Analysis: GateToken (
GT) is consolidating above the 200-day SMA ($14.31), showing long-term bullish strength. The daily chart displays a bullish flag pattern after a 168.98% yearly gain, with the price testing the $21.66 resistance level. A breakout above $22.15, confirmed by rising volume, could target $25, near its all-time high of $25.94. The 14-day RSI at 59.98 suggests neutral momentum, with room for upward movement before overbought conditions. The weekly StochRSI shows a golden cross in the oversold zone, supporting a bullish move.
Entry: $21.80 - $22.00
Target: $25.00 (14.68% upside)
Stop Loss: $20.50 (5.96% downside)
Risk-Reward Ratio: 2.46:1
Indicators: 200-day SMA, RSI, StochRSI, Volume
GT) is consolidating above the 200-day SMA ($14.31), showing long-term bullish strength. The daily chart displays a bullish flag pattern after a 168.98% yearly gain, with the price testing the $21.66 resistance level. A breakout above $22.15, confirmed by rising volume, could target $25, near its all-time high of $25.94. The 14-day RSI at 59.98 suggests neutral momentum, with room for upward movement before overbought conditions. The weekly StochRSI shows a golden cross in the oversold zone, supporting a bullish move.Entry: $21.80 - $22.00
Target: $25.00 (14.68% upside)
Stop Loss: $20.50 (5.96% downside)
Risk-Reward Ratio: 2.46:1
Indicators: 200-day SMA, RSI, StochRSI, Volume
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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.