if btc doesnt brick it then 0018 is a nice bottom for $gvt
its been a tough token to find a bottom for.
alot of confusion around whether the ATH was wave 3 or wave 5 but we now have a definitive answer and a full 1st cycle for
GVT was achieved back in march (yay) but that meant we had to correct (boo).
fibonacci would expect a typical 50% retrace but without a 'live' product on the table investors have become distracted by other projects like tron (with no product) and have jumped ship seeing us dive further and further down.
following the corrective ABC pattern of either 335 or 535 we can see that gvt has gone down the 335 route and seems to be coming to the end of its bearish journey; rsi hitting the deck and macd coming in slowly.
in a normal market gvt would be a comfy buy at 0018 however with btc being our biggest pairing and its dominance in the market if that drops then so do we. again 0018 could be a good buy point but set tight stop loss with anticipation of it dropping to sub 0016s!
tread carefully and be safe, gvt is an amazing gem that will flourish with time but right now with the market so wanky you need to set a stop loss, dont be caught under water with bags or if your happy like me accumulate all zones and hodl :)
this kind of project needs patience and hodl + accumulate is the best approach for it. the roadmap and updates suggest gvt will be massive so dont panic even in the harshest of markets.
enjoy!
alot of confusion around whether the ATH was wave 3 or wave 5 but we now have a definitive answer and a full 1st cycle for
GVT was achieved back in march (yay) but that meant we had to correct (boo).fibonacci would expect a typical 50% retrace but without a 'live' product on the table investors have become distracted by other projects like tron (with no product) and have jumped ship seeing us dive further and further down.
following the corrective ABC pattern of either 335 or 535 we can see that gvt has gone down the 335 route and seems to be coming to the end of its bearish journey; rsi hitting the deck and macd coming in slowly.
in a normal market gvt would be a comfy buy at 0018 however with btc being our biggest pairing and its dominance in the market if that drops then so do we. again 0018 could be a good buy point but set tight stop loss with anticipation of it dropping to sub 0016s!
tread carefully and be safe, gvt is an amazing gem that will flourish with time but right now with the market so wanky you need to set a stop loss, dont be caught under water with bags or if your happy like me accumulate all zones and hodl :)
this kind of project needs patience and hodl + accumulate is the best approach for it. the roadmap and updates suggest gvt will be massive so dont panic even in the harshest of markets.
enjoy!
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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.