$GTC BREAKS THE STRUCTURE IN 1H AND LOOKS FOR HIGHER LIQUIDITY 🔴📈
After an accumulation phase around $0.110, $GTC put in a violent +21% expansion candle, reaching near $0.148, breaking the previous sideways range with massive buying volume.
Microstructure analysis:
Moving Average Crossover: Aggressive separation of the EMA 7 ($0.1285) above the EMA 25 ($0.1224) and the EMA 99 ($0.1179), signaling the start of an impulsive trend.
Momentum in MACD: Expanding green histogram with DIF (0.00285) crossing strongly upward, while the KDJ at 64 gives it a clean run before entering extreme overbought.
Controlled pullback to $0.138 is serving to flush out leveraged positions and lure impatient shorts before the next test of the $0.1485 peak and afterward the $0.168 zone.
Do you see this move as continuation to new highs or do you expect a retest of the EMA 7? 👀👇
DO IT. HIGHER. $GTC #BinanceSquare #Crypto #Gitcoin #Trading
After an accumulation phase around $0.110, $GTC put in a violent +21% expansion candle, reaching near $0.148, breaking the previous sideways range with massive buying volume.
Microstructure analysis:
Moving Average Crossover: Aggressive separation of the EMA 7 ($0.1285) above the EMA 25 ($0.1224) and the EMA 99 ($0.1179), signaling the start of an impulsive trend.
Momentum in MACD: Expanding green histogram with DIF (0.00285) crossing strongly upward, while the KDJ at 64 gives it a clean run before entering extreme overbought.
Controlled pullback to $0.138 is serving to flush out leveraged positions and lure impatient shorts before the next test of the $0.1485 peak and afterward the $0.168 zone.
Do you see this move as continuation to new highs or do you expect a retest of the EMA 7? 👀👇
DO IT. HIGHER. $GTC #BinanceSquare #Crypto #Gitcoin #Trading
