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GMTUSDT trade ideas

GMT; Where is the Bottom?Hello Traders! CTDave here again with another daily price analysis chart. Today I will be analyzing GMT, a coin that has produced a lot of attention to itself. Many might have generated lots of profit from it, and others might have lost a lot during its’ crash because of the China ban. You might ask “Where is the bottom?” and a possible answer lies down below As you can see, there is a strong resistance level (marked with a “Resistance” bubble), and GMT is almost at that level. The red arrow shows how I expect the price to move. The RSI also shows that GMT is almost overbought which shows that it’s going down. Now, if the price retraces when hitting the $1.05 level, we know that the price might follow the blue arrow. If it tanks lower, then upon reaching the $0.85 level, it might either go up (orange arrow) or continue down (green arrow). Thanks for reading! As always, I encourage everyone to please like, comment, and share my ideas, and follow me for more of these posts to be kept updated. Happy trading! Thank you! Note: I am not a financial advisor, please do not trade solely based on my trading decisions. Do your own research or consult a professional financial advisor before conducting a trade.
Short
by CTDave
1
GMT, below the uptrend line.The following content is machine translation: GMT, below the uptrend line. On the 4-hour chart, it hit a low of 0.8 on May 12, stopped falling and rebounded, and then stepped back and rebounded around 0.8. The high point of this rebound is lower, and it currently falls below the rising trend line of this rebound, and it may drop again. To the vicinity of 0.8, bearish. The zero axis below the speed line of the macd indicator will run below. The RSI indicator is near the oversold zone, bearish. In operation, it has fallen below the rising trend line, but the continuous decline and the RSI indicator are rising near the oversold zone, and it may rebound a bit. Here, you can wait for the rebound to weaken and go short and look down at around 0.8.
Short
by LochubT
2
TARGET PROJECTION FOR GMTUSDT IN THE DIARYPrice formed a double bottom pattern, in a downtrend, also characterizing a descending triangle and, in my view, if it breaks ~up, the price can seek this price projection. Obviously it may take a few days, even because the chart is in the diary. But I believe you can look for that price region. disclaimer *** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. *** Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Long
by luizhcruz
2
GMT has rebounded from resistance and is gaining energy. 4HCHARTHello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe. As you can see, the price is moving above the local trendline. Let's start by identifying the stop loss we have in the near future: SL1 - $ 1.1154 SL2 - $ 1,0001 SL2 - $ 0.9968 Now let's move on to the goals we may consider: T1 - $ 1.2724 T2 - $ 1.3890 T3 - $ 1.5492 Looking at the CHOP indicator, we can see that in the 4H interval we have a lot of energy for the next move, while in the MACD indicator we see that the blue line crosses the red one from above, which could potentially lead to a further decline in the price. Be careful and use stoploss in the short-term game.
Short
by cryptodailyuk
GMTUSDT ! double bottom. Will there be a change in trend?GMTUSDT in consolidation. A double bottom pattern is forming around the 0.800 support. A false breakdown of the strong support at 1.1000 was also made. The price returns beyond the level and consolidates above. I'm guessing the price will go up. Change from a downtrend to an uptrend. The potential is great, I'm waiting for the price increase. In the short term - 1.7281. In the medium term - resistance 2.7513 Sincerely, R. Linda!
Long
by RLinda
20
🏃GMT: you can't run away from a SCAM.📊Actually, it`s +15% after the last idea. You can read about why the STEPN fell and possible scenarios of pump or dump in this idea. 📊At the moment on the volume indicator we can see an increase in volume at every test of the bottom, which means that the coin is being bought back. Especially it can be seen on the massive sell-off when the price temporarily renew its lows (2) and the coin has already risen by 50% after that. Definitely a sign of strength. 🔶1. $1.31-1.54 is the largest zone of value, a strong resistance for the price. After the 50% growth, GMT should consolidate under this area for some time, to accumulate the strength for continued growth. 🔶2. $1.87-2.02 - the first target, a value zone, an even number. Traders who bought a $1 coin will close their longs. 🔶3. $2,53-2,77 - the second target ✅Friends, trade with stop losses, this is a must. Remember, the Chinese players, were the main players and now this market is being shut down for STEPN. Even if the volume indicator shows buying, remember what happen to LUNA! Do you think this is a scam or should we expect a strong growth of Move-2-earn projects and STEPN will be the largest of them? Let me know in the comments! 💻Friends, press the "like"👍 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade.
by Yuriy_Bishko
9
GMT - Let's Go For A Run!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last GMT analysis, we were waiting for GMT to break above 2.0 OR retest the 0.75 - 1.0 zone to look for buy setups. Now since GMT is around our 0.75 - 1.0 demand zone , we will be looking for buy setups on lower timeframes. on H1: GMT is forming a trendline but it is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, GMT would be overall bearish can still trade lower. Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
14