Stop buying GMTAn unfinished ABC correction, a huge hype, a bunch of non-professional traders buying off every strait.
What other reasons are needed to definitely go even lower? We know what faith in a project is, but it's more like a financial pyramid from which it's not too late to get out. Ready to sit out another -55%?
We closed all the takes back in April and have been short since May 4, the choice is yours.
Attached a link to a similar situation with SHIB.
GMT
TARGET PROJECTION FOR GMTUSDT IN THE DIARYPrice formed a double bottom pattern, in a downtrend, also characterizing a descending triangle and, in my view, if it breaks ~up, the price can seek this price projection.
Obviously it may take a few days, even because the chart is in the diary. But I believe you can look for that price region.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
📈SOL: open a long after THIS confirmation on chart!Solana (SOL) is a top gainer of 2021🔥 But what happen to this alt in 2022? It depends on Bitcoin and Ethereum movement. As you see all alts fall by 75-90% following the movements of biggest crypto.
🔥It was expected for Solana that it ALT can fall to the large green zone which is support for the price and a lot of liquidity for the whales.
📊But what about local scenario? On the chart I marked 2 liquidity gaps. As we can see, during the test of the $58-63 gap the price fell by 31%. This shows the weakness of the altcoin, but it did not fall below its lows, as even Etherium did - this is a positive signal.
Now there is a small squeeze under the trend line, but it seems to me that Solana has not yet accumulated enough strength to continue the growth. Therefore, a local decline is possible, and after returning to the trend line and a squeeze, the price can continue to move to the liquidity gap of $58-63.
✅What will indicate the presence of a buyer? The volume indicator will help identify if someone is accumulating a position before the trend line breakout. Therefore, it is essential to keep an eye on volume.
🚩What could stop the growth? It is necessary to pay attention to false breakouts of the local highs of $48.5 and $55. A big player can push the price up to make long traders fuel for the dump. Also, Bitcoin and Ethereum should indicate buyers power.
💻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 has rebounded from resistance and is gaining energy. 4HCHARTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe.
As you can see, the price is moving above the local trendline.
Let's start by identifying the stop loss we have in the near future:
SL1 - $ 1.1154
SL2 - $ 1,0001
SL2 - $ 0.9968
Now let's move on to the goals we may consider:
T1 - $ 1.2724
T2 - $ 1.3890
T3 - $ 1.5492
Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy for the next move, while in the MACD indicator we see that the blue line crosses the red one from above, which could potentially lead to a further decline in the price.
Be careful and use stoploss in the short-term game.
📈XTZ: pullback and trap by the whales! Should you open a long?📊Tezos (XTZ) looks stronger than the most of altcoins. After the fall, it almost didn't consolidate and started to grow, which shows high demand.
But a local pullback is possible. How will it happen?
📊The price is now in a triangle and a pullback is possible under the lower boundary of this triangle in order to collect liquidity (stop losses) of long traders below key level $1.76. False breakout return the price in the triangle zone and make short traders, who will open shorts on a breakdown, push the price higher and higher, closing their losing trades.
🚩It's essential to look at volumes. Exactly on the volume indicator we can see the confirmation of our idea. The growth of volumes will show that a large number of trades have been made, which means there is interest from a big player.
✅The first target will be the key level of $2.88.
💻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.
🔥ADA: don`t miss second opportunity! Squeeze before breakout!Cardano (ADA). The price reached the first target of $0.52 level. This altcoin has all chances to reach the second target of $0.6.
How the entry point were identified:
1. someone buy a lot of Cardano at the bottom. You can see it at the volume indicator, which shows us amount of traded coins or $. The bars grow after the bottom were riched and second time before trendline breakout.
2. squeeze under the trendline which is bullish signal.
3. 2-3 weeks of consolidation of crypto market. BTC show signs of strength.
If Cardano starts to squeeze under the trend line after a small consolidation (accumulation of power), it will be a good opportunity to open a long with a short stop-loss and excelent RR 1:7-9.
Why this targets? As you see at the horizontal volume indicator there is huge valua areas which become a resistance for the price. But after a few week consolidation Ada have enough power to reach the second target.
💻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.
📊DOGE: is it happen now? Don`t miss the chance!Hi, friends! DOGE is pumping on the news from Elon Musk, and the whales continue to sell well on it. What to do next time to not miss the long?
Notice how volumes rise on the lows and the highs. After the last fall, the volumes were huge, a large amount of liquidity to buy for the whale. Local sales on news from Elon and after a breakdown of the trend line. Local selling is perfectly visible on the volume indicator.
📊The possible scenario is a bear trap after a local pullback. When the global trendline is broken up, the price went up a few %, but stopped in the resistance zone of $0.083-0.09. This shows the weakness of Doge and a local pullback is possible. But where to?
Pullback to the global trendline is most likely. After a false break down, it could be a bear trap, after which the teddies will become fuel🔥 for growth.
📊The targets:
🔶$0,105-0,11
🔶$0,125-0,13
✅These value zones can stop the price, most traders will close their trades here.
💻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: you can't run away from a SCAM.📊Actually, it`s +15% after the last idea. You can read about why the STEPN fell and possible scenarios of pump or dump in this idea.
📊At the moment on the volume indicator we can see an increase in volume at every test of the bottom, which means that the coin is being bought back. Especially it can be seen on the massive sell-off when the price temporarily renew its lows (2) and the coin has already risen by 50% after that. Definitely a sign of strength.
🔶1. $1.31-1.54 is the largest zone of value, a strong resistance for the price. After the 50% growth, GMT should consolidate under this area for some time, to accumulate the strength for continued growth.
🔶2. $1.87-2.02 - the first target, a value zone, an even number. Traders who bought a $1 coin will close their longs.
🔶3. $2,53-2,77 - the second target
✅Friends, trade with stop losses, this is a must. Remember, the Chinese players, were the main players and now this market is being shut down for STEPN. Even if the volume indicator shows buying, remember what happen to LUNA!
Do you think this is a scam or should we expect a strong growth of Move-2-earn projects and STEPN will be the largest of them? Let me know in the comments!
💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
GMT STEPN - 3 Days, 56% Higher 👟 ✔️Target hit for GMT and price might need to take a small break and a possible revisit at 1,15$ before going higher.
A classic example of how powerful crypto trading can be:
GMT STEPN - ON MAJOR SUPPORT (AGAIN) 👟:
Despite the noise of ''Chinese Crypto Regulations Force NFT Gaming App Stepn to Block Mainland Users'' the level served as a classic support we love to Buy...
One Love,
the FXPROFESSOR
🚀WAVES: the hype is back! Is the scenario repeat again?Hi friends! As you all see WAVES starts pumping, It`s +34% in the few hours. Should you buy now? Let's go into more detail about this situation!
According to the pattern which Waves follows, the price need to stay a little bit in consolidation to let the whales buy more coins and letter sell it out to retail traders on hype.
The targets:
1. $5.75-7.35 - first value area and huge resistance for the price. I think the price will consolidate below this area until BTC will not make +25-30% and buyer return to the crypto market.
2. $12.20-14.70
3. $20.64-23.80
I`ll try to find the best entry point at the trendline breakout alonfg with some bull traps or manipulations, because it`s one of my favorite strategy.
Of course growth will happen if Bitcoin show the strength and starts growing. As you know. almost 99% follows the BTC movements.
The price can continue the growth on some excelent "news", but if you`ll buy it, is it a trading actually? Share your experience how do you earn on the news! Let me know in the comment!
💻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.
🚀GALA: trandline breakout! Is it possible now?The Gala rebounded nicely after the fall, but after that it made long traders fuel for a 30-40% drop. Now traders in the crypto market are scared and do not understand what reade to open (long or short?). In this idea I will tell my thoughts about Gala, closest targets and preconditions for a possible long.
What can be marked out on the chart?
1. the price rebound of 100% after the fall, caused many traders to buy in. After the last drop to $0.65-0.68 support, most had to sell their GALA.
2. Rising volumes every time the "bottom" was tested. On the volume indicator, you can see the volumes rising every time and the price bounce. A sign that someone may be accumulating a position.
3. 2 unsuccessful tests of the trend line and a return to it. A positive signal, a sign of bullish strength.
What to expect in order to open a long position?
🔶A squeeze under the trend line.
🔶Watch for Bitcoin, which should also look strong.
Another liquidity pickup below the $0.65-0.68 support level is possible. Keep an eye on volumes, which should rise in this case.
Targets for a long:
1. $0.094-0.1
2. $0.11-0.12
💻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 - Let's Go For A Run!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last GMT analysis, we were waiting for GMT to break above 2.0 OR retest the 0.75 - 1.0 zone to look for buy setups.
Now since GMT is around our 0.75 - 1.0 demand zone , we will be looking for buy setups on lower timeframes.
on H1: GMT is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, GMT would be overall bearish can still trade lower.
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GMT There are 3 targets ahead👌The desired currency code, as you can see, has done the necessary analysis and is now ready for the 3 targets.
If you want to buy a currency code, now is the time to buy.
The analysis you are looking at is the specific method of the servant and the trading strategy is called the servant.
Green Metaverse Token GMT STEPN: Is this the moment of truth?GMT Green Metaverse Token STEPN could be forming a potencial W-Pattern to retest the support level at 0,80 $. The golden pocket from the Fibonacci Retracement comes in directly with the downtrend line at 1,40 $...what a perfect confluence. :-)
I will update you here if the W-Pattern really plays out and what the price target is. All in all GMT must break the 0,618 to 0,65 Fib Level.
GMT is Scam coin!!!!!!!!!!!!GMT Price Prediction: Is STEPN Legit Or A Scam?
Abdullah Sarwar·Cryptocurrencies·May 25, 2022, 16:02 BST
Our GMT price prediction is not looking great as the price has failed to generate any reversal signals. On 12th May 2022, Green Metaverse Token (GMT) dipped to the lows of $0.81, shedding most of its gains from the last month. A relief rally took the GMT coin to the $1.49 level, from where it faced another rejection.
Green Metaverse Token (GMT) is the native asset of the STEPN app. The app leverages NFTs for its novel move-to-earn platform. The protocol is built on Solana and allows the users to monetize their workouts like running, jogging and walking. At the time of writing, GMT price is trading at $1.38, which is 66% below its all-time high of $4.11.
Psychological term: 👁️🗨️ Pareidolia 🧠Pareidolia (/ˌpærɪˈdoʊliə, ˌpɛər-/; also US: /ˌpɛəraɪ-/) is the tendency for perception to impose a meaningful interpretation on a nebulous stimulus, usually visual, so that one sees an object, pattern, or meaning where there is none.
In other, more simple words: We See What We Want to See
Obi-Wan Kenobi once advised Luke Skywalker to not trust his eyes, because “your eyes can deceive you.” Most of us can recall an instance from our own non-Jedi lives when these words rang true. Think of a time when your eyes saw what they wished to see: a person you were thinking about on a busy street, a heart-shaped pebble you were looking for on the beach.
This phenomenon, called motivated perception, has been explored in psychological research for decades. Indeed, the world as we conceive it in our awareness is not exactly an accurate representation of what it truly is. Our perception is often biased, selective, and malleable.
Even our desires can affect what we see by impacting the way we process visual information.
IN TRADING:
We see what we want to see. You guys can see a million different ideas but your eye is just a gateway to the brain and that's where the problems start:
You will See what YOU WANT to see..and you will act accordingly.
Will make a small video to elaborate on this withe some tips on how you can protect yourselves from your own EYES!
One Love,
the FXSHRINK
GMT/USDT Short? #Signal @everyone Looks like GMT/USDT has finally decided to start its leg down (possibly in part due to app maintenance delays)
Regardless $2.90 area looking pretty certain
$2.05 - $2.10 wouldn't be surprising
Below that support is right down around $0.85 - $1.15,
cant see it going that low unless some project development issues arise but there is always a chance.
Trade safe guys and girls remember money management :)