NASDAQ:GT ’s weekly chart shows a rounding bottom between $18.00 and $22.00, signaling a reversal. The 50-week MA ($20.30) is reclaimed, with RSI at 58 trending up. Resistance at $22.50 is key—above it, $26.00 beckons. Support at $18.00 protects downsides. Volume confirmation is critical here.
NASDAQ:GT is approaching $22.50 resistance on the daily chart after clearing the 200-day MA ($19.80). RSI at 62 and a bullish MACD back the uptrend. Support at $20.00 holds, but a rejection at $22.50 could test $19.00. Volume spikes will decide—longs target $25.00 if it breaks.
A golden cross on NASDAQ:GT ’s weekly chart (20-week MA over 50-week MA at $20.30) hints at a bullish shift. RSI at 58 supports gradual buying, with $22.50 as resistance. A breakout could eye $26.00. Support at $18.00 (200-week MA) is solid. Volume needs to confirm—watch $22.50 closely for the next move.
"Technical bounce on NASDAQ:TSLA at 160-180? – Possible long???" ? Nasty drop on TSLA, broke below the $250 level. ? Potential short setup now, with a target around $160-180. That’s where I’ll start buying—if we get a daily or weekly reversal candle, with a stop just below support. ? Follow me for more updates on stocks and futures.
Hello Traders, In today’s Bitcoin update we are focusing on the weekly timeframe, specifically the high time frame trading channel that has played a key role in guiding price action. We previously had a bullish wave count that pushed price above the channel, completing a wave 5 impulse to the upside. However, that breakout has now failed with price closing back below the channel resistance, indicating a trend shift and confirming a failed auction above the structural high. Key Technical Points: • Failed Breakout: Price closed back below the channel after completing the wave 5 impulse, signaling a trend reversal. • Bearish Wave Count Begins: Price is now following a likely bearish wave structure with downside potential toward the key swing low at 33,530. • Wave 2 Rejection Zone: As long as Bitcoin trades below the channel high, this region acts as resistance, and a wave 3 bearish expansion may be unfolding. The breakdown from the channel high shifts sentiment and suggests a bearish market phase may be underway. This is especially critical on the weekly timeframe, where each candle represents significant market activity over a 7-day period. Patience will be essential as these moves take time to play out. From a trading perspective, high time frame short positions near resistance can serve as a portfolio hedge, giving flexibility to buy much lower if the market dips into key support zones. The 33,530 swing low remains a vital level to watch—it could act as a major demand zone for future long opportunities, though that’s likely later in the year.
NASDAQ:GT ’s daily RSI at 62 suggests bullish momentum with room before overbought territory (70). The price sits above the 50-day MA ($20.50), with $22.50 resistance in sight. Volume is rising, and Bollinger Bands tighten—volatility’s brewing. Support at $20.00 is key; a drop below risks $19.00. Longs should aim for $22.50 with tight stops.
NASDAQ:GT broke above its 200-day MA at $19.80 with solid volume, signaling bullish momentum. RSI at 62 shows strength without exhaustion, and MACD’s bullish crossover agrees. Support at $20.00 (50-day MA) holds firm, while $22.50 resistance looms. A break above targets $25.00. Watch for a pullback to $19.80 if momentum fades—stops below protect against reversals.
NASDAQ:GT ’s weekly chart reveals a potential rounding bottom forming between $18.00 and $22.00, a pattern signaling a shift from bearish to bullish sentiment. The 50-week MA ($20.30) was recently reclaimed, backed by a golden cross as the 20-week MA crossed above the 50-week MA. RSI at 58 trends upward, far from overbought, while the stochastic oscillator in bullish territory suggests sustained buying pressure. Resistance at $22.50—a prior high—stands as the breakout trigger; surpassing it could target $26.00, the pattern’s measured move. Support at $18.00, near the 200-week MA, offers a firm base if selling emerges. Volume has ticked higher, supporting the reversal thesis, though confirmation requires a strong close above $22.50. ATR indicates rising volatility, hinting at a big move ahead. NASDAQ:GT ’s utility in Gate.io’s ecosystem, including fee discounts and staking, could drive demand if adoption grows. However, false breakouts have hit NASDAQ:GT before—watch for sustained momentum. Long-term traders should eye $22.50 as the key level, with stops below $18.00 to manage downside risk. This setup favors patience for a high-probability trade.
NASDAQ:GT is showing signs of a breakout on the daily chart after consolidating above the 50-day MA at $20.50. The recent push past the 200-day MA ($19.80) with elevated volume signals strong bullish intent. RSI sits at 62, indicating momentum without overbought conditions, while the MACD line crossing above the signal line confirms upward pressure. Key support lies at $20.00, where the 50-day MA and a prior resistance-turned-support converge. Resistance at $22.50—aligned with the 61.8% Fibonacci retracement from the January peak—looms as the next test. A decisive close above could propel NASDAQ:GT toward $25.00, a psychological level with historical significance. However, Bollinger Bands are tightening, suggesting a volatility spike is imminent. Traders should watch for a volume surge to validate the move. On the downside, a drop below $20.00 risks a retest of $19.00. The Gate.io ecosystem’s growth could fuel this rally, but broader crypto market sentiment remains a wildcard. Longs should target $22.50 with stops below $20.00 for a solid risk-reward setup.
Unpopular opinion. Gold versus Silver ratio could be going up much higher. Historical Paradigm Shift Breakout Line Gold Standard Abolished above inclining 12 year moving average