GMTPERP trade ideas
STEPN - Looking great, don't let FOMO draw you inYes, this looks like a fantastic time to buy. But is it? No. Until the super simple chart with the trend line is breached decisively, there shall be no buy. If the trendline is not broken, then we're just set for more down and lower lows. Want to lose all your money? Plough it in based on FOMO. If you do not want you bank account to go to $0.00 then step back, zoom out and keep an eye on the signals to ensure you're not putting good money after bad. All the glitters is NOT gold. Follow for more.
STEPN (GMT)Stepn is a fitness play-to-earn game in which you can buy NFT sneakers and use to earn in-game currency (GMT and GST) while walking, running or jogging. The GMT price rose significantly due to project popularity. After the pump, GMT entered a downtrend move making lower lows. Recently, after price broke the downtrend line, it seems price have made a higher high and a higher low. Another HH and HL can confirm the reversal and start of upward wave. Let's see what happens.
GMT will 10x in a few months! Buy nowTechnical analysis
GMT is one of the most promising coins to hold for the next few days and weeks. We can see that the price has been stuck in this rectangular trading range for almost 4 months. Now the price is ready for a massive breakout! It's good to buy GMT now, as pullbacks will probably not be available. My Elliott Wave count suggests that we are now starting a wave (3), which is usually the strongest wave of all of them! What you probably want to do is trade a breakout of the first impulse wave. Let me know what you think about my analysis, and please hit boost and follow for more ideas. Trading is not hard if you have a good coach! Thank you, and I wish you successful trades.
What Is GMT?
GMT is the native token of the FSL ecosystem, with a fixed supply of 6 billion tokens. GMT is well used in all FSL ecosystem products to be burned, used to unlock various functions and perks.
Satoshi Lab (FSL) is a fast growing web3 product development studio. STEPN is a Web3 app that combines Game-Fi and Social-Fi elements, focusing on encouraging people to move more. Users equip NFT Sneakers to walk, jog, or run outdoors, earning tokens and mystery boxes. STEPN's goal is to promote a healthier lifestyle, help fight climate change, and introduce people to Web3.
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GMTUSD At the top of the Channel Down. Tight trading.STEPN / GMTUSD crossed over the 1day MA50 today (first time since April 19th) and hit the top of the Channel Down.
This is a sell opportunity. Short and target the bottom at 0.18000.
If the price crosses over the 1day MA100, buy and target the 1day MA200 at 0.33000.
Further breaking over the 0.5 Fibonacci level, is a new buy opportunity with the 0.786 Fibonacci as the target at 0.51000.
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GMTUSD The MACD Bullish Cross about to send it to a new rallyStepn (GMTUSD) is about to form a Golden Cross on the 1D time-frame for the first time in its history. While this is a huge bullish development, it is the emerging Bullish Cross on the 1D LMACD that can send it to the 1W MA50 (red trend-line) and the top of the Bear Cycle Channel. A similar LMACD Bullish Cross below the 0 line on January 04 was what started the enormous +220% rally. We have a 1st Target at 0.9000.
If the bottom formation is an Inverse Head and Shoulders pattern, then we expect a test of the 0.618 Fibonacci level before summer, setting Target 2 at 1.35000.
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