GMT/USDT is Ready For a Potential Correction | GMT AnalysisYello Paradisers, let's zoom in on GMT!
💎At the moment, it's oscillating within a specific range, and we're eyeing a potential downward breakout on the horizon.
💎If this breakout materializes as anticipated, it's likely to catalyze a swift corrective move.
💎Worth noting are the dual confirmed order blocks in the shorter timeframe. Due to existing liquidity, the price is projected to gravitate towards these levels.
💎In a previous cycle, what was once a demand zone flipped into a supply area, leading to a marked price decline and zeroing in on the prior Order Block (OB).
💎As always in the ever-fluid crypto landscape, staying alert and adaptable is your golden ticket. Keep your charts fresh and stay tuned for more updates. Happy trading!
STEPNUSDT trade ideas
GMTUSDT is collecting new liquidity?New Liquidity from $0.1681: The current market situation involves GMTUSDT attracting fresh liquidity from the $0.1681 price level. Liquidity often gathers at specific price points and can influence price movements.
Breakout Target: $0.1858 Area: According to the analysis, for a potential long trade, the price needs to establish a clear breakout above the $0.1858 area. A breakout signifies a substantial price movement beyond a significant resistance level, indicating the potential initiation of a bullish trend.
Plancton's Rules Application: In accordance with Plancton's Rules and aligned with the analysis, there is consideration of a new long position if the price successfully experiences the mentioned breakout. A long position involves acquiring the asset with the expectation of its price rising.
GMT MACRO ANALYSIS 2ND SCENARIO UPDATENZX:GMT scenario 2 seems to be the favorable scenario after scenario 1 after it has been invalidated (see the previous analysis for context)
Now I have a not entirely new scenario that stays in between scenarios 1 & 2. It means we're in some kind of Elliotewave Expanded Flat X-cyan on macro and we've just completed wave B-yellow of it ABC and we're about to begin wave C-yellow leading the price to at least $0.7
10 reactions to this post and I'll update it daily.
#cryptocurrencies #STEPN #GMT
GMT LONG & SHORT TERMHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GMT WHAT'S NEXT!
As we can see price is still around a strong support zone, where we will be looking for new longs from a long- and short-term perspective.
However, for the bulls to kick in from a long-term perspective we need a break above the marked major swing high from Daily time frame.
Meanwhile, from a shorter-term perspective price is sitting around a minor support zone which is our previous swing high broken upward,
Then for the bulls to kick in from a short-term we need a break above the marked swing high then a movement higher would be expected.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
GMT break-out
GMT is breaking out its trendline since Mai 2022.
Volume indicators CMF and MFI are also breaking their trendline.
Massive pump is very likely, specially after the good news from XRP today (XRP named not a security).
Short-term TPs are Fib 0.236 and 0.382.
Mid-term TPs are Fib. 0.5 and 0.618.
GMT could go up?! As you can see, there's a slight bullish divergence on the 15 minute time frame where the lower lows of the Price Action are slanting downwards whereas the lower lows of the RSI and the CCI are slanting upwards.
I've bought GMT at $0.236.
Will update you guys if it does move UP from here.
As always, do your OWN EXTENSIVE research before buying anything.
