Like all the other crypto assets Gifto was in a correctional downtrend for some time since May. But the difference from the other crypto assets is that it is on its intial token price which is almost the bottom of the coins history like we have seen this scenario on ICX . A falling wedge pattern already created both in the 4H and 1D charts and it seems its all it can go to the downward direction. There is a stronger resistance trend line at about 2000 sats area. If it can close above this area in the following days we might see a good elliottwaves upward reversal trend which might take upto a week or 2 for seeing a good profits. RSI is at 30 and DEMA 9 is below the price and need to show some progress in order to confirm a reversal trend. Besides this some positive move indicator candle sticks also can be confirmation indicators for reversal such as the engulfing long candle stick. Like ICX we strongly recommend you guys to buy at this dip position but before you move that long opportunity please consider that you have to be patient on this but at the same time a guaranteed good profit will be its result though.
Entry Point : 1500 sats - 1700 sats
Stop Loss : 1350 sats
Short Term Potential Targets
T1 : 1899 sats
T2 : 2106 sats
T3 : 2274 sats
T4 : 2442 sats
T5 : 2681 sats
Mid / Long Term Targets
T1 : 2840 sats
T2 : 3626 sats
T3 : 4261 sats
T4 : 4893 sats
T5 : 5799 sats
T6 : 6950 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
Entry Point : 1500 sats - 1700 sats
Stop Loss : 1350 sats
Short Term Potential Targets
T1 : 1899 sats
T2 : 2106 sats
T3 : 2274 sats
T4 : 2442 sats
T5 : 2681 sats
Mid / Long Term Targets
T1 : 2840 sats
T2 : 3626 sats
T3 : 4261 sats
T4 : 4893 sats
T5 : 5799 sats
T6 : 6950 sats
Good Luck.
Legal disclaimer:
Information on this channel is our team's analyst's "opinion" based on data available at this point in time. These opinions are not recommendations to buy or sell securities/commodities and cryptocurrencies. Trading and investing is a risk and you should not rely on this data to make any financial decisions. You must consult a financial advisory licensed by regulatory agencies in your legal jurisdiction. All information stated here and in our reports don't guarantee any possible profits or losses. Please do consider to do your own due diligence and research when making any kind of a transaction with financial implications. With Regards. TeamTWA.
