Gmtshort
GMT short setup hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
GMT in the local uptrend, SHORTHello 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 - $ 0.9975
SL2 - $ 0.9070
SL3 - $ 0.7979
Now let's move on to the goals we may consider:
T1 - $ 0.9994
T2 - $ 1.0598
T3 - $ 1.1099
T4 - $ 1,7579
Looking at the CHOP indicator, we can see that in the 4H interval most of the energy was used, while the MACD indicator indicates a local upward trend.
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 at 15m intervalHello everyone, let's take a look at the GMT to USDT chart on the 15 minute time frame.
As you can see, the price is moving below the local downtrend line.
Let's start by determining the stop loss we have in the near future:
SL1 - 0.807 $$
SL2 - $ 0.208
Now let's move on to the targets we can consider:
T1 - $ 0.998
T2 - $ 1,103
T3 - $ 1,188
T4 - $ 1,272
T5 - $ 1,389
Looking at the CHOP indicator, we can see that in the 15-minute interval most of the energy has been used.
Are You Rdy GMT DOWN>?👌👌👍👍Well, now it's time to analyze the desired currency code for you and explain the reason for the decline.
First, we are witnessing a high divergence and it should take a downward trend.
Second, from the point of view of Elliott waves, it must complete its waves and take a downward trend, and the beginning of the waves is ready to work.
The third has reached the top of the ascending channel and must return.
The fourth trading volume has come down.
Your friend Manouchehr Azar
GMT may be gaining strength for growthHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the line of support and as you can see the first support that the price has now relied on is $ 3.17, if the support breaks down, the next is $ 2.97 and $ 2.73.
Now let's move from the resistance line, as you can see the first resistance is $ 3.36, if you can break it the next resistance will be $ 3.58 and $ 3.77 plus $ 4.42.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, while the MACD indicator indicates the beginning of an uptrend.
It is worth noting that the price stopped at the support and the price consolidation started, this may mean a potential upward move.