GMT/USDT - Target reached at 1,85 - What next?

Mar 30, 2022

GMT/USDT - Target reached at 1,85 - What next?

previous analysis : [url= tradingview.com/chart/GMTUSDT/xBaUAQib-GMT-USDT-Bullish-potential-towards-1-85/]

context :

The GMT token surged to the upside reaching the expected target at 1,85 in few days. This strong impulsion cycle is not finished as long as 1,27 stay support in order to develop a wave 4 as standard consolidation before a last push up.
It make sense to take profit for those who play the upside since the bullish exit of the triangle in wave 2 because the RSI is showing quiet good bearish potential in order to be exhausted.

Key Elements:

- EMA support 1,66
- Key fibo level wave 4 = 1,66/1,48
- Impulsion Elliot wave target at 3,02 wave 5 target (log scale)
- 1,27 key auto similar move

Tactical view 1 to 3 Weeks

Above 1,27 buy any dips (1,66/1,48) to play 3,02 to play the wave 5 (last push up)

Keep going my friends - it is now or never for us !

Mar 30, 2022

Note

irregular flat on going with new top in the 4th wave - meaning now the support (dip) of the 4th wave is now at 1,95/1,88 max 1,68 on current level (as buying area - not stop)

Mar 31, 2022

Trade active

Sky rocket now we saw the buy level already.. this Token can become a legend lol

Mar 31, 2022

Note

LT target in LOG is at 67,00

Apr 1, 2022

Trade active

Update: 3.00$ Target reached - it is a level where it make sense to take some profit in order to finance the next move up of this trade. (From 0,61 entry level to 3.00 - you have to take some profit 20% something like that)

Then now the Key support is at 2,15 (Moving average are at 2,82/2,45 to add in dips and lets GMT showing us its balls... lets challenge 67$ could be one of the best trade of the year

67$ is a projection of fibonnacci level from the beginning, with the bullish exit from the triangle in wave 2 - it is the final target of the wave 3, wave 3 is a follower wave very strong in LOG scale, so it is not a crazy scenario, it is quiet standard....

Now we see 10% yield on Binance Earn on this coin so on my side i stack it and i keep it like that

Alternative : retracement towards 1,35 even 0,84 before new upside tentative (with a break below 2,15)

Enjoy my Friends - take care

---- PS: I proud to tell you that i launch my app on apple&android Store - AKT.IO => come and support me if you can :) ---

Apr 2, 2022

Trade closed: target reached