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GMTUSDT trade ideas

GMTUSDT potential for a drop! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 2.77392 where the horizontal swing high resistance and 23.6% Fibonacci retracement is to our 1st support at 2.24956 in line with the 161.8% Fibonacci extension . Alternatively, price may break 1st resistance structure and head for 2nd resistance at 3.05192 where the 38.2% Fibonacci retracement and horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by FXCM
GMTUSDT potential for a drop! | 9th May 2022On the H4, with price expected to reverse off the ichimoku cloud resistance, we have a bearish bias that price will drop from our 1st resistance at 2.77392 where the horizontal swing high resistance and 23.6% Fibonacci retracement is to our 1st support at 2.24956 in line with the 161.8% Fibonacci extension. Alternatively, price may break 1st resistance structure and head for 2nd resistance at 3.05192 where the 38.2% Fibonacci retracement and horizontal pullback resistance is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
StepN | UpdateUpdate to my initial analysis on $GMT. TLDR; *GMT + GST Losing strength due to trickle down effect in the M2E category. ie. people taking profits and rolling into other M2E projects to maximize profit potential on their "steps". *General market strength has persons diversifying out to other tokens/ people taking profit. *A question of sustainability. Can $GMT continue this rapid growth in this current market? -------------------------------------------------- Current short term price action is displaying one of my favorite momentum patterns where price rides a Moving Average onto support or resistance and then eventually breaks the level with volume; more or less known as an ascending or descending triangle. Diagram to the left shows exactly how these usually play out. (This specific diagram is a reverse of the same pattern on 4/24). For a short term trade/ momentum following, this seems to be an okay area to go short with a tight stop above recent highs and also the 21EMA. There is potential for price to fall back to previous ATHs and also the 100MA and find support. In addition to the above, its also possible that price have an even bigger pullback to fill some price inefficiencies. Refer to the posts linked below as I will be updating them as well, as time goes on. The linked video goes into detail on an intraday chart about the short term trend change on GMT & GST, which is the beginning of this current pattern.
by N0ST0PL0SS
GMTUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a 4-hour-time frame analysis for GMTUSDT It is clear that the price is fluctuating in the middle of the channel. It is expected to move to the first support line. If it moves upward, it is able to break the first resistance line and even move to the second resistance line. Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. Wish you luck
Long
by MarsSignals