GMTUSDT_F4FB46 trade ideas
StepN | UpdateUpdate to my initial analysis on $GMT.
TLDR;
*GMT + GST Losing strength due to trickle down effect in the M2E category.
ie. people taking profits and rolling into other M2E projects to maximize profit potential on their "steps".
*General market strength has persons diversifying out to other tokens/ people taking profit.
*A question of sustainability. Can $GMT continue this rapid growth in this current market?
--------------------------------------------------
Current short term price action is displaying one of my favorite momentum patterns where price rides a Moving Average onto support or resistance and then eventually breaks the level with volume; more or less known as an ascending or descending triangle.
Diagram to the left shows exactly how these usually play out. (This specific diagram is a reverse of the same pattern on 4/24).
For a short term trade/ momentum following, this seems to be an okay area to go short with a tight stop above recent highs and also the 21EMA.
There is potential for price to fall back to previous ATHs and also the 100MA and find support. In addition to the above, its also possible that price have an even bigger pullback to fill some price inefficiencies.
Refer to the posts linked below as I will be updating them as well, as time goes on. The linked video goes into detail on an intraday chart about the short term trend change on GMT & GST, which is the beginning of this current pattern.
GMTUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a 4-hour-time frame analysis for GMTUSDT
It is clear that the price is fluctuating in the middle of the channel. It is expected to move to the first support line. If it moves upward, it is able to break the first resistance line and even move to the second resistance line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
Wish you luck
GMT brief range 💡📖We expect to see brief range market for the price before any uptrend or downtrend movement 💡✔️
if
we lose the support, we will see more correction to the downside ❌🧨
and
if
the price breaks the trend line to the upside, we will see more gain 🚀
Please, feel free to ask your question, write it in the comments below, and I will answer.🐋
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
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 )
Gmt strong support and direction I saw that danger earlier with respect to btc that was why I came immediately to update you guys about a coming dump which not even up to 6 hrs I did it dump big when I updated my ape analysis someone came to tell me big daddy Elon musk tweeted and change his profile I shouldn’t deceive people to short but lastly it did looking at this now that is the strongest support for gmt with 200 ma coming under and already oversold in 4 hrs and all timeframe but if broken there is danger don’t need to say much watch out
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