Gauusdt Trade OpportunityGAUUSDT recently broke down from a rising wedge pattern, testing a critical support area, which led to a strong bounce. This bounce suggests that if the price can break above the significant supply zone, it could trigger a continuation of the rally, potentially reaching the 0.2 area. However, there is a risk of rejection at the supply zone, which could drive the price back down towards the neckline. This could present a re-accumulation opportunity.
It's important to exercise caution, as this support zone appears to be the final major demand area. A breakdown below this level could signal the onset of an extended correction, potentially forming wave leg C. This scenario would suggest a deeper bearish move.
Careful monitoring of the price action at these key levels is essential for making informed trading decisions. Your thoughts on this analysis and GAUUSDT’s future movement would be valuable.
GAUUSDT trade ideas
Major Move Ahead? #GAUUSDT Breakout Alert! Yello, Paradisers! Have you set your sights on #GAUUSDT yet?
💎We've observed that #GAU has successfully broken above a key resistance level at $0.0604. If it manages to sustain this momentum, there's a high probability of a bullish move.
💎Previously, #GAU followed a descending resistance line for a long time, and its recent breakout indicates a potential upward trend. With the current bullish sentiment, if the price sustains and the bulls remain in control, we can expect a move targeting levels above the strong resistance zone.
💎However, what if #GAU faces a strong rejection from the internal resistance at $0.0867 and loses momentum? As savvy traders, we should look for a bullish rebound after a proper retest confirmation at the lower support level of $0.0439.
💎During this phase, many inexperienced traders might immediately open short positions and get trapped. If the price breaks below this support and it turns into resistance, it's time to plan short positions as the market could drop significantly.
Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
Gamer Arena GAU price still have a chance to grow?It seems that the time is slowly coming to the crypto market when coins with a small capitalization, which belong to the category of "memecoins" or "gaming industry", are actively starting to pumped
Coins from the "gaming industry" have at least some practical application, unlike memecoins.
That is why today we are talking about Gamer Arena, a gaming platform launched in 2020 with more than 30 games.
GAU is a gaming token that powers the ecosystem.
What we can see in the chart:
At the end of 2023, was organized a trial pump of GAU x5 coins. Users liked it)
In February 2024, the price increase of GAUUSDT has already amounted to x30
The current capitalization of GAU is only $39 million
Previously, GAU could be bought only on DEX, now it is listed on CEX
Now it is clear that MM is holding the GAU price even on the correction of the CRYPTOCAP:BTC price, and there is probably a task to drive the price even higher.
If the price of GAUUSDT reaches $0.42, the market cap will be $117mn
If the price of GAUUSDT reaches $0.68, the market cap will be $189mln
If the price of GAUUSDT reaches $1.36, the market cap will amount to $379 mln
It's a lot or no, real or not....
DYOR
