Hello everyone, let's take a look at the GMT to USDT chart over the 4 hour timeframe. As you can see, price is moving above the local uptrend line.
Let's start with the line of support and as you can see the first support that the price has now relied on is $ 3.17, if the support breaks down, the next is $ 2.97 and $ 2.73.
Now let's move from the resistance line, as you can see the first resistance is $ 3.36, if you can break it the next resistance will be $ 3.58 and $ 3.77 plus $ 4.42.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, while the MACD indicator indicates the beginning of an uptrend.
It is worth noting that the price stopped at the support and the price consolidation started, this may mean a potential upward move.
Let's start with the line of support and as you can see the first support that the price has now relied on is $ 3.17, if the support breaks down, the next is $ 2.97 and $ 2.73.
Now let's move from the resistance line, as you can see the first resistance is $ 3.36, if you can break it the next resistance will be $ 3.58 and $ 3.77 plus $ 4.42.
Looking at the CHOP indicator, we can see that in the 4-hour interval we have a lot of energy for the next move, while the MACD indicator indicates the beginning of an uptrend.
It is worth noting that the price stopped at the support and the price consolidation started, this may mean a potential upward move.