GVT/BTC (Testing Major Support?)💎Technical Analysis Summary💎
BINANCE: GVTBTC
-Genesis Vision is barely touching major support area
-This zone has been tested as support since Sep 2019 & Mar 2020
-If history repeats itself, we might see an upside correction
-But I will not take a risk to open a Buy order
-Waiting for proper reversal confirmation is a must
-Reducing the risk involve and setting a good risk to reward ratio
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Not Financial Advice
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Gvtethereum
There is a trading opportunity to buy in GVTETHTechnical analysis:
. Genesis Vision/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. While the price downtrend in the daily chart is not broken, bearish wave in price would continue.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.030000 to 0.025780). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.030000)
Ending of entry zone (0.025780)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.035600
TP2= @ 0.038720
TP3= @ 0.044050
TP4= @ 0.046700
TP5= @ 0.053170
TP6= @ 0.059650
TP7= @ 0.080580
TP8= Free
There is a possibility for the beginning of an uptrend in GVTETHTechnical analysis:
. GenesisVision/Ethereum is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.030500 to 0.025270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.030500)
Ending of entry zone (0.025270)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.036370
TP2= @ 0.040970
TP3= @ 0.044050
TP4= @ 0.049490
TP5= @ 0.057960
TP6= @ 0.068460
TP7= @ 0.085390
TP8= Free
There is a possibility for the beginning of an uptrend in GVTETHTechnical analysis:
. GENESISVISION/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.028950 to 0.025270). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.028950)
Ending of entry zone (0.025270)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.036370
TP2= @ 0.040970
TP3= @ 0.044050
TP4= @ 0.049490
TP5= @ 0.057960
TP6= @ 0.068460
TP7= @ 0.085390
TP8= Free
There is a possibility for the beginning of an uptrend in GVTETHTechnical analysis:
. GENESISVISION/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.035800 to 0.028950). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.035800)
Ending of entry zone (0.028950)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.044050
TP2= @ 0.046950
TP3= @ 0.049490
TP4= @ 0.057960
TP5= @ 0.068460
TP6= @ 0.085390
TP7= Free
