GTCO: Testing Key Support – Will It Hold? GTCO has demonstrated remarkable price action over the years, reflecting both bullish surges and periods of retracement. On January 22, 2018, the stock reached an all-time high (ATH) of approximately N57 before experiencing a prolonged decline. However, the tides shifted on October 4, 2022, when GTCO rebounded from a low of N17, igniting a sustained upward trajectory. Despite intermittent corrections, this stock has maintained a broader bullish structure, culminating in a fresh ATH of N64.5 on March 3, 2025. Key Technical Questions: 1️⃣ Will the N57 Level Act as a Strong Support? The previous ATH of N57, now potentially acting as a support zone, is a crucial level to watch. If this level holds, it could serve as a strong demand zone, providing a foundation for further price appreciation. However, a decisive breakdown below N57 with increased selling pressure may signal a deeper retracement. 2️⃣ What’s Next for GTCO? If N57 proves resilient, a consolidation phase could set the stage for another rally toward higher price targets. A sustained breakout above N64.5 would confirm continued bullish momentum, potentially opening doors for price discovery into uncharted territory. Conversely, a failure to hold above N57 could see the stock revisiting lower support levels, with N57 and N49.5 being key areas to monitor. Conclusion GTCO remains in an overall bullish structure, but the ability of the N57 support level to hold will dictate its next major move. Traders and investors should watch for confirmation signals—such as volume trends and price action near this critical zone—before making strategic decisions.
Trade review as i said we were looking bullish, now to trade the retracement
we have an expanding triangle forming as the structure of the correction that happened after a very huge impales to the upside and an inverse head and shoulder forming as an additional confirmation at the resistance of the correction.
1-hour chart of XAU/USD (Gold Spot vs. US Dollar), Chart Breakdown: 1. Key Levels & Market Structure: • Support & Resistance: Blue lines highlight important support and resistance levels. • Price Action: The price is attempting a breakout from a previously rejected zone, marked by orange circles and lines. • Potential Breakout: If the price breaks above the 2,925 level, the next target could be between 2,952 - 2,960. 2. Trade Setup: • Entry Zone: The red zone represents a potential stop-loss area, around 2,913. • Target Zone: The take-profit zone is marked between 2,952 - 2,960. • Price Projection: If the price successfully breaks out, it could form a higher high and continue the bullish momentum. Conclusion: This setup suggests a bullish breakout opportunity if the price moves above resistance. However, if the breakout fails, the price may retrace back to the support level.
BINANCE:LINKUSDT (1D CHART) Technical Analysis Update LINK is currently trading at $16.39 and currently we are seeing trend reversal and heading towards breakout from the bearish trend, if the price continues the bullish momentum we expect a clear breakout and bullish start of the bullish trend. Entry level: $ Enter after breakout 18 Stop Loss Level: $14 TakeProfit 1: $ 20 TakeProfit 2: $ 22 TakeProfit 3: $ 26 TakeProfit 4: $ 30 TakeProfit 5: $ 35 Max Leverage: 2x Position Size: 1% of capital Remember to set your stop loss. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers GreenCrypto
According to the current trend analysis, BTC has reached a critical point of long-short negotiations in the short term, but it is also at this time that we must pay attention that there is a high possibility of large fluctuations. Traders still need to observe calmly. Blindly entering the market will only put you in danger. From the analysis, BTC can focus on the resistance of 90700 and 91500 in the short term. Focus on the support of 88500 and 87400 below. Trading is risky, so control your position reasonably. The market is changing rapidly, and accurate signals are subject to real-time. BINANCE:BTCUSDT INDEX:BTCUSD COINBASE:BTCUSD BITSTAMP:BTCUSD
https://www.tradingview.com/x/hWvpbY05/ ✅GBP_JPY is about to retest a key structure level of 193.000 Which implies a high likelihood of a move down As some market participants will be taking profit from long positions While others will find this price level to be good for selling So as usual we will have a chance to ride the wave of a bearish correction SHORT? ✅Like and subscribe to never miss a new idea!✅
I think SPX may be in a rally before breaking a really big support. If that's the case we could see a capitulation swing to 5500. I've built up a series of short term lotto bets on this. Betting on a weak close to the week and big break of the lows.
Assuming we stay above $578.5 im proud to claim that this is a good point to start buying the dip. We saw signs Feb was better than Jan and in the best of times we may say, by July we won't even be talking about inflation - remember 2021? Inflation didn't become a thing again until Jan 2022 when rates begun getting raised. We don't know how things will play out into summer but the stock market is all relative and tomorrow looks better than today, today.
As i said we going long for for the next two weeks