Analysis of GT asset (GT/USDT)

Let's consider the daily chart of the GT (gate Token) asset, which demonstrates a strong uptrend.
1. Current situation 📊
Price: Closing at 16.891 USDT (+15.01%).
Elliott: The formation of the fifth wave can be seen, which may be the final stage of the impulsive movement.
Indicators:
Ichimoku: The price is confidently above the cloud, confirming the bullish sentiment.
SAR: Parabolic points below the price, indicating a continuation of the uptrend.
Bollinger Bands: Expansion of the bands, which hints at high volatility.
2. Key Levels 🔍
Resistance: 20.415 USDT - the nearest target in case of further growth.
Support:
13.413 USDT - the first possible consolidation zone.
11.485-10.689 USDT - zone of strong buying interest (purple zone).
3. Volume and activity 🔥
Volume: Strong growth in volumes confirms buyer interest.
OBV: An indicator at new highs, which increases confidence in the current movement.
4. Development Scenarios
Bullish scenario 🚀:
Breakthrough 17 USDT with fixation above.
Goals: 20.415 USDT and above.
Bearish scenario 📉:
Correction to the zones of 13.413 USDT or 11.485 USDT, which will provide an opportunity for a new set of positions.
5. Recommendations ✅
For current holders: Continue to hold positions with protective stops below 13.4 USDT.
For new participants: Opening positions is possible after confirming the breakthrough of 17 USDT or on a rollback to support.
6. Conclusions 📝
GT continues to show confident growth. With the support of volumes, the asset is capable of reaching new highs. However, it is worth considering a possible correction, especially in case of a decrease in buyer activity.
🔥 Tip: Keep an eye on the development of the fifth wave and lock in profits at key levels! 🔥
#TopContentChallenge