Panjang
GVT to continue following the trend? if so, buy at 88; sell 178
A buddy asked me to take a look at GVT today, and while this isn't a name that is typically on my radar, i am actually intrigued by this chart
Throughout the year, it has made a series of higher lows and lower highs finding itself in a wedge formation. It also followed a 50% retrace on the last major high to low. If we then use that retrace level as the high, and the low as price meeting that lower trend-line, would be around 88. If it continues following this 12 month pattern, i am liking a bounce up to THAT 50% retrace which would put it around 178.. just over 100% gain. yup! i like that! in the world of alts, this one seems relatively more stable, and probably a lower risk trade than most.
TL;DR :
buy at 88000
sell at 178000
Throughout the year, it has made a series of higher lows and lower highs finding itself in a wedge formation. It also followed a 50% retrace on the last major high to low. If we then use that retrace level as the high, and the low as price meeting that lower trend-line, would be around 88. If it continues following this 12 month pattern, i am liking a bounce up to THAT 50% retrace which would put it around 178.. just over 100% gain. yup! i like that! in the world of alts, this one seems relatively more stable, and probably a lower risk trade than most.
TL;DR :
buy at 88000
sell at 178000
Nota
fast forward 11 days or so and the alert i had set up at <9500 went off.we are getting close!
Dagangan aktif
orders filled at 8801giddy up
Nota
beautiful! hit that trendline near perfectly and massive 25+ % bounce so far:) giddy up indeed
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.