GMT break-out

GMT is breaking out its trendline since Mai 2022.

Volume indicators CMF and MFI are also breaking their trendline.

Massive pump is very likely, specially after the good news from XRP today (XRP named not a security).

Short-term TPs are Fib 0.236 and 0.382.
Mid-term TPs are Fib. 0.5 and 0.618.

ความคิดเห็น:

GMT is still consolidating in an ascending triangle. Buy volumes have been increasing and this indicates the rising interest for GMT.

ความคิดเห็น:

GMT is breaking the Resistance (sooner than expected).
+13% from entry

ความคิดเห็น:

GMT is among the top performing cryptos, today.
+19% since entry.

ความคิดเห็น:

Mid-term view with targets (Fib 0.236 and Fib 0.382) does not change for me.

Short-term view: GMT hit the resistance trendline of the channel and come back to retest the horizontal resistance area. See chart below

ความคิดเห็น:

GMT is close to high liquidity zone. I expect a bounce at $0.22

ความคิดเห็น:

GMT has touched the $0.22 area and is bouncing

ความคิดเห็น:

The trendline was broken due to BTC's drop today
GMT is retesting the long-term trendline