GST - The Coin No One Talks AboutThis is one of the most volatile coins that Coinbase has to offer.
There is no confusion here that this resembles a text book Wyckoff pattern. But the question arrises ... could this pattern be a trap?
And the bait is the 1700%+ pump that came after the Selling Climax. It has taken a -96% loss in value since the rally up, so it is in DEEP value here.
Currently printing on the HTF 1:0.618 ratio, so it's possible that this area could be the completion of a 1:0.618 correction. Also keep in mind that the lower 0.786 is still a potential retracement target.
So, it has printed a second creek here, and could be ready to make a jump to the upside. But this would not be considered a "smart money" area.
This is a dicey coin and comes with major risk, but if it were to recover, there is a high chance that this is the ratio where the tables turn. And when it turns this could be one that is heard from miles.
-Not Financial Advice-
GSTUSD trade ideas
Bullish GST is setting up the same as COINBASE:SPAUSD before it ran 4x. I was the first to comment and chart SPA go look. GST is going to run hard in my opinion based of TA and the current overall market trends. Seen in the chart is a bullish pennant break out and riding that trend line up. SPA did a similar sit up a few weeks ago and followed with one solid big green candle. Waiting for a solid big green candle. So far chart is primed for a massive new leg. Of course not financial advice and do your own DD. Crypto is very volatile but as we peak alt coin season and COINBASE:BTCUSD calms down, all these other coins will run 20-50x. There will be growing pains and pull backs but the next 2-3 months will be interesting to see how high some of these coins spike. This is in game currency tied to COINBASE:GMTUSD on the COINBASE:SOLUSD
Once Sol and GMT continue to pave the way, this will continue to explode. First resistance we need to flip will be .042ish area.
GST really alive and kicking...Beep,beep, clear ~~ heartbeatWhile everyone asleep watching Bitcoin near $100k, I bought $100 of this around blue line. Liked the action and chart. My normal is 3x then out in crypto but this might get saucy. There will be 2 limit sell orders at higher lines. Don't stress it! Its magic internet money that you bought with an unending supply of fiat!
GST very Bullish
Green Satoshi has flagged a bullish pennant and entered an up channel. Looking to test resistance at .042 and once that breaks we’re looking to get to previous high in the year of .15.. once we’re able to get past those levels, new highs to be targeted soon
PT 1. .042
PT 2. .15
PT 3. .37
NFA just my opinion based off TA and chart set up. Good luck COINBASE:GSTUSD and happy trading.
$GST run it back turbo?I still think LSE:GST is likely to have one more move before it's done for the cycle. I exited my last attempt at a long for a small loss, but think this idea should be more accurate w/ price and time.
I think we're likely to see one more move down into that lower support level (around $.0125 or so) to retest it, then we should see the uptrend start again.
Sharing a few possible outcomes. I think we can either form a lower high +500%+ or so from the bottom, or we can form a new high and then correct afterwards +1400-1600% from bottom.
Either way, I think higher prices are likely from the bottom support.
GST USDFirst and foremost this is not financial advice. All financial decisions are
your responsibility.
Hello everyone, what are your thoughts on this.
GST USD on Coinbase
Trendline support check
RSI reset check
MACD cross over check
Golden FIB ratio check
Could GST be setting up to hit .13 price level again?
Looks likely IMO
Keep your eyes peeled on this one!
High risk, high reward? $GST to move to $.056?I've been watching this micro cap for months and it's been consolidating forever and looks ready to move.
As soon as price can break above the trendline, iti should find a quick move higher. I've marked off resistances on the chart, but lean towards this getting to the top trendline at $.056.
Let's see if/how it plays out over the coming weeks.
GST SCAM PUMP COMING??Do you think we can see a pump?
I think we can.
Very small position taken.
Very high selling points.
Low risk huge reward.
NOT FINANCIAL ADVICE!!!
THIS CAN ACTUALLY GO TO ZERO!
IT COULD GO TO 0.30, $1, $3, or possibly farther with the WEC's 15 min cities.
I actually pust a sell order above $6.... That would change my life.
GST Long$GST Green Satoshi Token seems to have choose the path UP vs DOWN for now. It may just be bouncing the levels in the triangle. We shall see. If continues up, take profit at marked red circle. If no breakout, expect retrace and swing trading to bottom triangle trendline or buy area. The coin is quite unpredictable. But we do what we can. Lol.
StepN's Utility Coin, GST, Is Going To Zero.Hey guys!
I haven't posted in a while, so I thought I'd share something that I've been looking at more and more lately - GST.
For those who don't know, GST is the main utility coin of the popular mobile walk-to-earn Solana app, StepN. For those unfamiliar with the game, it's basically an app that pays you to walk around / run / move, provided you own some of the game's native NFT shoes.
The app has skyrocketed in popularity over the last 6 months since its launch, as users are attracted to the idea of getting paid to do something everyone does everyday, more or less. But, if you look at the crux of the last sentence; that's the problem.
People walk around every day, and they do it because it provides utility to them. Walking doesn't provide utility to anyone else, and thus there's nobody actually "paying" users to walk around - the game simply mints these GST tokens as a means of compensating users. The game does require that users "pay" GST tokens in order to repair their digital NFT shoes, in addition to a few other actions within the game.
However, as users begin to seek a return on investment, they will sell GST for SOL or USD, and thus GST will have permanent supply pressure. And, as long as it's profitable to walk around using StepN, this will be the case. Once it's no longer profitable to walk with StepN -> what's the point of the app? Users will leave just as fast as they arrived, and the ecosystem will collapse.
Thus, it's my estimation, that no matter what happens with GST in the short term, it has the potential to crater 90% or more. Even though it's already down 90%.
One other thing: GST also causally ties to the price of the NFT sneakers.
If you can find a way to short this, please do. If you can't: please at least sell/stay away and sell everything you have. You will not break even on your shoes.
Finally: adoption won't help. In fact, it will only serve to drive down GST more. Don't hold this token hoping for an adoption narrative.
Stay frosty
AW