Two counts here for GVTUSD. One count that was highlighted by 'TheEWguy' on Twitter where we have had an ABC down. If we can take out the $3.50 id say the bottom is in and that is the count. For now il be looking for a test of 2.20 to 2.60 is on the cards for my proposed X wave.
The monthly chart is 2 days from closing on a doji candle which is bullish after a long downtrend. The weekly chart signaled a buy a few weeks ago according to CCI at an average price of $3.00. The daily chart is trading in the oversold range on the CCI but is not showing a buy signal just yet. The 4hr chart signaled a buy a few hours ago according to CCI....
technicly it looks like it will broke the falling wedge or trendline.
fundametally GVT vs market cap is dam undervalued.
usability of the token is and will be even more skyrocketing, if market turns sideway or bull, or if the bit support holds.
GVT will be linked to BTC performance.
. GenesisVision/USDollar is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. There is a possibility of temporary retracement to suggested support zone (9.40000000 to 7.10000000). if so, traders can set orders...
It's becoming obvious what GVT wants to do. 2 weeks ago it retraced exactly to where I expected (analysis posted here) and now it's in a position to go back up again after a small retracement. Some are calling for dump before the platform release but there isn't many coins to dump. People are actually interested in holding GVT to use on the platform and not just...
I like what GVT is doing but it's not realistic in this market to think it will continue without a correction. 18500 is resistance. Should correct and can go down as far as 1300. The bounce back will be very quick. 2 weeks away from release.
Genesis Vision found the support at 76.4% Fibonacci retracement, which has been rejected twice, forming a double bottom. The following wave up resulted in the break above the downtrend trendline and then 200 Moving Average.
Current price action suggests a potential trend reversal or a strong corrective move up. The resistance is seen at 76.4% Fibs applied through...
GVT has remained one of the strongest performing coins in all of crypto in the entire correction. As you can see, it's continued an up trend. GVT is a low circulation coin and has a lot of potential. As seen here, the cup and handle formation is about as perfect as it gets albeit the handle is a bit longer than I'd like to see. That said, we're on the .618 retrace...
Let's see how we bounce. If GVT bounces off the main trend line, I'm going to hold off and wait for another entries. If it takes a big fat hard dip below the trend line (like we did on the previously) my orders will fill and hopefully we'll make some coin.
Please critique my work. I'm here to learn.