We had a very nice uptrend on the GVT since the end of August. We made the analysis for you and it turned out to be very profitable.
It looks like the correction has ended and we are ready for the new uptrend.
It looks quite safe as we have a "reference peak" at 0.00255.
Here is our scenario for the upcoming days/2 or 3 weeks.
1. Elegantly bounced from the bottom of the - still much room for a growth.
2. 1st stop - once we break the so-called fair price at 18500 st we will very likely continue the uptrend.
3. 2nd stop at 0.00225 - top of the Value Area - 70% of the purchases from the beginning of the uptrend.
4. 3rd stop - last peak at around 0.0025
• - on the 4H chart, TenkanSen(red line) was crossed for good.
• Indicator about to cross 0 and in a mode
• Weis - Almost no supply. All we need is more demand. LOL.
• – bull’s cross observed
• Nicely bounced from the resistance/support. There is a potential to reach 25500 st in the near future.
• Micro uptrend recently formed.
Set your stop-loss at 0.0014680
So Traders. Observe this coin as it can give us a very decent profit in a short-term period.
It looks promising.
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