We will be conducting a macro analysis between the three competitors GTH, BAT, and GNT while analyzing their technical status and comparing all three together in the end.
GTH has been moving very slowly in the past weeks. This is still an exciting price action (PA) since the entire market has been either crashing or going up like crazy. Projects with no development left mostly cause crashes. GTH, on the other hand, still has a reliable team, a lot of action, and massive things going on in the background, which is a bullish divergence between the PA and FA. Looking at a technical indicator, such as the RSI, there is a clear uptrend to see, which once again creates a bullish divergence against the rather stale and slow PA. Should such divergence continue growing, the chances increase steadily of a powerful and remarkable breakout.
BAT has been moving very slowly and very disappointing lately. It had its chance to break out of the bullish structure, yet it failed to do so. Even after the failure, it broke below the key-area of support and is currently still consolidating below. There have been no spikes nor further price action, which would hint at anything bullish. Looking at technical indicators, one can identify a sell-condition on the MKAST Algorithm, which is entirely understandable because BAT does not show a lot of traction or bullishness. The MKAST Index is surprisingly moving above its ALMA and has been showing a strongly to the upside, giving a slight amount of hope to the traders and investors.
GNT has been moving impressively lately. It has broken below the key-area of support and has moved in a decisive move above it again. GNT has shown strength and is currently retracing a little from the local highs. Looking at the technical indicators, the strength is showing very clearly. The MKAST Algorithm shows a strong buy-condition, which is entirely understandable and could be a good sign for the freshly evolved bullishness. Nevertheless, the MKAST Index is relatively high at 13/15 points and could be indicating a small retrace soon
GTH has a good opportunity of a healthy and prosperous trade for the experienced trader. Following, GNT shows a strong bullishness and can become a top-performing asset very soon again, right after the recent retrace is done. Finally, BAT is still lagging behind the entire market and still has to show a strong move to the upside to regain bullishness.
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