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.
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.
Buy in targets 1 and 2 have reached..Now waiting for target 3. Will it go any lower than .003? Who knows right..
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Buy on move above 0.010 (this will confirm a cup and handle) Target 0.040 Stoploss: 0.007