Stepn (GMTUSD) is about to form a Golden Cross on the 1D time-frame for the first time in its history. While this is a huge bullish development, it is the emerging Bullish Cross on the 1D LMACD that can send it to the 1W MA50 (red trend-line) and the top of the Bear Cycle Channel. A similar LMACD Bullish Cross below the 0 line on January 04 was what started the enormous +220% rally. We have a 1st Target at 0.9000.
If the bottom formation is an Inverse Head and Shoulders pattern, then we expect a test of the 0.618 Fibonacci level before summer, setting Target 2 at 1.35000.