so i put some potential targets together in a chart earlier this month and looking with a fresh light we can see gvt travels along its ascending channel quite nicely. if it were to cruise along as such we could see a mid range target of 0065+ reached by Q3 this year just after the expo in Cyprus mid May
firstly welcome Zilliqua, its been around less then 1 month and is already making moves and being talked about regularly on social platforms. a gradual climb is always a healthy one and it follows the fib lines very nicely. based on this it should end up at approx 750 sat however elliott wave theory suggests that there are 2 other possibilities as wave 3 wasn't...
tricky one to predict with this erratic movement and the imminent appearance of 'testnet' (which is only a 'test' net but you hey-ho, whatever appeals to the masses i suppose). im thinking that fib lines say 650 should be the top but also there is a debate as to whether wave 3 was or wasn't 1.62 of wave 1, reason i feel there is a debate is because if you count...
burning question; once it starts, how long will this wave 5 run on for? we've seen GVT hold sublimely through the bitcoin dips and has maintained the 0027 correction (wave 4) at around 50% - harsh but not abnormal. we have a few possible outcome ahead and also some news and presentations with alpha release (imminent) and a calendar worthy expo within Q2. now on...
GVT has shown prolonged periods of sideways movement after every correction with erratic peaks and dips between the start and end of each wave. note: the lowest dip of that third curve (crossover between wave 4 and wave 5, aka bearish to bullish) is right on 31st March... alpha release :-)
so we are still correcting on wave 4 and what looked like would hold at 24% took a nose dive to the 38% and even sub 50% levels. drawing a strong line at 0026 as this is a good support area and we bounced right off it similar to the way up on wave 3. question is do we retest this level again (0026-0027) or are we just about peeping out enough at the upper...
self explanatory really, double bottom and then up... £4k could see the push we need to move
take a close look at the 2014 and 2018 charts. see the top, then immediate dip, the charge up followed by the big drop. the bull run followed by another dip (the one we just experienced). mid way in 2014 there is a green candle (this could be where we are - just below the 0.5 fib line, same on both charts). im thinking £4000 is on the cards ahead with some more...
Charted these targets on the fact that GVT runs perfectly between fib lines and with the upcoming alpha release we could see some para behavior occurring. As much as i am providing what 'may' happen i do feel this is a hodl coin, why risk shorting early and losing a decent vantage point when you can just hold and win at the end. GVT has 4.5m total supply! Just...