GNT/BTC 1H Short Term 100% profit.

A coin freshly listed on Binance.
If it touches 0.5 fib retracement I'll be getting in.

Buy zone - red (0.5 - 0.65 fib)
Target 1:1 - blue
Target 1:1.618 - green

Comment:

One more leg down and we are good to go.

Comment:

GNT/BTC 1H Bullish count.

We' are facing possible counts.
First one, bullish.
We must not cross the red line. As if we stay abouve that would indicate that:
- ABC finished at 0.5 fib retr.
- we started major impulsive wave 3
- this sudden drop after the recovery was minor wave 2.

I repeat we must not cross the red line.
(our major support)

Comment:

GNT/BTC 1H Bearish count
We only finished A and B from ABC and still have one more leg to go.

If we touch the red line (even by the wick) that would indicate our bearish count.
Next support is the black line.
Most likely wave II is gonna go for 0.5 fib or 0.618 fib of the wave I (thact statistic).

Comment:

We've reached the buy zone.
Might be a good time to place some buy orders with tight stop loss around 0.618 fib.

Comment:

I believe GNT is now trying to make a move.
Waves count as on the attached picture.

And no, wave 2 did not ovelapped wave 1. It retraced 98-99%.
I trupple checked under the mircoscope.