Hi Traders! As many cryptos struggle with no volume and no gains, GVT is a totally different story today.
Today we will provide you just short description. In the following analysis, we will provide more. They work on the financial platform for all forms of assets (crypto, forex, stock, bonds, gold and more) but contrary to the current possibilities of investments investors invest in the strategy which is represented by managers. Those managers invest their money or just show possibilities of trading. Each manager is in possession of their coin. They are printed once and they cannot be reprinted. When you want to invest in his or her strategy you have to buy their token. The better his or her strategy is the bigger demand on this coin is. The bigger the demand the higher the price. Those coins are to be tradable on their platform. In other words, one buying a customized coin of any manager you invest in this person. Everything is transparent and you can go out from the investment at any time. With no extra fees or penalties. The most important thing - according to their roadmap they are launching their product at the end of October 2018. Thanks to that we have encountered so massive gain.
Ok, let’s look at the chart. Since the middle of August, this coin made 300% profit. WOW! The current price level is above 0.0018000. ATH was as 0.0042709. So there is a room for more gains.
Technical analysis details: • Current correction – be prepared to touch 0.0016500 – KijunSen on a daily chart • On Fibonacci time zone we can see a perfect alignment of the correction – also this time • We should have a quick bounce back and we expect another slow down or even correction at around 8th of October • On 4H chart still above the KijunSen – healthy correction • Weis Waves – not much supply and lots of demand – right now long red bar showed up – this is most probably a correction • Chaikin Money Flow – there was a strong demand on the price which was gradually increasing. Let’s look further at what is going to happen. • Resistance levels to break 1. 0.0024217 2. 0.0029152 3. 0.0035338 4. 0.0042709 (ATH)
So Guys. This is a very interesting project from the finance world. They have a solid team (20 team members and 9 advisors). Who knows, maybe in the near future some of us will use this platform as an investor or as a manager. For the time being let’s focus on the chart.
Don’t forget to follow if you don’t want to miss the reload levels.
Thank for reading. HUGS! WBM Team
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Fibonacci time frame
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CMF; Weis Waves; Ichimoku cloud
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Comments on the chart
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Awaiting for more interest and more positive volume
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Wait for reloading when the price crosses TenkanSen (red line) on the daily chart. We need at least one bar more.
reason for the dump, does it change your perspective ?