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.
Gmtusdtsignal
GMT/USDT Could GMT break the resistance and continue upward ??💎GMT has recently undergone significant market dynamics. Presently, GMT is undergoing an upward climb, with a backtest on the bearish OB underway. However, for GMT to sustain its upward trajectory, it needs to overcome the resistance in this area.
💎 A successful breakout above the resistance would pave the way for further upward movement. Additionally, breaching the Bearish OB would signify a bullish momentum, potentially leading GMT to reach our target strong resistance area.
💎 On the contrary, if GMT faces rejection at the resistance level, it could trigger a downward movement towards the demand area to establish new momentum. It's noteworthy that a Head and Shoulders (HNS) pattern is visible on the chart, indicating a potential reversal.
💎 Therefore, GMT must bounce back to the demand area. Failure to do so and a subsequent breakdown below the demand level would validate the HNS pattern, leading to a significant continuation of the downward movement.
GMT/USDT If Breakout is happening, potential GMT back to Upward!💎GMT has recently shown significant market dynamics. After a strong bounce from the demand area, GMT is now facing a key challenge at the resistance zone.
💎 A successful breakout above this resistance could pave the way for further upward movement, probability allowing GMT to reach our target supply area.
💎 However, if GMT fails to climb above the resistance and retreats back to the demand area, it may need to establish new momentum from there.
💎 A concerning scenario would unfold if GMT breaks below the demand area, indicating a continuation of the downward trend. This would signal bearish sentiment and could lead GMT back to the bottom support level, initiating a bearish season once again.
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
GMTUSDT - reaction to unlocking coins.After unlocking the coins.
The price is kept at a level.
Will break the trend line and open the trade.
if you like the idea, please "Like" it. This is the best "Thanks!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profits in installments. Withdraw profits in fiat and please yourself and your friends.
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!
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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.
GMT USDT LONG & to the Moon GMT long idea - TP 0.5 - 0.54 - 0.58 and to the Moon ! In case the Bitcoin bull run continues. I have the position already open.
And don't forget to book your profits on the way!
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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.
GMTUSDT Potential PositionAs observed on the chart, GMTUSDT on the hourly timeframe has a bullish RSI divergence and it is simultaneously showing weakness in its bearish trend. Its price is highly likely to move up until its CHOCH zone.
Once price taps this zone it would probably continue its bearish trend and give us an entry for a short position. However if the CHOCH zone is broken, price could reverse its trend and continue the bullish movement.
GMTUSDT Short ScenarioMarket overall formed a downtrend, and on a 1h timeframe we can see a correction upwards, but recently market broke its higher lows sequence, went above the point of structure break, we are waiting for market to fall down to 1.44 zone which is where it broke a structure and we forecast it will continue falling down.
Entry: 1.44 (Or now for better R/R but more risk)
Invalidation: 1.65535
Target: 0.92347