GTC has been consolidating for 6 months and been trying to break the consolidation area (see the screenshot below).
In the 4-hour timeframe, the chart illustrates the pattern I'm closely monitoring as a potential entry point for a buy setup. This pattern aligns with the Accumulation schematic according to the Wyckoff method.
Two possible trades that I'm considering:
Daily chart of GTC:
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
In the 4-hour timeframe, the chart illustrates the pattern I'm closely monitoring as a potential entry point for a buy setup. This pattern aligns with the Accumulation schematic according to the Wyckoff method.
Two possible trades that I'm considering:
- Setup 1: when GTC closes above the continued upper resistance (with a 4H candle)
- Setup 2: when GTC rises from below and closes above the discontinued lower resistance (with a 4H candle)
Daily chart of GTC:
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
Comment:
Trade activated with setup 1
Order cancelled:
Trade closed due to weakness of this coin
