So basically $GVT is one of the best liquid midterm successful trade this year, I catch it quite late basically even at the first I was neutral until it confirm with a breakout. You can check the chart here:
Basically GVT has doing good, last sentiment was about they releasing their product and GVT one of low supply out there on Binance except Lunyr and few more.
Judging from the technical basis, GVT has back all the way down to the level where it was a resistance to be break. At the moment it become a support line @ 0.0016241. Let's see if it hold or not.
My opinion will be you need to watch carefully the first zone which @ 0.0016241 - 0.0014976 where the first entry can be enter. Even it's not quite safe at because we need to have a lot more hype, I see GVT as the one that already cooling down and should leave behind. The second entry is on the red line which @ 0.0012873. and the last should be around 0.0009985 - 0.0008542 which it will be a very lucky zone and the whole crypto price might also drop as the effect of Bitcoin price at this zone.
Basically, this analysis i'm judging based on lower RSI level that we can see it under 0 level, which mean it is already cooling down enough to get to the first entry. The rest is so on for the sake of R:R and safe trade.
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If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
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Basically GVT has doing good, last sentiment was about they releasing their product and GVT one of low supply out there on Binance except Lunyr and few more.
Judging from the technical basis, GVT has back all the way down to the level where it was a resistance to be break. At the moment it become a support line @ 0.0016241. Let's see if it hold or not.
My opinion will be you need to watch carefully the first zone which @ 0.0016241 - 0.0014976 where the first entry can be enter. Even it's not quite safe at because we need to have a lot more hype, I see GVT as the one that already cooling down and should leave behind. The second entry is on the red line which @ 0.0012873. and the last should be around 0.0009985 - 0.0008542 which it will be a very lucky zone and the whole crypto price might also drop as the effect of Bitcoin price at this zone.
Basically, this analysis i'm judging based on lower RSI level that we can see it under 0 level, which mean it is already cooling down enough to get to the first entry. The rest is so on for the sake of R:R and safe trade.
*************************************************************************
If all of these ideas I posted helps you, give them thumbs up, shares, comments and follow me. If you have a suggestion, just fill in the comment sections or message me. Looking forward to hear from you all. Thanks a lot!
-------------------------------------------------------------------------
www.tradingview.com/u/blockchaindedi Rules:
#1 Always obey tradingview.com house rules
#2 Always read the description
#3 Don't spam on the comment section
#4 If you wanted to request my opinions about a coin/token just give 10 likes on my published charts and I will do it the day or two after
#5 My opinions are not financial advice, follow it at your own will and your own risk
#6 Together, let's build a better community on this platform
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Comment:
Comment:
Looks like this is ready to move. RSI is really juicy at 4HR time frame