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/USD


(Click the image for higher resolution)


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/USDT

(Click the image for higher resolution)


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/USD

(Click the image for higher resolution)

 

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

 

Conclusion

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.


DISCLAIMER

The content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on our Site constitutes a solicitation, recommendation, endorsement, or offer by Upblock or any third party service provider to buy or sell any cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on). Trading and investing in cryptocurrencies (also called digital or virtual currencies, crypto assets, altcoins and so on) carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrencies, you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading and seek advice from an independent financial advisor. ICO's, IEO's, STO's and any other form of offering will not guarantee a return on your investment.

Any opinions, news, research, analyses, prices, or additional information contained on this website is provided as general market commentary and does not constitute investment advice. Upblock will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. All opinions expressed on this Site are owned by the respective writer and should never be considered as advice in any form.