GTCUSDT → Resistance Retest. Preparation before the breakthrough

By RLinda
GTCUSDT is testing the trend and consolidation resistance and apparently has a chance to break through this boundary.

snapshot

The coin is forming a bottom at 0.300, after which the consolidation phase continues, but at the same time, relative to the trend resistance the coin is forming a pre-breakout consolidation.
Growing capitalization of altcoins, green cryptocurrency market favorably affect GTC, which can provoke a breakout of the mentioned resistance area.
The break of 1.344 level and price consolidation above this zone will form a bullish potential, which may trigger a bullish distribution after consolidation.

Resistance levels: 1.344, 1.650, 1.915
Support levels: 1.210, 1.060


I expect that the pre-breakout consolidation will favor the breakout of resistance and the price will eventually start to change the bearish trend

BTCUSD TOTAL TOTAL2

Regards R. Linda!
Bitcoin (Cryptocurrency)BTCBTCUSDChart PatternsCryptocurrencyDescending TriangleETHUSDFalling WedgeFundamental AnalysisSupport and ResistanceTrend AnalysisTrend Line Break
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