#GFT/USDT#GFT
The price is moving within a descending channel pattern on the 4-hour frame and broke it upwards after adhering to it significantly
We have a downtrend on the RSI indicator and it was broken upwards and we have a trend to stabilize above it
We have a major support level in green at a price of 0.01570
We have a trend to dot above the moving average 100
Entry price 0.02250
First target 0.02650
Second target 0.02960
Third target 0.03350
GFTBUSD
GFTUSDT.1DIn this technical analysis of the GFT/USDT daily chart, I dissect recent price movements and technical indicators to predict future trends and pivotal trading levels.
Key Observations:
1. Current Price and Movement:
• GFT/USDT is trading at $0.01970, experiencing a rise of 3.63% today, indicating renewed interest or buying pressure.
2. Support and Resistance Levels:
• R1 (Resistance Level 1): Marked on the chart but not numerically identified, serves as a key obstacle to upward movement.
• R2 (Resistance Level 2): $0.03000 - Represents a significant upper resistance which, if breached, could suggest a bullish trend reversal.
• S1 (Support Level 1): $0.01362 - Current primary support level that the price needs to hold to prevent further declines.
• S2 (Support Level 2): $0.01130 - This lower support level may come into play if S1 is broken, indicating a stronger bearish sentiment.
3. Technical Indicators:
• MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum despite today’s price increase.
• RSI (Relative Strength Index): At 43.27, the RSI is near the lower half of the neutral range, which might indicate that the asset is not yet oversold, allowing room for downward or upward movement.
Analysis and Conclusion:
The price of GFT/USDT is currently in a delicate balance, hovering near a historically significant support level at $0.01362. Today’s positive price movement could be the start of a potential upward trend or a temporary rebound in a longer bearish phase.
The proximity of the MACD lines, despite being in a bearish configuration, suggests that bearish momentum may be waning, and a trend reversal could be forthcoming. However, for a bullish trend to confirm, the price needs to break and sustain above the immediate resistance at R1 and then target R2 at $0.03000.
Conversely, should the price fail to sustain this level and breaks below S1 at $0.01362, the next level to watch would be S2 at $0.01130, which could further confirm the bearish market sentiment.
Traders should monitor these levels closely and look for confirmation from MACD and RSI for stronger signals on the direction. The current state suggests a cautious approach; watching for a potential breakout or breakdown around these key levels will be crucial for confirming the next significant move. As always, consider employing risk management strategies such as stop losses to protect investments from unexpected market moves.
GFT / GFTUSDTGood Luck >>
• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
(I am not sharing financial or investment advice, you should do your own research for your money.)
GFTBUSD TODAYPLZ DO NOT SELL MY SIGNALS
1-Apply your own risk management.
2-Daily and Weekly Targets
3-Hunt the profits at any level you see convenient for you.
4-Green Zone for entry,
5-Red Level Exit by OCO
6-Yellow levels are targets.
have a good day guys.
Gifto (GFT) forming bullish Gartley for upto 58.50% rallyHi dear friends, hope you are well and welcome to the new trade setup of Gifto ( GFT ) with US Dollar pair.
On a daily time frame, GFT is about to complete the final leg of a bullish Gartley move for bullish price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
gft coin 4h tf update and buy setup.from last 2 weeks gft coin trade in a downtrend and almost its price drop upto 55% in last 2 weeks.
almost currently its trade at 0.041$.
there is a two possible moves....
first = gft coin price bounce back expected from current price but condition do or die as you know guyz currently over all financial marketes crash.
2nd = strong suppport area look below 0.036$ ... i mean if its price go below 0.036$ then buy it with 5%_10% fund and hold for short term.....
set sell targets 0.042-0.046-0.05-0.055
do trade at your own risk
follow me for more updates if my idea prove helpfull for yourself