GMTUSD
GMT-4HA highly anticipated new coin, I don't really know what's the hype but here is a quick TA with few information.
A clear breakout from the downtrend, currently sitting on the weekly pivot point.
I don't recommend long positions since it had no correcive movement in 1 month, but if you wanna give it a shot,
possible targets are on the chart. Make sure you use a tight stoploss.
NFA, DYOR.
GMTUSD targeting $10.00GMTUSD has developed a Parabolic Growth Channel on the 4H time-frame, similar to the long-term one of Bitcoin. In the past two candles, it appears to be staging a break-out from its All Time High. The last time it broke above an ATH following a consolidation, was in March 28 and initiated a rally. The RSI bounced well on its Buy Zone, so a break above the Resistance can send it to the next Fibonacci extension level of 4.0 ($3.90).
Based on the Parabolic Channel's top and the Fibonacci Time Zones, if every phase is double in duration, then the current one could top a little above the 5.0 Fib extension at $10.00 around May 04.
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GMT/USDT TRADE SETUP! READY TO PUMP 160%!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as financial advice.
LONG #GMTUSDT
ENTRY: CMP and add more up to $0.79
SELL- 75%
STOP LOSS: $0.74
Leverage - 5x
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GMT - Potential buying timing!BYBIT:GMTUSDT
4H trend chart
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GMT is converging and approaching to the downtrend line(resistance) currently.
If price can break out the downtrend line, trading strategy as below.
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Profit Targets:
a) 2.7093-----Blue horizontal ray
b) 3.1341-----Fib(1)
c) 3.7059~3.9731-----Fib(1.272~1.382)
d) 5.2362-----Fib(2)
Stop losses:
a) 2.0126-----Red horizontal ray
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GMTUSD Buy levels if you missed the rallyGMTUSD is one of the hottest coins around having seen an incredible rise since March 09. Naturally not everyone had the insight to get in on this rally but having traded for almost 1 month, we can see some levels and pressure points on the 4H time-frame that can help those who missed it, get a solid entry.
As you see, this uptrend is being supported by the 4H MA50 (blue trend-line). Every .5 Fibonacci peak (1.5, 2.5, 3.5) is followed by a consolidation within that and the .0 below (1.0, 2.0 and 3.5 respectively). If this correlation continues to hold, then we should now see a new consolidation within the 3.5 and 3.0 Fib extension levels. Ideally, new buyers can wait for the 4H RSI to hit its Buy Zone (50.00 - 43.00) before entering.
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