GTUSDT trade ideas
Multi-Timeframe Fibonacci ConfluenceDaily Chart:
0.786 Fib retracement of last month’s drop sits at $23.40 (immediate target)
Break above $22.80 (61.8% Fib) this week flipped key resistance to support
Weekly Chart:
1.618 Fib extension of 2023 bear market swing aligns with $29.50 target
Current RSI(14) at 58 mirrors 2021 breakout conditions before 3x rallies
Funding Rate Alignment:
Perpetual swap funding rates remain neutral (-0.002%) – no overheated leverage yet
Cumulative Volume Delta shows $4.8M net spot buying vs derivatives this week
Fibonacci Extension ConfluenceThe breakout above 58.40(Junehigh)activatesthe1.618Fibonacciextensiontargetat58.40(Junehigh)activatesthe1.618Fibonacciextensiontargetat72.50, derived from the Q2 2024 basing pattern.
Critical validation comes from the 3-day chart’s MACD histogram printing consecutive rising bars since July 8th – identical to the pre-rally signal in November 2021 that preceded a 68% surge.
Institutional options flow shows heavy 65−65−75 call buying for September expiry, with open interest doubling at these strikes in the past week.
which resulted in a 120% uptrendThe descending trendline breakout was accompanied by a 45% surge in volume vs. 20-day average, indicating institutional accumulation. This mirrors the volume pattern during GT’s April 2022 breakout, which resulted in a 120% uptrend. Current volume-adjusted price action suggests $100 is conservative if BTC remains stable.
The weekly StochRSI golden cross (oversold reversal) The weekly StochRSI golden cross (oversold reversal) coincides with the daily chart’s ascending RSI & MACD histogram uptick, creating a rare triple-timeframe bullish alignment. This convergence historically precedes extended rallies in GT, as seen in Q2 2023 (+80% gain).
4-hour timeframe technical analysisThe current 4-hour chart shows that after breaking above the ascending channel’s upper boundary at $25.30, the price faced selling pressure and retraced, forming a classic false breakout trap. Key indicators reveal multiple bearish confirmations:
StochRSI cyclical divergence: While prices hit a new high at $25.80, StochRSI peaks declined sequentially (85 → 78 → 72), signaling weakening bullish momentum.
MACD double-top structure: The histogram shows consecutive shrinking peaks, with the MACD lines flattening above the zero line, raising risks of a bearish crossover.
Abnormal volume distribution: Breakout volume only reached 63% of prior highs, creating a low-liquidity "fake rally" trap.
Harmonic pattern implication: The current pullback may represent the BC leg of a Bat pattern, with a potential D-point at $23.46 (0.886 retracement of XA).
Critical mid-term levels:
Bullish defense: The 23.46 zone (weekly EMA21 + daily volume gap) and 22.80 (4-hour 200MA + Fibonacci cluster) form a dual support band.
Bearish trigger: A breakdown below 22.80 would activate a TD Sequential 9-count, opening the door for a deeper correction to 21.50 (Q4 2023筹码密集区 / high-conviction trading range).
Pivot timing: Based on 4-hour Heikin-Ashi candles, a sustained close above $24.20 (50% retracement) by Friday’s New York session would validate the bullish Butterfly pattern.
Swing trading strategies:
Conservative: Close short positions at 24.50 and initiate longs at 23.46.
Aggressive: Place limit orders at 23.50 (upper edge of support), with a stop-loss at 23.00 and a target of $26.80 (1.618 extension).
Position validation: Add leverage if the 4-hour RSI breaks its descending trendline (currently capped at 58) during rebounds.
On-chain confirmation:
Nansen data reveals $4.7 million in institutional limit buy orders clustered near the 23.50 zone, strongly aligning with technical support. However, traders should remain cautious about volatility spillover from BTC and keep position risk exposure within 5%-8%.
TradeCityPro | GT: The Ascent of GATE.io’s Native Token👋 Welcome to TradeCityPro!
In this analysis, I will review the GT coin, the native token of the GATE io exchange, which is one of the largest cryptocurrency exchanges globally, currently ranked 12th.
📅 Weekly Timeframe
In the weekly timeframe, we observe a very large and long-term box ranging from 2.941 to 8.395, where the price has been moving for about 1260 days.
🔍 After the price bottomed at 2.941, a bullish momentum entered the market, and after reaching 5.626, it established a new bottom at 3.617. Following the breach of 5.626, it reached and eventually broke the 8.395 ceiling.
🚀 Currently, the price has pulled back to the 8.395 area and has separated itself well from this range. The market volume has converged nicely with the price, confirming the bullish trend. The price is now at its ATH and has passed the 0.618 Fibonacci extension, heading towards 0.786.
🧩 The RSI oscillator is very high at 88, indicating a lot of greed in the market. A significant resistance exists at 95.62, and there is a possibility that the price could reach this area. However, while the potential for further bullish movement exists, it’s crucial to note that the RSI is very high, and any weakening of the trend could lead to deep and unexpected corrections.
✨ There’s also a curved trend line visible, which could serve as dynamic support in case of corrections.
📅 Daily Timeframe
As seen, the price has broken the crucial resistance of 8.395 and after a pullback to this area, it has breached the 10.615 resistance with very strong and continuous momentum; it has not undergone any corrections yet.
📈 The RSI has been in overbuy for a long time since breaking 10.615, only dropping below 70 once, indicating very high bullish momentum. Currently, it is attempting to break the 81.68 area in the RSI. If this area is breached, the momentum will likely increase further, and the price could potentially move towards a target of $30.
🔑 It’s important to note that this sharp and uncorrected trend, which has been in overbuy for an extended period, is not a reliable pattern and could face a sharp correction at any moment. However, it might also continue. Personally, I expect to see a sharp corrective candle sooner or later that will take the price out of overbuy and lead to the formation of a new price structure.
⚡️ Currently, no clear trigger can be drawn from this chart since no significant highs or lows have been formed, and it continues to move in a cascade. I personally will wait for the price to form a better structure, similar to when it was below 10.615, and enter a buy position upon breaking the high of that structure.
✅ If you currently hold GT and the price exits overbuy or shows signs of rounding, you might consider securing profits. However, as the price is moving sharply and well, there is no need to close your position now. If you are over 100% in profit, you might consider taking out your initial investment.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Exchange Tokens Exchange Tokens — An Opportunity You Shouldn’t Miss! 🚀
Take a look at these charts:
BNB: +70,000%
OKB: +8,500%
GATE: +5,700%
WBT: +700%
MX: +500%
MNT: ???
These tokens have shown incredible growth over the years, delivering massive profits to their investors!
🎯 Why is this profitable?
Exchanges are highly motivated to develop their tokens, adding perks for holders — from fee discounts to participation in lucrative programs.
💡 MNT — a token that hasn’t yet unlocked its full potential.
This is a great chance for those looking for opportunities while the price is still at an attractive level. 🌟