This is a coin I've been monitoring for the past few days. I hate to take a position of "this coin is due" but so many others are exploding after coming to major TA crossroads. On the 1D chart, GVT shows a critical decision point with the coin riding the 100MA. Looking at the 1hr, it's been wedging to indecision and is prime for a breakout to the up or downside. The 1hr 100MA looks to change slope within the next 1-2 hours since a huge bearish price sheer is going to be eliminated from the average. Expect the breakout shortly after. We're looking at potential 30%+ gains. After wave Elliot Wave 1, we should have an idea of the max potential. Good luck as always.
Giao dịch đang hoạt động:
As anticipated, once the 1hr 100MA slope changed, the price jumped. We expected a retracement for Elliot Wave 2 and it fell to the 50% beautifully (wave 2 has a 70% chance of landing between 38.2-61.8% Fib level).
Now what? We could go a bit lower and bounce off the 61.8% but let's look at the probabilities for Wave 3.
Probability of Wave 3 being 100%-161.8% of Wave 1 length is 15%
Probability of Wave 3 being 161.8% - 175% of Wave 1 length is 45%
Probability of Wave 3 being 175% - 261.8% of Wave 1 length is 30%
Probability of Wave 3 being Greater than 261.8% of Wave 1 length is 10%
Now what? We could go a bit lower and bounce off the 61.8% but let's look at the probabilities for Wave 3.
Probability of Wave 3 being 100%-161.8% of Wave 1 length is 15%
Probability of Wave 3 being 161.8% - 175% of Wave 1 length is 45%
Probability of Wave 3 being 175% - 261.8% of Wave 1 length is 30%
Probability of Wave 3 being Greater than 261.8% of Wave 1 length is 10%
Giao dịch đang hoạt động:
Holy .786 retracement, Batman. Looks like we're starting wave 3. Let's look at the 5 min chart for stops. We had a nice downward wedge that naturally broke to the upside. Now we're at the end of another wedge. Let's see how this plays out.
Giao dịch đang hoạt động:
It jumped like clockwork. Now let's see where this channel takes us.
Bình luận:
Giao dịch đang hoạt động:
We're looking really nice here and the trade is still active. The 1hr shows an overbought RSI level and we've gone pretty parabolic so watch for the correction. I've outlined an area of high volatility starting in 4 hours.
Giao dịch đang hoạt động:
There was a big jump and then the correction beginning right in the highlighted high volatility area. Now we've got a bit correction of the last wave down to the .618 Fib level. Looking at the daily chart, the coin could go either way over the next several hours but it's pretty clear there's going to be another jump within the next few days. The next one's going to be even bigger. Expect somewhere in the 32k satoshi range. Good luck!