GIFTO (GTO): How Close Can It Get to a Breakout?
SUMMARY
The below chart of Gifto (GTO) shows how close price is to the apex. Yes, a lower low is possible; but given how price has been obedient to stay within the contracting lines has a 3.5 month history.
The Elliott Wave labelings shows that the whole price corrective action boils down to a potential breakout. Per this count, just about every wave is placed. The MACD is giving the same message that its abcde (blue) waves are pretty much all placed. What would tank this? IF Bitcoin tanks.
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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Nice photos.
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for those digital currency entrepreneurs this is a real concern, hopefully the future can return the best thing, thank for this information. Good luck
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Very good analysis @haejin
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lol