After forming an all-time high at $1 psychological round number, Gifto corrected down by 85% where it found the support at $0.15 and formed a double bottom. Following strong wave upwards resulted in a 350% growth but the uptrend was stopped precisely at the 61.8% Fibonacci retracement level, that is $0.7.
Price went back, almost towards previous support and found the bottom this time at Today GTO/USD $0.19, where the bullish divergence was formed on the RSI oscillator. The following wave up resulted in a break above the descending channel, suggesting the potential reversal to the upside.
The next wave up could send price back to the previous resistance at $0.7 area, that is 170% growth potential. On a downside, only break and close below $0.15 support could invalidate bullish outlook.
Price went back, almost towards previous support and found the bottom this time at Today GTO/USD $0.19, where the bullish divergence was formed on the RSI oscillator. The following wave up resulted in a break above the descending channel, suggesting the potential reversal to the upside.
The next wave up could send price back to the previous resistance at $0.7 area, that is 170% growth potential. On a downside, only break and close below $0.15 support could invalidate bullish outlook.
Commentaire:
Clean bounce off the support by Gifto, uptrend to begin
Commentaire:
Gifto near the target