GMT made a massive impulse to the downside. This could be the start of another major impulse down OR a ZigZag.
in the bullish case where GMT actually ends it correction here with this latest impulse being the end of a correction, I dont see it making ATHs again.
GMTUSD has developed a Parabolic Growth Channel on the 4H time-frame, similar to the long-term one of Bitcoin. In the past two candles, it appears to be staging a break-out from its All Time High. The last time it broke above an ATH following a consolidation, was in March 28 and initiated a rally. The RSI bounced well on its Buy Zone, so a break above the...
GMT has dropped from hits head and shoulder pattern. Its now in a bull flag on 15 min. If bitcoin runs and it breaks the flag channel. Expect a significant run. This coin is always a gamble. Trade safe.
The price came out of the uptrend channel and the volumes went down and now we are under the resistance level. We should expect a false breakout of the resistance level, fixing under it, and after the retest of the support level.
GMTUSD is one of the hottest coins around having seen an incredible rise since March 09. Naturally not everyone had the insight to get in on this rally but having traded for almost 1 month, we can see some levels and pressure points on the 4H time-frame that can help those who missed it, get a solid entry.
As you see, this uptrend is being supported by the 4H...