Updated

GTC seems to be in some sort of wedge

Bottom around 1. Top around 121. Still EZ 10x for the bulls.
Bears could also drop it down 90% from its current value

Note

Comment: 200% breakout, the chart should cooldown for now. I doubt it will immediately find support above 20 USD.
If you are looking to get in I'd get in around 15 USD, if BTC allows that.
The fib potential just isn't juicy enough right now, its only a 4,48x from here to the top of the fib.

If you want a 4x you should go to r/investing

Note

Sometimes coins take off and never look back at any level it broke previously.

In this case I do think this initial breakout is not going to last.
If it would have been like this (green path below) I would be more confident that a price above 26USD would be sustainable.

Note

0.618 / 15 USD range could be indeed turning into support.
The first target now is the obvious 20 USD.
The long(er) term target is the 1.618 at 15 USD
Down below we still have the 0.382 begging to be turned into support, at 8.50 USD

Note

Clear support on the 0.382, this one is too easy to call.

iera

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.

iera