GMTUSDT: DOUBLE BOTTOM INSIDE A WEDGE

1 mar 2023

This asset has formed a 4H time frame double bottom inside a Daily time frame descending wedge. There are multiple resistance that must be overcome for any possibility of considerable bullish continuation: The neckline of the double bottom, the resistance of the wedge, the 100 day moving average and a daily horizontal resistance. A buy may only be considered safe after beating all these hurdles. If the price succumb to these resistances, it might tumble by about 20% to around 31 cent.

18 mar 2023

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