At the 1-day chart we can see that most of indicators are neutral. We have a standard triangle formation with higher "lows" and lower "highs". The price came to the edge of the pattern and broke it upward penetrating Ichimoku clouds zone where it can consolidate.
If we take a closer look it becomes clear that the coin gains momentum power and volume increases as well. The last time we had the same combination: break out + momentum and volume growth, there were formed 5 Elliott impulse waves. It happened on 24th of August 2018 and two months later the coin's price increase by 232%
We recommend the coin for short term swing trade and for a just long term hold
If we take a closer look it becomes clear that the coin gains momentum power and volume increases as well. The last time we had the same combination: break out + momentum and volume growth, there were formed 5 Elliott impulse waves. It happened on 24th of August 2018 and two months later the coin's price increase by 232%
We recommend the coin for short term swing trade and for a just long term hold
Trade closed: target reached:
Forecasted breakout has happened and we received a nice profit. GVT reached all targets
Profit: 17.14%
Profit: 17.14%
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