It's becoming obvious what GVT wants to do. 2 weeks ago it retraced exactly to where I expected (analysis posted here) and now it's in a position to go back up again after a small retracement. Some are calling for dump before the platform release but there isn't many coins to dump. People are actually interested in holding GVT to use on the platform and not just...
Current support is at 100 sat. If broken, the next support is 83sat (50% chance). I do not see it going any lower. Marketcap is already extremely low. It has yet to get a chance to move significantly after the major Telefonica partnership before BTC crashed and knocked the wind out of it. Waiting for BTC to make a move again.
I like what GVT is doing but it's not realistic in this market to think it will continue without a correction. 18500 is resistance. Should correct and can go down as far as 1300. The bounce back will be very quick. 2 weeks away from release.
