Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for: ~ Unbiased analyses on trending altcoins. ~ Identifying altcoins with 10x-50x potential. ~ Futures trade setups. ~ Daily updates on Bitcoin and Ethereum. ~ High time frame (HTF) market bottom and top calls. ~ Short-term market movements. ~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
GMT is in a downtrend and is currently holding support at $0.13. If the current support remains strong, we are likely to see a bullish rally in GMT very soon.
The RSI shows a rebound from the oversold range, and it is gaining momentum indicating a bullish move on GMT.
Key levels:
- Support/Accumulation: $0.13 to CMP. - Trade: Spot. - Initial Target: $0.3. - Higher Target: $0.7. - Invalidation: A close below the support trendline.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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.