I can see some very convincing confirmations that GVT has found solid support, is consolidating within a channel, and has potential to break out for a short-mid term profit of potentially 40%, with a risk of about 10%.
GVT is still on a downtrend, recent alpha release didn't made an impact on price yet so we might see a trend change soon.For this trade I'm expecting a %10-%20 gain. %20 is more risky so trade with caution and take profits on the way up.
quick new light on the current gvt scenario. looking at my other charts all evidence suggests that this is a wave 4 correction however retracing to to 0.38 of wave 3 pushes my thoughts into this possibly being a full cycle correction. harshly 0024 should be the bottom of a WXYXZ correction and liftoff to wave 5 should be imminent. in an extreme case this could...
Some people dm me as my previous chart is not explained clearly so I make a new one with a lil wording in it. ;) Don't take it as a financial advice!
the graphwas done when gvt hits the wave 3. We are now in the wave 4 correction. Right now the candle is holding on the 55ema, if it breaks, the next spp would be around 23000-24000sats (expect a bounce from here), if this lvl holds and we might enter in a consolidation phase and when it is done, the next conservative target would be around 50000sats.
Buy 27527 Sell 29219 Potential profit 6.15% Base Play Strategy EXAMPLE
so i put some potential targets together in a chart earlier this month and looking with a fresh light we can see gvt travels along its ascending channel quite nicely. if it were to cruise along as such we could see a mid range target of 0065+ reached by Q3 this year just after the expo in Cyprus mid May
Swinging on my gann levels. Going to decide the way now..
burning question; once it starts, how long will this wave 5 run on for? we've seen GVT hold sublimely through the bitcoin dips and has maintained the 0027 correction (wave 4) at around 50% - harsh but not abnormal. we have a few possible outcome ahead and also some news and presentations with alpha release (imminent) and a calendar worthy expo within Q2. now on...
GVT has shown prolonged periods of sideways movement after every correction with erratic peaks and dips between the start and end of each wave. note: the lowest dip of that third curve (crossover between wave 4 and wave 5, aka bearish to bullish) is right on 31st March... alpha release :-)
so we are still correcting on wave 4 and what looked like would hold at 24% took a nose dive to the 38% and even sub 50% levels. drawing a strong line at 0026 as this is a good support area and we bounced right off it similar to the way up on wave 3. question is do we retest this level again (0026-0027) or are we just about peeping out enough at the upper...
Still on the downtrend and this turn will be go back to 140. After that, GVT can go back to 280 for finish the H&S pattern.
Buy in targets 1 and 2 have reached..Now waiting for target 3. Will it go any lower than .003? Who knows right..
Applied wave theory after researching some tools on here. #TINFADYOR
Charted these targets on the fact that GVT runs perfectly between fib lines and with the upcoming alpha release we could see some para behavior occurring. As much as i am providing what 'may' happen i do feel this is a hodl coin, why risk shorting early and losing a decent vantage point when you can just hold and win at the end. GVT has 4.5m total supply! Just...
GVT had a nice run. As for long term HODL! dont need to worry about it. but i think as of now it will need a correction between .0032-.0034 Please do your own research. GREAT HODL