We can see prices slowly and steadily moving higher within this black "channel" that I just draw.
Seeing that the last peak was hit back in October, we have a higher low and a break of EMA10 and EMA50 on increasing , a move is very likely next.
Conditions for change
If prices for GVTBTC move back down and close below EMA10 and EMA50, the above signals become invalid and a new analysis is needed.
The next short-term target is sitting at 0.0001888 followed by 0.0002444. Additional targets and information can be found on the chart.
Thanks a lot for reading.
This is not financial advice.