GMT Holders! FOLLOW ME~!Hello, guys!
This is ESS team.
This Chart is GMTUSDT.
If it is supported by the ORANGE downtrend line, It is expected to break through the RED long-term downtrend line.
After breaking through, It will reach the PURPLE downtrend line as it can.
If it isn't supported by the ORANGE line, It will try to rise again after consolidation at the GREEN downtrend line.
Gmtusdtidea
GMT target 0.46 & 0.64h time frame
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GMT is creating a potential cup and handle structure since our last analysis(as below).
We can set up a new trading plan from this CH and original Elliott impulse wave. Both of them indicate that the first target is around 0.46, and final is 0.6.
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TP: 0.46 / 0.6
SL: 0.2665
GMT/USDT 1 DAY TF Analysis: Bullish Momentum BuildsBINANCE:GMTUSDT
GMT/USDT Technical Analysis: Bullish Momentum Builds
GMT/USDT has been in a strong uptrend since early October 2023, with the price increasing by over 8% in this month.
Bullish Divergence
The RSI indicator is showing bullish divergence, which is a confirmation that the price is likely to move in an upward direction in the coming days.
Support
GMT/USDT has created a strong support level at the current price level. This is because the price has been trading above this level for the past 6 days. This suggests that there is strong buying pressure at this level, and that the price is unlikely to fall below this level in the near future.
Outlook
The outlook for GMT/USDT is bullish in the short to medium term. The uptrend is likely to continue, and the price could reach new highs in the coming weeks. However, it is important to note that the market is volatile, and there is always the possibility of a correction.
Traders may want to consider going long on GMT/USDT with a stop loss below the recent swing low.
Risk Management
It is important to note that all investments carry risk, and there is no guarantee of profit. It is important to do your own research before making any investment decisions, and to risk only what you can afford to lose.
GMTUSDT Elliott Waves Analysis (Time to correction)Hello friends.
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Everything on the chart.
Like for me, time to correction.
Entry: market and higher
Target: 0.5 - 0.45 - 0.4
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
GMTUSDT Elliott Waves (midterm expectations)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and higher
Target: 0.42 - 0.36 and maybe 0.33
after first target reached move ur stop in breakeven
Stop: (depending of ur risk). ALWAYS follow ur RM .
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
GMTUSDT Analysis (Local Setup)Hello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
Entry: market and lower
Target: 1.2 and ~1.35
after first target reached move ur stop to breakeven
Stop: ~0.76 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.