All Eyes On GMM ...

מעודכן
There Was A Huge Order Block Was Born In Dec 2022, When The FaceBook-Related News Was Published And The GMM Heavily Pumped And Said Hello To The 0.005 Zone. ( You Can Google it! )
After That, We Had a Major Correction Down To That Monthly Demand Zone Which Led To Formation Of a Doji Candle That Highlighted On The Chart.
So, As You Can See, A Colossal Double Bottom Pattern Formed On Monthly TimeFrame, Which Made This Token So Hot And Promising.
Remember, The Monthly Double Bottom Is A Thing You Should Take It Seriously!

תמונת-בזק

The Ascending Channel Shown As Below, Has Many Technical Aspects That Validate The Bottom Of The Channel, Including A Big-Big Weekly Cup-And-Handle Pattern Right On the bottom!
This Thing Made The Bottom Of the channel More Realistic And Valid. So A Second Jump To the Upper Border Of The Channel Is Expected.

תמונת-בזק

The Base Shown On The Chart Below, Stopped GMM From Breaking Up The Cup-And-Handle Pattern Many Times. But Multiple Tries To Break It, Weakened This Zone And We Should Consider It As a Fake Resistance At The Moment.
This Zone Broke In The Last Few Days And We're On The PullBack Phase, Once the PullBack Completes, Upside Move Will Be Inevitable.

תמונת-בזק

We Are Witnessing 10 Encounters With This Level In The Daily Time-Frame. Such a Phenomenon Has Excessively Weakened This Level, And it Can Be Confidently Said That From Now On, This Level Will Be Perceived As a Fake-Resistance-Zone!

תמונת-בזק

So, We Will Go To The Previous High And Perhaps, A New High At The Upper Line Of The Channel.

Not Financial Advice ...


הערה
Target #1 : 0.0049
Target #2 : 0.0075 - 0.008
Target #3 : ...

Huge Green Candles incoming!

תמונת-בזק
עסקה פעילה
Chart PatternsTrend Analysis

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