TA: >heavy consolidation and accumulation >adam and eve reversal pattern formed >brokeout and now retracing on a market-wide red day due to BTC volatility FA (opinion): >TLDR one liner: good relatively new platform POS coin not yet extremely well recognized >strong small team with regular updates
TA: >Falling wedge with strong accumulation visible on volume >Resistance zones as mapped >Geometric target would be the 2nd red box >Lack of sell volume in the higher region (for now) suggests possibility of exceeding geometric targets FA: >TLDR one liner: Genesis Vision is the platform for the private trust management market, built on Blockchain technology...
RSI higher lows, MACD crossed. It's likely that GVT is preparing for an outbreak.
In a daily timeframe, it is still hovering around the golden zone(0.618-0.65 fib retracement lvl), wave 4 is still valid based on elliott wave. We can see wave 3 has reach 1.618 fib extension, so we can assume wave 5 can reach 2.618 fib extension(64000-65000sats). My previous target which is around 50000sats. 50000sats is more of a conservative target and this is...
As expected from my prev chart, the volume is not convincing and it did retrace to retest the breakout zone of the triangle. From a chart patterN point of view, a bull flag is forming, a break out of this flag might signal the next target which is around 27000-27500, according to the length of the pole and also the major resistance. From the elliott wave point...
Yes! Shooting up as expected, now the RSI is clearly overbought and we might retrace back to retest the support of 24000 region. The volume spike is not convincing compared to the previous bull run volume so the bulls might not have the steam to keep pushing up in this overbought RSI region.
Expected triangle after long time for Gvt. Six stop levels in triangle. Red resistance is dangerous. Last purchase area is 0.00150 level. It is not an investment recommendation DYOR.
GVT is still consolidating in the 0.618 fib area and the RSI is increasing, which is a good sign as it now becomes an accumulation zone that will act as a strong support for the next bull run. Please remember that a leg up with an accumulation zone is always positive, without a strong support zone, it might just be a fake bull run and it will descend just as...
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.
Just a retarded idea. Please move on, there is nothing to see here.
GVTBTC trying to break the channel to 38.2% an d finally could go high to test the previous wick that rallied to 50%, I got alert its a buy right now and still looking bullish in 4hr time frame. Staying above the moving averages will confirm bullish reversal in this coin. I will be updating.