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GFT / TetherUS

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GFTUSDT trade ideas

GFT has set the stage for a trend changeToday I want to consider the position on GFT, which, along with VIB, I am considering to work first. The second half of the quarter opened above 0.015, which gives a signal to maintain purchases. The re-trading in the range of 0.0150-75 is almost finished, and when fixed above the upper limit, you can prepare for a transition to the flat range near the key level for volatility growth of 0.025 +-0.0025. In case of a successful breakdown of 0.025, the road will open to 0.035 and 0.050. In a positive scenario, a new monthly candle will open above 0.025, in which case the continuation of the trend will be quite confident. With a more negative market from the 0.025 test, we can see a pullback, in which case a new opportunity will be formed to profitably top up the position in order to continue the trend in the new month. As I have mentioned more than once, GFT has very high liquidity due to its wide presence on exchanges and the availability of derivatives. The only thing keeping the price from the rocket is the monitoring tag on the binance, which I think will be removed in the future. A similar reversal pattern was worked out on VITE. Technically, the picture is similar.
Long
by Strateg_
Trade Setup: GFT/USDT (1D)Trade Setup: GFT/USDT (1D) Chart Overview: GFT is currently respecting a long-term ascending trendline (green line) after a period of consolidation. The price recently bounced from this trendline, indicating potential bullish momentum. Entry: Consider entering around the current price level ($0.0196), especially if the price continues to hold above the trendline. Targets: Target 1: $0.0260 (First major resistance) Target 2: $0.0320 (Prior high area) Target 3: $0.0460 (Potential breakout level) Stop Loss: Place a stop loss slightly below the trendline at $0.0170 to protect against a downside break. Risk/Reward: Favorable with a potential 2:1 or 3:1 ratio, depending on entry and target levels. DYOR NFA
Long
by CRYPTOMOJO_TA
GFTUSDT.1DIn this technical analysis of the GFT/USDT daily chart, I dissect recent price movements and technical indicators to predict future trends and pivotal trading levels. Key Observations: 1. Current Price and Movement: • GFT/USDT is trading at $0.01970, experiencing a rise of 3.63% today, indicating renewed interest or buying pressure. 2. Support and Resistance Levels: • R1 (Resistance Level 1): Marked on the chart but not numerically identified, serves as a key obstacle to upward movement. • R2 (Resistance Level 2): $0.03000 - Represents a significant upper resistance which, if breached, could suggest a bullish trend reversal. • S1 (Support Level 1): $0.01362 - Current primary support level that the price needs to hold to prevent further declines. • S2 (Support Level 2): $0.01130 - This lower support level may come into play if S1 is broken, indicating a stronger bearish sentiment. 3. Technical Indicators: • MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum despite today’s price increase. • RSI (Relative Strength Index): At 43.27, the RSI is near the lower half of the neutral range, which might indicate that the asset is not yet oversold, allowing room for downward or upward movement. Analysis and Conclusion: The price of GFT/USDT is currently in a delicate balance, hovering near a historically significant support level at $0.01362. Today’s positive price movement could be the start of a potential upward trend or a temporary rebound in a longer bearish phase. The proximity of the MACD lines, despite being in a bearish configuration, suggests that bearish momentum may be waning, and a trend reversal could be forthcoming. However, for a bullish trend to confirm, the price needs to break and sustain above the immediate resistance at R1 and then target R2 at $0.03000. Conversely, should the price fail to sustain this level and breaks below S1 at $0.01362, the next level to watch would be S2 at $0.01130, which could further confirm the bearish market sentiment. Traders should monitor these levels closely and look for confirmation from MACD and RSI for stronger signals on the direction. The current state suggests a cautious approach; watching for a potential breakout or breakdown around these key levels will be crucial for confirming the next significant move. As always, consider employing risk management strategies such as stop losses to protect investments from unexpected market moves.
by MarsSignals
GFT USDT bullish wave if btc stops to rug the market GFT looks ready for a new bullish wave. bullish divergence on 6H/12H TF playing out and recover the daily support (orange line) is the key to keep momentum higher. Bullish divergences playing out on 12H timeframe normally showing a potential for a bounce from the area. Retest yellow box to enter and wait for the setup to complete next weeks. Increase in volume (which is paramount to have a decent size move to any direction) and major Support/Resistance level (orange line) touched on daily time frame (demand zone). You can buy yellow area according to demand > trading volume > hence previous Price Action.
Long
by Psychometriks
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