Genesis Vision (GVT) is the platform for the private trust management market, built on Blockchain technology and Smart Contracts. Genesis Vision intends to create a service via which managers, brokers, traders, exchanges, and other financial instruments can access a diverse range of assets via one interface.
Genesis Vision (GVTBTC) Chart Analysis
Genesis Vision is now trading at all-time lows and around strong support... A good place to buy for a potential reversal of trend, let's take a look at the chart:
Here we can see the steep fall followed by a bounce.
We can see the increasing volume when the new ATL was hit.
MACD bullish crossover.
RSI Oversold.
A closer look:
Trading above EMA10.
Very strong RSI.
Fake breakdown (purple area).
Genesis Vision is getting ready for action... Consider this a friendly reminder.
Thanks a lot for your continued support.
Namaste.
Comment
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Trying to break above resistance... Might take longer.
Alan, in the context of the market, do you think it's worth aiming for the higher / longer term targets ?
Or taking profit along the way is still the best approach ?
Reaching 20000 sats seems like a dream for now :)
Thank you.
AlanSantana
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@Harry_Seldon, If you are active here is better to collect profits and close the trade.
Buy back lower, there will always be plenty of time, if you want to ride the next way.
The only time this is useful is when you are investing long term and not trading.
It is better to always secure profits.
Harry_Seldon
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@alanmasters, Thank you for your answer, and for bearing with me :)
I'll go back to reading your educational content on how to deal with targets. I can't seem to find the right balance.
AlanSantana
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@Harry_Seldon, For me the trick is to always secure profits... Once you enter the profits zone, secure the trade.
Or taking profit along the way is still the best approach ?
Reaching 20000 sats seems like a dream for now :)
Thank you.