#GMT/USDT 4HOUR UPDATE BY CRYPTOSANDERS !!Hello, dear traders welcome you to this GMT/USDT 4hr chart analysis.
I have tried my best to bring the best possible outcome in this chart.
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As we can see from the above-mentioned chart that GMT /USDT is printing an inverse head and shoulder-like pattern which can happen.
If an inverse head and shoulder pattern creates then we can take a long entry:-$1.27,$1.42.
GMT has a resistance zone between $2.21-$2.20 which is the longest and strong resistance zone.
and stoploss:-$1.12
If we take an entry at the neckline level of an inverse head and shoulder pattern then we can gain almost 50% to the resistance level and if it breaks the resistance then more % will add.
We will keep updating you.
Thanks for your time, we hope our work is good for you, and you are satisfied, we wish you a good day and big profits.
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GMTUSDT_F4FB46 trade ideas
GMT/USDT good opportunity to buyHey Traders,
Our attention caught GMT /USDT. On weekends GMT has formed a nice higher-lows pattern so here we see 2 options that can happen.
Firstly - GMT will hold the trendline we drew zone and it will bounce to $2.30.
Secondly - it will fall and try to test $0.85 support line from where we should have a strong bounce back up.
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Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
GMT - Buying strategyBYBIT:GMTUSDT
1H trend chart
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GMT keeps consolidating and the low points are getting higher gradually.
If price can overcome the downtrend line, trading strategy as below.
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Profit Targets:
a) 1.7342-----Fib(1)
b) 1.987~2.0893-----Fib(1.272~1.382)
Stop losses:
a) The relative low point after breaking out downtrend line-----Red horizontal ray
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GMT/USDT 1HR CHART UPDATE BY Domino Crypto!!Hello, community members welcome to this GMT/USDT 1hr chart update by Domino crypto.
Don’t forget to hit the like button if you find this update helpful because this motivates me to bring this kind of update regularly.
Now, Let's get to the chart,
As we can see that above-mentioned chart is evident that GMT/USDT just broke out the neckline of this HEAD & SHOULDER PATTERN which is a bullish pattern.
GMT currently trading at the price level of $1.56.
Here I am expecting a retest towards the neckline which will be the confirmation to long GMT.
RSI also follows the lower trend line well and moves upside.
Some % below GMT also getting a back MA SUPPORT.
ENTRY:
leverage:-5x to 7x leverage
entry:-$1.49,$1.545
target:-40% to 50%
stoploss:- $1.407
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
GMT REVERSALIn one hand on the 15 minutes chart the price is forming lower lows. On the other hand the RSI indicator is forming higher lows.
we might see a little bounce in the price of GMT.
NB: If the rsi broke the support line and is no longer forming higher lows than this divergence will be invalid