GateToken Bearish: What To Do & What To Expect In 2025It is quite revealing, this chart...
First, all of the action is happening below the May 2021 All-Time High (blue line on the chart).
The top pattern from 2021 is being repeated in 2024, let's look at it.
➖ #1 is a pointed top.
➖ #2 is a rounded top as a lower high.
This is the classic Adam & Even bottom pattern but inverted.
Notice the trading volume.
On the left side, very high. On the right side, very low.
The signals are in; the chart is clear, we know a drop comes next.
GateToken (GTUSDT) is showing a long-term bearish bias based on a strong lower high and decreasing interest shown by low trading volume. Interest and activity will be reawaken once the market undergoes a major flush.
When prices hit bottom and start trading low, new prospective buyers will become interested and this will make the start of the major 2025 bull-run.
It will take time to develop, the market will take time to recover and grow. But after 4-6 months of recovery and consolidation, we will have a major boom and this boom will be something off the chart. It will be amazing to say the least.
Right now we either sell or wait on the outside for better prices; patience is key.
Namaste.
