GT Technical Analysis in Weekly TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
NASDAQ:GT is in a bullish trend and has maintained a decent level so far. With the recent rebound, NASDAQ:GT has respected the old support trendline and the 50 EMA.
The continuation of the rebound is likely to test the $11 resistance trendline. A breakout above the trendline could potentially create a bullish sentiment for $GT.
Key levels:
- Support: $6.4.
- Primary Resistance: $11.
- Target: $30 to $50.
- Invalidation Point: A close below the historical support trendline.
DYOR, NFA.
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