Analysis: 
GT is forming a cup-and-handle pattern on the weekly chart, a bullish continuation signal. The price at $21.8 is above the 50-day SMA ($21.37), with increasing exchange outflows (+$8.2M past week) indicating accumulation. The MACD histogram is turning positive, and the price is testing the 0.618 Fibonacci extension from the $5.65 low to $25.95 high. A break above $22.15 could push toward $26, aligning with the 0.786 Fibonacci level. Gate.io’s buyback-and-burn program supports long-term value.
Entry: $21.80 - $22.00
Target: $26.00 (19.27% upside)
Stop Loss: $20.80 (4.59% downside)
Risk-Reward Ratio: 4.2:1
Indicators: MACD, Fibonacci Extension, 50-day SMA
GT is forming a cup-and-handle pattern on the weekly chart, a bullish continuation signal. The price at $21.8 is above the 50-day SMA ($21.37), with increasing exchange outflows (+$8.2M past week) indicating accumulation. The MACD histogram is turning positive, and the price is testing the 0.618 Fibonacci extension from the $5.65 low to $25.95 high. A break above $22.15 could push toward $26, aligning with the 0.786 Fibonacci level. Gate.io’s buyback-and-burn program supports long-term value.Entry: $21.80 - $22.00
Target: $26.00 (19.27% upside)
Stop Loss: $20.80 (4.59% downside)
Risk-Reward Ratio: 4.2:1
Indicators: MACD, Fibonacci Extension, 50-day SMA
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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.
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.