVT/BTC (Testing Major Support?)💎Technical Analysis Summary💎
BINANCE: GVTBTC
-Genesis Vision is barely touching major support area
-This zone has been tested as support since Sep 2019 & Mar 2020
-If history repeats itself, we might see an upside correction
-But I will not take a risk to open a Buy order
-Waiting for proper reversal confirmation is a must
-Reducing the risk involve and setting a good risk to reward ratio
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Not Financial Advice
Please Exercise Risk Management
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GVT/BTC (Pullback to Previous Resistance?)GVT/BTC
-Genesis Vision just had a strong pump over 100% gains
-But gain back half of the profit after a few days of trading
-The price is likely to test the previous resistance area
-Which also coincide with the 50D MA and area of upward trendline support
-If we can see a bullish reversal signs or rejections
-Placing a Buy order is ideal and have stop loss below the ascending line
-I don't recommend to buy at market price, let the trade come to you
GVT/BTC (Bullish pattern?: up to 40% profit)GVT/BTC
GVT is starting to break bullish of this descending channel to the upside as the price has potentially established new support at 1000 sats.
The upside target is up to 1400 sats and stop-loss is placed under 960 sats.
$GVT BUY MORE! TOKEN BURN 30TH JUNE! Only has 16.7M Marketcap!Genesis Vision is alive and healthy! This platform for fund managers to trade and share their trades here. What caught my attention is, they are doing some tokens burn this year. Not only once or twice, but three times! can you imagine that? It has only 4,436,644 Total Supply to be exact and still wanted to burn some of it? What a generous play.
It will affect us as the traders and holders who believe this one will be a great issue! Why? Because once GVT pump, the pump is no brainer and unstoppable. It has only 16.7 Market cap at the moment. That's why!
Imagine institutional investors coming with $2M to pump it? it'll be more than +10% up.
Logically, the platform is useful and very good for mid-term swing trade.
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Genesis Vision (GVT) | +33% PP | FREE TRADING SIGNALPair: GVT/BTC
Exchange: Binance
Trade Duration: Short
Risk: Moderate
Signal Strength: High
Introduction
Genesis Vision is the platform for the private trust management market, built on blockchain technology and smart contracts. We unite exchanges, brokers, traders, and investors into a decentralized, open and fair network, making the financial market even more global. This will allow successful traders to rapidly scale their trading strategies by attracting investments from around the world. The smart contract technology that underlies the platform will provide an automated and absolutely transparent system for investment and profit distribution.
Our Entry Zone
0.0007304 - 0.0007583
Our Targets
1: 0.0009710
Our Stop Loss: 0.0007151
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Axsonex Team
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DISCLAIMER:
Axsonex are not registered financial advisors and no information we provide is intended as financial advice. It is our opinion and nothing more. This report is for informational use only. Trading and investing in Cryptocurrencies is extremely high risk. Ensure that you conduct your own due diligence before deciding to invest in any asset. We have not/will not be(en) paid to endorse this project. You are responsible for all actions you take as a result of reading/viewing this page.
There is a trading opportunity to buy in GVTETHTechnical analysis:
. Genesis Vision/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.030000 to 0.025780). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.030000)
Ending of entry zone (0.025780)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.035600
TP2= @ 0.038720
TP3= @ 0.044050
TP4= @ 0.046700
TP5= @ 0.053170
TP6= @ 0.059650
TP7= @ 0.080580
TP8= Free
There is a possibility for the beginning of an uptrend in GVTETHTechnical analysis:
. GenesisVision/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.030500 to 0.025270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.030500)
Ending of entry zone (0.025270)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.036370
TP2= @ 0.040970
TP3= @ 0.044050
TP4= @ 0.049490
TP5= @ 0.057960
TP6= @ 0.068460
TP7= @ 0.085390
TP8= Free
There is a possibility for the beginning of an uptrend in GVTETHTechnical analysis:
. GENESISVISION/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.028950 to 0.025270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.028950)
Ending of entry zone (0.025270)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.036370
TP2= @ 0.040970
TP3= @ 0.044050
TP4= @ 0.049490
TP5= @ 0.057960
TP6= @ 0.068460
TP7= @ 0.085390
TP8= Free
There is a possibility for the beginning of an uptrend in GVTETHTechnical analysis:
. GENESISVISION/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.035800 to 0.028950). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.035800)
Ending of entry zone (0.028950)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.044050
TP2= @ 0.046950
TP3= @ 0.049490
TP4= @ 0.057960
TP5= @ 0.068460
TP6= @ 0.085390
TP7= Free
$gvt Logarithmic pitchfork leading indicatorcheck out that for buy and sell zones.
current btc play and drifting into the lower fork area suggests we are about to revisit the long term trend line around 0008 but forex hopium as always suggests we retry the mean.
GVTUSD - bullish divsBullish divergence on macd/rsi.
Safe entry: buy on break through 50d ema (~$8.5)
$gvt correction coming to an endhidden bullish on 1D rsi; price comes down, rsi goes up.
macd has crossed up and riding top band - will monitor this.
bounced the wick from exactly 1 year ago today (26 november).
historically hasnt relied on btc pumps to rally.
historically corrects wave 2 deep just like the other 5 or so times it has on larger and micro waves.
GVT - a more accurate look at EW historical IIIExtends -- previous EW III target was a bit short.
S/R levels in the chart.
GVTETH time to sell bags / hedge into ETHHello dear traders as Bitcoin is bottoming out so is ETH with awesome discount prices.
I think ETH is about to follow Bitcoin on the way up very soon and maybye overperform it in short period.
So I´m expecting some of Altcoins paired agains ETH to go down one of them is Genesis Vision Token
Trade on your own risk. This is not financial advice but overview
2nd chance for those who may of missed the $gvt 'gold rush'lets take a look at historical corrections and part fractals.
when gvt first came to light the sell off from wave one took a 94% correction before mooning to ath.
in q1 2018 we saw the sell off from the major wave ath bring us down another 91% correction.
if this isnt just a dead cat bounce (or news pump) and the start of a new run then maybe we can assume that gvt will correct 88% following suit of the other corrective percentages:
94% (-3) 91% (-3) 88%??
lets see, bringing it down 88% to around 0007 sats would bounce off a good support zone from the initial coin offering (ico) and would also create a deep number 2 wave as historically it does.
last chance at these prices before we see some moon loving ath fun from the genesis vision token
GVTBTCNote that we are having a truncated fifth wave, which means the correction can reach beyond 0.65fib lvl, which renders the next target around 10937sats, expect a bounce here to retest 0.65 lvl ( confluence with the weekly major trendline).
My previous bullish count of target wave 3 at 50k sats is still accountable as long as the wave 2 never retraces 100%. Retracement beyond 2k sats would automatically invalidate my count.
