GMT/USDT - Target reached at 1,85 - What next?GMT/USDT - Target reached at 1,85 - What next?
previous analysis :
context :
The GMT token surged to the upside reaching the expected target at 1,85 in few days. This strong impulsion cycle is not finished as long as 1,27 stay support in order to develop a wave 4 as standard consolidation before a last push up.
It make sense to take profit for those who play the upside since the bullish exit of the triangle in wave 2 because the RSI is showing quiet good bearish potential in order to be exhausted.
Key Elements:
- EMA support 1,66
- Key fibo level wave 4 = 1,66/1,48
- Impulsion Elliot wave target at 3,02 wave 5 target (log scale)
- 1,27 key auto similar move
Tactical view 1 to 3 Weeks
Above 1,27 buy any dips (1,66/1,48) to play 3,02 to play the wave 5 (last push up)
Keep going my friends - it is now or never for us !
