While reviewing my portfolio today and seeing almost everything in red, I was evaluating which coins are still performing well while the market is down and GVT came into my view. In some cases I'm interested in finding coins, like BTC which are down only 5-10% while other coins have 10-30% daily losses. In my case, this tells me by holding a good portion of coin...
GVT, while having solid fundamentals is a fairly new coin and still hasn't experienced a downtrend (only small corrections after spikes) after doing around x9. It already tested several times around 29k sats without breaking trought and staying there. Volume is also relatively fairly low That's why I think once it breaks the trend line, it will fall around...
BINANCE:GVTBTC
Here is an Idea based on Fibonacci-Time and Elliott Wave Theory
Genesis Vision is at testing all time high and old support which is now new resistance...if we break this level, it's blue skies. Usually the third test is the one to bust through, however, if we pull back at the ATH and channel top, look to pick more up at the support of the channel its currently been running in.
At breakout from lower channel no resistance until 0.0075
The price of BINANCE:GVTETH is moving inside an ascending channel and has just bounced of the support. Target: 0.1 Stop-loss: below the support
A long ride made GVT exhausted. Then fueled up guys. Pump coming soon.Indicators confirms.
Buy on move above 0.010 (this will confirm a cup and handle) Target 0.040 Stoploss: 0.007