Possible sketch for GTO recovery - lovely bull pendant forming, although this may fall lower should it look to recover to its previous rate with a further correction up then down to previous resistance. In this scenario, the fib should be discounted and redrawn to new levels (update will follow).
Considering the overall weakness of the sell pressures across the range, and the strength of the lower restraint against some pretty obvious attempts to push the market back down, we could see a recovery up to the following fib ranges.
GTO looks to be a great long term hold for me.
Opinion not advice.
Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC -8.64% -10.79% 1.74% 2.48% 1.99% donation if you find this helps, and want to spread the love!
Considering the overall weakness of the sell pressures across the range, and the strength of the lower restraint against some pretty obvious attempts to push the market back down, we could see a recovery up to the following fib ranges.
GTO looks to be a great long term hold for me.
Opinion not advice.
Comments welcome - 1B2rBfu9X4nms6EtuQWDQuNy87Jn9hYkJs for BTC -8.64% -10.79% 1.74% 2.48% 1.99% donation if you find this helps, and want to spread the love!