GMT/USDT - Bullish potential towards 1,85
context :
The GMT token just been launched - the current Hourly chart basis doesn't show any exhaustion at this step - especially with a near-term triangle pattern in progress calling for direct bullish exit towards 0,84
Key Elements:
- EMA support
- Key fibo level with overlap at 4,00
- Impulsion Elliot wave target at 1,85 (auto-similar move Log scale)
- 0,84 intermediate fibo Target
Tactical view 1 to 3 Weeks
Above 0,4 buy any dips to play 0,84 before anticipating the upside breakout towards 1,85
Enjoy my friends !
context :
The GMT token just been launched - the current Hourly chart basis doesn't show any exhaustion at this step - especially with a near-term triangle pattern in progress calling for direct bullish exit towards 0,84
Key Elements:
- EMA support
- Key fibo level with overlap at 4,00
- Impulsion Elliot wave target at 1,85 (auto-similar move Log scale)
- 0,84 intermediate fibo Target
Tactical view 1 to 3 Weeks
Above 0,4 buy any dips to play 0,84 before anticipating the upside breakout towards 1,85
Enjoy my friends !
Trade active:
Key Support adjusted at 0,57
Next intermediate target at 0,97 , still watching at 1,85 as max target for now
Next intermediate target at 0,97 , still watching at 1,85 as max target for now
Trade closed: target reached:
Target reached at 1,85
Key support to watch to buy the dip again at 1,28 (area to buy the dip (1,66/1,39) to play a last push before a consolidation which can be around 50% from beginning to the top.
Potential between 2,75/3,02 but could be higher in extension (Wave 5 end of cycle) can be adjusted step by step.
Key support to watch to buy the dip again at 1,28 (area to buy the dip (1,66/1,39) to play a last push before a consolidation which can be around 50% from beginning to the top.
Potential between 2,75/3,02 but could be higher in extension (Wave 5 end of cycle) can be adjusted step by step.
CIO & Head of market research (Automata - Akt.io)
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Up to 200 EUR AKTIO => Referal for AKT.IO app on Apple store and Google play =>
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Key support now set at 0,82 above the entry level of this strategy, this trade now is a win trade what ever happen.
Enjoy my friends