Technical analysis by S2A9 about Symbol GT: Buy recommendation (4/28/2025)
https://sahmeto.com/message/3457653
S2A9
Analytical Power:
1.1
$GT Forms Bullish Wedge, Breakout to $23.082 in Sight
Buy
Price at Publish Time:
$22.45
Profit Target:
(+4.66%)$23.5
Stop Loss Price:
(-1.13%)$22.2

Analysis: GT at $22.44 is forming a bullish wedge on the 2-hour chart, with resistance at $23.082 (R2). The price is above the 50-period SMA ($22.20), and the ADX (27) indicates a strengthening trend. X posts note increased buying interest after GT broke 22.5 USDT on Gate.io. A breakout above $23.082 could target $23.50, aligning with WalletInvestor’s 14-day forecast of $23.709. Support at $22.214 (S1) provides a low-risk entry. Long positions are favored on a close above $23.082.Indicators: Bullish Wedge, 50-period SMA (~$22.20), ADX (27), Resistance ($23.082), Support ($22.214).
Source Message: TradingView