GMT/USDT: Massive Bull Run Loaded => 23,70 & 67,00 Expected

GMT/USDT: Massive Bull Run Loaded => 23,70 & 67,00 Expected


Previous analysis :

17/03/2022 :

30/03/2022 :

context :

The GMT token surged to the upside reaching the expected target at 3,00 last week. This strong impulsion cycle is not finished as long as 2,14 stay support in order to develop a wave (iii) 3 on going
Yesterday the buying level to add in dips has been seen and RSI is back on significant key support to buy strong :)

Key Elements:

- EMA support 2,60
- Key fibo level = 2,14 and 23,70
- Impulsion Elliot wave target at 67,00 wave 3 target (log scale)
- 2,14 key Ratio + overlap
- Intermediate resistance (fibo) at 3,64

Tactical view 1 to 3 Weeks

Above 2,14 buy any dips (Now) to play 3,64 upside acceleration level to play the wave 3 with 23,70 as first target before 67

Keep going my friends - it is now or never for us !

Comment:

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Trade active:

GMT is testing support at 2,14 - personally i'm back in GMT at 2,43 and just add now.

However last update price action is showing potential bear trap excess in the area (1,98/1,80) maximum. If we hold above 2,14 without bearish excess the upside confirmation level to validate a direct new bullish run is set at 2,60 and 2,75

The structure is clearly a consolidation wave so no stress the coin will go higher after having finished this structure.

Take care my friend

Trade active:

GMT is bounding off 2,14 suport after having challenged the key Fractal support. Good positive sign this morning after as strong short-term impulsion leaning a possible direct rise now (EMA Hourly and RSI are already triggered bullish signal) and the consolidation trend line is surpassed.

To Stay in a direct bullish dynamic now 2,20 should stay intact to lower the bearish attack risk (Alternative case) towards 1,80/1,55/1,48 (next level where the market is supposed to swing

Comment:

Alternative in progress with deeper consolidation before rise on going

The structure is correctice so even with deeper dips the gmt gonna do new ATH then watch 1,80/1,55/1,48 as the maximum area to end this down leg before new upside sswing

Comment:

The structure is corrective (so even with deeper dips the gmt gonna do new ATH) On current level the corrective pattern is forming a range with 2,83 as upside limit and 1,55/1,88 as downside limit Area

I didn't move at all from this trade as i know that the coin will push higher at some point but as long 2,83 is not surpassed the corrective pattern is active a bull run can't be released.

In case of corrective swing down to 1,88 i will add also (but for now the 2,10/2,14 remains quiet strong support

Voila... no change corrective pattern, then Up, classic

Comment:

Tentative of exit of the corrective pattern on going, pre signal confirmed - support now are at 2,20 ( and 2,52/2,70 to add in set back)... impulsion in in irregular corrective pattern set target at 3,55/3,65 as mentioned earlier, only a significant daily candle bypassing this area will confirm a new bull run towards long-term target.

Global outlook looks nice and positive especially with a global crypto market hesitating with the directional (ETH and BTC didn't success to activate the direct bullrun, 2340/2760 to watch as key support on ETH to stay in a bullish scenario in the coming day, next 3 weeks)