GMT / TetherUSUpdated GMT break-out
GMT is breaking out its trendline since Mai 2022.
Volume indicators CMF and MFI are also breaking their trendline.
Massive pump is very likely, specially after the good news from XRP today (XRP named not a security).
Short-term TPs are Fib 0.236 and 0.382.
Mid-term TPs are Fib. 0.5 and 0.618.
Note
GMT is still consolidating in an ascending triangle. Buy volumes have been increasing and this indicates the rising interest for GMT.Note
GMT is breaking the Resistance (sooner than expected).+13% from entry
Note
GMT is among the top performing cryptos, today. +19% since entry.
Note
Mid-term view with targets (Fib 0.236 and Fib 0.382) does not change for me. Short-term view: GMT hit the resistance trendline of the channel and come back to retest the horizontal resistance area. See chart below
Note
GMT is close to high liquidity zone. I expect a bounce at $0.22Note
GMT has touched the $0.22 area and is bouncingNote
The trendline was broken due to BTC's drop todayGMT is retesting the long-term trendline
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.