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Altcoins Chart Analysis Coin - GMT (GMT/USDT) Time Frame - | Crypto Trades

Altcoins Chart Analysis

Coin - GMT (GMT/USDT)

Time Frame - Daily

https://www.tradingview.com/x/7uV0D8w6

GMT is one of the best examples of what can happen to a coin when people are really into the technology and concept behind it. This is in so much hype and Demand that it quickly rose to 4$ after being listed.

It enjoyed it's second run starting from jan 1st to Jan 26th when it pumped approx. 300% from 0.23$ to 0.68$. Right now, almost all the gains from year beginning has vanished and GMT is forming textbook Double bottom. While everyone else is selling their coins at bottom in panic, I sense it an opportunity to accumulate. Previous H4 candle had nice volume printing good green candle.

If bulls manage to protect 0.23$ support, then Nearest Resistances are

0.28/ 0.30/ 0.33/ 0.36/ 0.42/ 0.61$

@CryptoTrades