Graph Analysis #GMT

#GMT /USDT на 1D

Price movement forecast (short term, medium term):

Short term: The price is in a downward channel. It is expected that in the near future the price will fluctuate within the channel between support and resistance levels.

Medium term: Possible exit from the downward channel with subsequent growth to the resistance level at 0.3300. If this level is broken, the price may reach 0.3800.

Support and resistance levels:

Support:

0.1281 (lower border of the descending channel)

0.1180

Resistance:

0.1850 (upper limit of the descending channel)

0.2500

0.3300 (key resistance level)

0.3800

Possible entry, exit, stop loss points for a long position:

Entry: Upon a rebound from the level of 0.1281 and confirmation of reversal signals (for example, on lower timeframes).

Exit: Partial profit taking at the level of 0.1850, then upon reaching the level of 0.2500 and full fixation at the level of 0.3300.

Stop Loss: Below the level of 0.1180 to limit possible losses.

Possible entry, exit, stop loss points for short positions:

Entry: Upon confirmation of a rebound from the upper border of the descending channel at the level of 0.1850 or upon a downward breakdown of the level of 0.1281.

Exit: Partial profit taking at the level of 0.1180 and full fixing at the level of 0.1000.

Stop loss: Above the level of 0.1850.

Scenario probability assessment:

Long scenario: 60% - given the current downward trend, a rebound is possible when approaching the level of 0.1281.

Short scenario: 40% - if the support level of 0.1281 is broken, a further downward trend is possible.

Indicator analysis:

Ancored RSI Volume Profile Indicator: Shows that the price at 0.1564 has significant support.

Ichimoku Cloud Indicator: The Kumo Cloud acts as a resistance zone, confirming the short-term downtrend.

Parabolic SAR indicator: SAR points are above the price, indicating the current downward trend.

EMA indicator: Exponential moving averages indicate strong resistance at 0.1850 and 0.2500 levels.

YK Round Levels indicator: support and resistance levels are at the key levels of 0.1281 and 0.3300.

RSI indicator: Current RSI values ​​are around 50, indicating uncertainty and a possible reversal in the short term.

Additional factors:

Exchange reserve: Decrease over the last 7 days.

Net deposits on exchanges: Growth over the last 7 days.

Capital inflow: Capital outflow predominates over the last 7 days.

Inflow of large holders: Outflow predominates over the last 7 days.

Growth of active addresses: Increase over the last 7 days.

Growth of new addresses: Increase over the last 7 days.

Trading volume: Increased over the last 7 days.

Conclusion:

Given all the above data, the most likely scenario is a short-term rebound followed by growth in the medium term. Subscribe so you don't miss the latest news! 🔔💰➡️🌀@INVESTIDEAUA INVESTIDEAUA