GVT, while having solid fundamentals is a fairly new coin and still hasn't experienced a downtrend (only small corrections after spikes) after doing around x9.
It already tested several times around 29k sats without breaking trought and staying there. Volume is also relatively fairly low
That's why I think once it breaks the trend line, it will fall around 13-14k sats, where there is a strong support from before. That support would be also around 0.618 fib retracement.
So short term (2-4 weeks), that coin is dangerous, while long term it's still interesting.
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Still learning, so don't use my only TA for investment advice, check other analyses too.
It already tested several times around 29k sats without breaking trought and staying there. Volume is also relatively fairly low
That's why I think once it breaks the trend line, it will fall around 13-14k sats, where there is a strong support from before. That support would be also around 0.618 fib retracement.
So short term (2-4 weeks), that coin is dangerous, while long term it's still interesting.
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Still learning, so don't use my only TA for investment advice, check other analyses too.