GTO downlink. Local lateral canal. Break through possible

8 Jan 2020

GTO, like all altcoins, the main trend is downward. Which formed a downward channel. A minor trend since August formed a lateral movement in the channel with a step of 25%.

The price is now at the critical support area. Perhaps we will see her breaking through, possibly a false breakdown. If there is a break through and the price consolidates under support, then the similar will be like on the eth / btc pair half a year ago - lowering the price to the width of the previous accumulation channel.

If there is only a false breakdown, then the input at the bottom of the previous accumulation channel has a potential of about + 25%.

Pay attention to the downward trending resistance of the downward channel, only a breakthrough and fixing the price above it will mean a reversal! Before that, you remember - you are trading in a downtrend and the bottom is unlimited in this case.

Use Stop Loss with an adequate value and when entering the market, have a clear plan for entering the transaction and exiting when the price goes in your favor or against you.

15 Jan 2020

Nota

The price has reached the indicated zone - the bottom of a potential new accumulation channel.
If support is confirmed, the potential for the first movement is + 35%.

7 Mac 2020

Nota