GMT/USDT - Bullish potential towards 1,85

GMT/USDT - Bullish potential towards 1,85

context :

The GMT token just been launched - the current Hourly chart basis doesn't show any exhaustion at this step - especially with a near-term triangle pattern in progress calling for direct bullish exit towards 0,84

Key Elements:

- EMA support
- Key fibo level with overlap at 4,00
- Impulsion Elliot wave target at 1,85 (auto-similar move Log scale)
- 0,84 intermediate fibo Target

Tactical view 1 to 3 Weeks

Above 0,4 buy any dips to play 0,84 before anticipating the upside breakout towards 1,85

Enjoy my friends !

Trade active:

Key Support adjusted at 0,57

Next intermediate target at 0,97 , still watching at 1,85 as max target for now

Comment:

Intermediate resistance at 0,97 reached and surpassed, 1,85 is now not so far from the current price action after having challenged 1,17

Key support now set at 0,82 above the entry level of this strategy, this trade now is a win trade what ever happen.

Enjoy my friends

Trade closed: target reached:

Target reached at 1,85

Key support to watch to buy the dip again at 1,28 (area to buy the dip (1,66/1,39) to play a last push before a consolidation which can be around 50% from beginning to the top.

Potential between 2,75/3,02 but could be higher in extension (Wave 5 end of cycle) can be adjusted step by step.