Rare pattern on GMT! Ready?🚀GMT is consolidating in triangle. Do you know how this pattern work in crypto? First of all the price make a false breakout of one side than return inside the triangle and start to move in opposite direction.
📊Keep in mind this pattern because it happen really often in crypto trading and can increase your profitability.
Check the previous idea where the price move according to my scenario. Read the preconditions to understand why it happen.
Now we can confirm✅ the purchases of GMT by the whales using volume indicator. The volumes always growth at the bottom and after the breakout of lower boundary indicator have to confirm it one more time.
🚩The value area of $0.77-0.85 should become the support for the GMT.
📊Preconditions to open a long:
🔥false breakout of the triangle
🔥volume growth at a local bottom
🔥squeeze to the top boundary
🔥bullish BTC help reach the targets faster
The targets:
🔶 $1.10 - key level
🔶 $1.34-1.44 - value and reistance area
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GMT
GMT ANALYSIS GMT GOING TO HIT 1.05 TO 1.19GMT IS ON THE WAY TOWARDS 1.19 WITH STRONG RESISTANCE AT 0.943 , 1H CANDLE CLOSE ABOVE THAT AND GMT WILL HIT 1.05 , on rejection from 0.943 gmt will test its support around 0.888 and then will bounce back from this zone towards 1.05 open a long scalp either from 0.888 or on breakout from 0.943
GMT - Biggest ponzi in crypto is slowly dyingReasons to take short:
⭐️ Trendline is 24 days old
⭐️ Trendline is clean
⭐️ Pullbacks are getting smaller
⭐️ Slowly squeezing to the trendline
⭐️ 7th touch
⭐️ 50 ATR
⭐️ Under VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
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P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
GMTUSDT Potential PositionAs observed on the chart, GMTUSDT on the hourly timeframe has a bullish RSI divergence and it is simultaneously showing weakness in its bearish trend. Its price is highly likely to move up until its CHOCH zone.
Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken, price could reverse its trend and continue the bullish movement.
GMTUSDT 4HSubscribe to the channel for more new information about trading✅
Hello everyone
Let's analyze the GMT chart of the main coin of the STEPN project
The chart showed a downward channel with a downward trend line, the asset is now in a downward local trend.
I expect that the price will retest the local trend line for a breakout.
Placed an order to buy in long from the lower border of the channel ($0.83675 zone)
GMT | Possible cup with handle patternAs you can see, GMT after a very hard drop is trying to recover and appears to be inside this triangle where a cup with handle pattern is visible. If it holds the critical 0.83 level and bitcoin fails to drop below the local bottom, we could see GMT break this triangle up and point towards $1.50 again.
GMTUSDT 12H The main thing is to sell Stepn GMT on timeToday we will consider the GMTUSDT trading pair
We will say right away that we did not take actions in the euphoria of buying sneakers, so our thoughts below will be as neutral as possible.
We are used to making money on short-, medium- and long-term trading speculations, based on what we see on the graph and without reference to the marketing of the crypto project.
At least the first wave of hype surrounding the release of sneakers has ended, and now the GMTUSD price chart is undergoing a correction with hints of an upward reversal.
Another pamp STEPN token is completely possible , because currently only 10% of the planned volume is circulating on the market.
As cruel as it may sound, in order to sell off the remaining planned huge amount of GMT to the "crypto people" - you need to organize growth and large trade volumes, but this is a long and expensive process...
For the coming month, we consider one of two scenarios to be the most realistic for GMTUSDT price:
1) Growth from the current price of $0.84 to the liquidity zone of $1.58-1.73
2) continuation of the correction to $0.7, from where the growth in the liquidity zone $1.58-1.73
In the liquidity zone $1.58-1.73, we would advise selling off at least part of the GMT and free up capital for reinvestment in other assets.
As can be seen from the trading history of the GMTUSDT pair, during the fall in May 2022, sellers actively sold out twice in this zone. Therefore, for the next month, it is not believed that buyers will be able to pass this zone up the first time.
And you can also place a pending order to buy GMT at $0.42 in case of a super-strong downpour of the crypto market.
_______________________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
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GMTUSDT 1D CUP AND HANDLE FORMATIONHi
If market gets a bounce gmt will be one of the first coin that will make good short time profit.
There is a cup and handle formation on 1 day chart with a possible target of 1.4$
If retrace targets are 0.97 -0.94 and 0.84 and if hits 0.84 i think it will hold and a new bounce near to 1$ can be on the way
For gmt short to mid term will be around 1$ but long term i think 2-3$ will be price consolidation area.
These are just my amateur ideas. Don't take as a financial advice and do your own researcch please
📊GMT: are the runners return? 2 targets for long!Hi friends! GMT is looking bullish, isn`t it?
STEPN follow my previous bullish scenario! Now we see the continuation of this movements! 🚩Check it!
The price make a deep pullbach and trapped long traders which open longs at new local highs. It`s the first precondition for the next growth.
Additionally, GMT returns fast to the huge value area which was strong resistance and start squeeze below it. It`s additional bullish signal of bull strength.
Remember about short traders who awere goin to short GMT to 0. They are all trapped now and can become the fuel for next pumps.
Also i can add 2 targets:
🔶 $1.10 - key level
🔶 $1.34-1.44 - value area
All this growth possible because of the BTC growth and it`s correlation with SnP500 whick is also have local recovery after dump.
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
STEPN Correction vs Bitcoin Not Yet Over | PatienceThis is what I am getting from the STEPN (GMTBTC) chart, the correction isn't over.
I am keeping this one simple.
We have a classic ABC correction that isn't yet finish and we see how prices are now moving below EMA10 after a small bounce 13-June.
The 26-June candle gives a clear bearish signal as well.
After the correction is over we can expect very strong growth.
Namaste.
GMT - TARGETS AND STOPLOSS 4HHello everyone, let's take a look at the 4H GMT to USDT chart as you can see the price is moving below the local uptrend line.
Let's start by setting goals for the near future that we can consider:
T1 - $ 0.8455
T2 - $ 0.8956
T3 - $ 0.9363
T4 - $ 0.9802
and
T5 - $ 1.0342
Now let's move on to the stop loss in case of further market declines:
SL1 - $ 0.7665
SL2 - $ 0.6708
and
SL3 - $ 0.54987
Looking at the CHOP indicator, we can see that in the 4H range the energy is depleted and the MACD indicator shows a downward trend.