GVT is fairy young coin, so as such, it has not finished 1st 8-waves cyckle. It finished 1-5 waves, and I suspect that it's currently in wave "A". Now its a matter of time, that turn for wave "B" will occur. There are 2 levels, at which, alts like to end wave "A", and now the closest ones are 61.80 and 70.80. We're currently at 61.80 with low RSI (but not that low) and low MACD we may soon enter bullish wave "B" in that correction.
In a longer timeframe im quite bearish, and I think that GVT correction will reach 88%.
In my analysis I'm using Fibonacci Levels, Elliott Wave principles, Support and Resistance lines, Candle Patterns and formations, like Head and Shoulders or Triangles (latter more often than the former).
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