๐ฅ GMT Inverse Head & Shoulders: Bullish Break Out
Like most alts, GMT has been trading relatively bullish over the last few weeks. During this period, an inverse head & shoulders pattern has emerged on the chart.
As of now, GMT is on the verge of breaking out though the neck-line. Classically, this could indicate that a strong volatile move is coming. If we can close the day above $1 I think that the likeliness of this pattern playing out bullish will increase by a lot.
Targets placed at recent tops in blue.
As of now, GMT is on the verge of breaking out though the neck-line. Classically, this could indicate that a strong volatile move is coming. If we can close the day above $1 I think that the likeliness of this pattern playing out bullish will increase by a lot.
Targets placed at recent tops in blue.
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