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GTC / TetherUS PERPETUAL CONTRACT

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GTCUSDT.P trade ideas

GTCUSDT.1DThe daily chart of GTC/USDT shows an interesting pattern of recovery after a significant downtrend, marked by a descending resistance line that has recently been breached. This analysis will focus on the current breakout, resistance, and support levels, alongside indicators to understand the ongoing trend. Price Action and Structure: GTC/USDT has shown a notable recovery as it broke out from a long-term descending resistance line, indicating a potential trend reversal. The price is currently trading at $1.229, having surged past the previous resistance, which may now act as support. Resistance and Support Levels: Resistance Levels: The immediate resistance is at $0.997, which was recently breached and may now serve as a support level on any potential pullback. The next major resistance lies at $1.397, where previous price peaks may challenge upward movements. Support Levels: The key support level to watch is $0.747 (S1). A strong foundation at this level could stabilize the price during retracements. Another lower support is positioned much lower at around $0.300 (S2), which marks historical lows. Moving Averages: The breakout above the descending resistance line and the subsequent holding of levels above $0.997 suggest a positive shift in momentum. The price positioning above key moving averages would provide further confirmation of bullish sentiment. Technical Indicators: MACD: The MACD line is above the signal line and in positive territory, supporting the bullish momentum. The histogram also reflects growing strength as it increases in positive value. RSI: The Relative Strength Index is at 68.82, approaching overbought territory. This could indicate strong buying pressure, but also warrants caution as the market may become overextended and susceptible to a correction. Conclusion: GTC/USDT's market behavior signals a bullish outlook following the breakout from the descending resistance. The current technical setup suggests potential for further gains towards $1.397 if the newfound support at $0.997 holds firm. Traders should monitor this level closely for any signs of consolidation or retracement. The RSI nearing overbought conditions may signal a temporary pullback or consolidation, making it essential to watch the MACD for any signs of diminishing momentum. Overall, the market appears set for further exploration of higher levels, provided the support levels hold against any selling pressure.
by MarsSignals
#GTC (SPOT) entry ( 0.540- 0.840) T.(7.3 ) SL(0.528)BINANCE:GTCUSDT entry range ( 0.540- 0.840) Targets ( 1.59 - 2.09 - 4.26 - 7.3 ) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .4H close below (0.528) ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC
Long
by Crypto_alphabit
Trade Signal for GTCUSDT PairAttention Traders, We have a fresh trading signal for the GTCUSDT pair. Based on a thorough analysis utilizing the EASY Quantum Ai strategy, we predict a bearish movement for this pair. Let's delve into the specifics of this signal: Direction: Sell Enter Price: 0.683 Take Profit: 0.649 Stop Loss: 0.712 Justification for the Forecast: Our decision to predict a downward trend is based on a combination of market indicators that suggest a weakening momentum of the GTCUSDT pair. 1. Technical Indicators: The analysis shows a divergence in RSI levels, often indicative of a forthcoming downturn. Additionally, the moving averages reveal a crossing pattern that traditionally signals sell opportunities. 2. Market Sentiment: Recent market volume and trader sentiment data suggest a shift towards selling pressure, adding credence to a bearish outlook. 3. Macro Factors: Broader market conditions and trends in the cryptocurrency sector further support our projection of declining value in GTCUSDT. We advise traders to approach this opportunity with caution and to abide by prudent risk management practices. Adjust positions as necessary based on market conditions and personal risk tolerance. Stay tuned for further updates and happy trading!
Short
by ForexRobotEasy
Gitcoin To The Moon: 800%+ Liquidity Hunt ExplainedYou could say that the only reason why Gitcoin is bullish now is because recently it produced a new All-Time Low. Imagine the new huge difference: a pair trading near its All-Time High and another one trading near its All-Time Low, opposite poles. ➖ GTCUSDT bottomed, hitting the lowest ever, 2-September 2024. We see some bullish action, like rising slowly for 8 weeks and leaving behind a rounded bottom which works as a reversal signal. ➖ The prior ATL, before 2-September 2024, happened in August 2023. The action is happening just barely above this level. This is marked with the longer orange line on the chart and this work as another reversal signal. ➖ There is also a local downtrend line that has been broken recently. It is true that these trendlines are "subjective" and people can draw them in different ways but still, one can easily appreciate when price action is respecting a certain trendline. If there are several reactions with the same line, we know that it can work as resistance or support. ➖ Another signal which we have been using recently and it is a bit unconventional is the size and proportion of each wave. On the left side, we can see a big down-wave. On the right side, we can see a much smaller down-wave after a long period of consolidation. The second down-wave becoming many times smaller than the first one tells us that the bearish pressure the market was experiencing is gone. The last drop is more like a liquidity hunt. Ok, so liquidity has been hunted, where do we go next? To the moon of course... Growth potential can go beyond what is shown on the chart. Thank you for reading. Namaste.
Long
by AlanSantana
#Gitcoin’s Make-or-Break Moment: Will #GTCUSDT Soar or Sink?Yello, Paradisers! Are you watching #Gitcoin closely because it is reaching a key moment? Let's look at the latest analysis of #GTCUSDT and see what's happening: 💎#GTC is moving within a falling wedge and gathering momentum for a bullish breakout from this formation. A breakout from this formation could ignite a massive bullish wave for the #GTCUSDT. 💎If the bulls can muster enough strength, we could soon witness a breakout from this pattern, setting the stage for a bullish rally. Should this trend continue, the price may surge toward the internal resistance zone at $0.831 — and if momentum persists, we might even see a push toward the major resistance level 💎But caution is key. If the bulls can't deliver the necessary momentum to break free from the falling wedge, the price could slip toward the lower support zone at $0.51–$0.56 as it hunts for liquidity. 💎If the major support zone also fails to provide enough liquidity to break from the falling wedge then the bearish pressure will increase and LSE:GTC will continue to fall. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
1
GTC Can Pump 31%- The GTC currency is at its price floor and it has a high probability that it will move from here to the 31%, 70% targets whose prices are shown in the picture. Price now: 0.629 - Today is August 19, and in terms of time, we expect the first target to be touched by September 8. - We must close our deal on the final date under any circumstances whether the target Touch or not. - Step entry (at 0.574) and step exit in targets and capital management and entry confirmation as well as stop selection are suitable for traders. - Stop offer: 0.460, considering that the stop point is around 20%, do not risk more than 2% of the total capital on the position. ⚠️ ❌ Disclaimer: This is our analysis and the responsibility of any trade and any profit and loss lies with the trader. We hope you will be profitable. .
Long
by goldsignall
GTCUSDT.1DReviewing the daily chart for GTC/USDT, we can discern significant technical levels and trends which are vital for formulating a strategy. Key Resistance and Support Levels: Resistance 1 (R1): $1.680 - This level represents a significant challenge for buyers, as it has previously acted as a strong resistance point. Support 1 (S1): $0.937 - Currently, this is the primary support level, where the price has shown resilience and potential buying interest. Support 2 (S2): Lower than S1, not specified in exact figures on the chart but a critical level if a downward trend accelerates. Technical Indicators: Relative Strength Index (RSI): The RSI is currently at 39.71, which is below the neutral 50 mark, suggesting bearish momentum. It's nearing the oversold territory, which might indicate a potential reversal or at least a stabilization if it dips below 30. Moving Average Convergence Divergence (MACD): The MACD is close to the signal line but still below, indicating bearish momentum. The closeness of these lines suggests potential for a change in momentum, so this should be closely monitored. Trend Analysis: The price is trading below a descending trend line, which has been acting as resistance for upward movements. The current position near this trend line might again test its resilience. Conclusion: The GTC/USDT market is showing signs of bearish pressure with the price currently trading below key resistance levels and technical indicators supporting this view. The near-term strategy could involve watching for any potential bullish reversal signals at S1, as the RSI is nearing oversold conditions. If the price holds or bounces back from S1, it could present a buying opportunity with a target of R1 at $1.680. Conversely, if the price breaks below S1, it could potentially test further lows towards S2, and traders might consider short positions or exiting longs. Given the MACD's position close to the signal line, any crossover above this line could also be used as a confirmation of a strengthening bullish trend. Always, it's crucial to consider stop losses to manage risk, particularly in such volatile trading conditions.
by MarsSignals
GTC/USDT Get ready for continue the upward movement!💎 GTC has recently experienced significant market dynamics, particularly with a successful reclaiming of price above the support level after a bearish trap. This led to a bounce in price, suggesting potential for continued upward movement towards our target strong resistance area. 💎 However, if GTC struggles to maintain its upward momentum, there's a likelihood of price retracing back to the support area to gather new bullish momentum. 💎 It's crucial for GTC to bounce from this support area, as failure to do so could result in a breakdown, with the next potential stop being the demand zone around 1.42. Such a scenario would confirm a return to a downward trend. 💎 Nevertheless, there remains a chance for GTC to resume its upward movement if it manages to reclaim the price above the support level. However, if this scenario fails to materialize, the price may continue its descent further downwards.
by MyCryptoParadise