GTO laddering and looking to pump
Updated
GTO : Gifto has been steadily laddering on the 4hr for the past week. And has been in accumulation for the past 2 weeks.
Levels:
Blue- weekly
Yellow- daily
Orange - 4hr
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The weekly chart has GTO laddering slightly aswell with each candle wicking 695 sats. GTO is also experiencing oddly low volume compared to its average, I expect it to pick up promptly. With the upward laddering creating a bullish signal that selling has been exhausted. The bottom weekly level was recovered and retaken a week ago. GTO is currently holding the 4 hr level produced by the swing high afew days ago. A move to the primed daily level of 695 sats looks likely and a wick past should be a sign of a nice pump to come. look for the pre move to happen in the next 16hrs. Either a ladder to the daly level or a bleed back to test the bottom weekly level.
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Levels:
Blue- weekly
Yellow- daily
Orange - 4hr
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The weekly chart has GTO laddering slightly aswell with each candle wicking 695 sats. GTO is also experiencing oddly low volume compared to its average, I expect it to pick up promptly. With the upward laddering creating a bullish signal that selling has been exhausted. The bottom weekly level was recovered and retaken a week ago. GTO is currently holding the 4 hr level produced by the swing high afew days ago. A move to the primed daily level of 695 sats looks likely and a wick past should be a sign of a nice pump to come. look for the pre move to happen in the next 16hrs. Either a ladder to the daly level or a bleed back to test the bottom weekly level.
--------------------------------------------------------------------------
Want to learn how to be a smarter trader?
I invite you to join the Altcoin Trading Academy.
This group has been founded on c0tt0nC4ndyTA's FREE crypto trading course and we talk crypto 24/7 on Discord. A link to the course on youtube and discord group can be found below. The course downright amazing and completely free. Everything Ive learned about TA is from this course and it is life changing.
youtube:
youtube.com/c0tt0nc4ndyTA
Discord :
discord.gg/ZcMxErM
--------------------------------------------------------------------------
Happy trading!
Note
Nice move upwards as anticipated. Almost wicked the weekly level at 726. Once we close above 695 on the 4 hr should be headed more newer highs. Hope people did their own research and got in if they were convinced. go GTO!Note
sad ending for this setup as BTC dumped and rekt this trade and all alts. stopped out. will look for re entry as a pump is due for GTONote
jumped back in at 638. First close above the weekly. Looking great for this move again. beautiful wick of the 4hr reversing this sight downtrend. Nice perfect touch on the previous uptrend aswell. Looking for laddering to the daily level one last time before proper ignition. go GTO!Note
Took a little longer than expected but I priced out at 832! Nice gains like 32%!
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