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GIFTO (GTO) Channeling Within Parallel Lines by haejin

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gifto · @haejin ·
$59.36
GIFTO (GTO) Channeling Within Parallel Lines
<center>![](https://steemitimages.com/DQmf5i45SGJccjYLWdc8q8KNzXgL2mfG6f2z1jc7U9xpQnn/image.png)</center>
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**SUMMARY**

GIFTO (GTO/USD) is moving well within the boundaries of a parallel line and has been since late December. Since then, it has had two cycles of vertical rises to the upper trend line, each followed by a lengthy and deep retracement. While the sideways action of the couple weeks is most likely consolidation, the lower support line needs to hold against any decisive downward breach.

![](https://steemitimages.com/DQmPuuuRN9ezgZzE2pGh2Z8zdDEjsdf4abtorgyCyfsRtXq/image.png)

The details of the subwaves shown that IF the ABC correction of current wedge profile is correct, then the blue wxyxz sideways action is likely to complete. Let's see how the bottoming plays out over the next day or so. Again, if price breaches the lower support line, we have a different scenario.
![](https://steemitimages.com/DQmVYwLjPY23aRDqPx9nRT7hqxDpAwL8U8FcCWF6ssQYHMT/image.png)




**Legal Disclaimer**: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes. </center>


Please consider reviewing these Tutorials on:
[Elliott Wave Counting Tutorial #1](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-1-by-haejin)
[Elliott Wave Counting Tutorial #2](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-video-2-zig-zag-and-flat-corrections-how-to-recognize-and-label-corrective-waves)
[Elliott Wave Counting Tutorial #3](https://steemit.com/bitcoin/@haejin/elliott-wave-tutorial-iii-how-to-label-and-apply-triangle-price-corrections)
[Laddering](https://steemit.com/bitcoin/@haejin/an-effective-buying-and-selling-strategy-laddering-a-tutorial-on-to-cast-a-ladder) and [Buy/Sell Setups](https://steemit.com/bitcoin/@haejin/when-to-buy-and-sell-using-elliott-waves-a-tutorial). 
[Laddering Example with EOS](https://steemit.com/bitcoin/@haejin/eos-target-usd3-22-analysis-update-live-real-time-laddering-example-you-don-t-want-to-miss-this)
[Tutorial on the use of Fibonacci & Elliott Waves](https://steemit.com/bitcoin/@haejin/tutorial-on-the-use-of-fibonacci-ratio-and-elliott-waves)
[@haejin's Trading Nuggets](https://steemit.com/bitcoin/@haejin/haejin-s-trading-nuggets-all-learned-through-tonnages-of-failure-experiences)
[Essay: Is Technical Analysis a Quantum Event?](https://steemit.com/bitcoin/@haejin/essay-is-technical-analysis-a-quantum-event)

Follow me on [Twitter](https://twitter.com/Haejin_Crypto) for Real Time Alerts!!
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<center>https://steemitimages.com/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV/DQmWpisRXDF56mV3DgzzPUxb3R2ozseR48YVr2YKtwtrBcV.gif



<center>https://steemitimages.com/0x0/https://s1.postimg.org/231h83mh7z/U5drx_NFe_Q4_Nn_YGEb9rq2_V47_X6_Yk_AQsm.gif</center>
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vote details (298)
@abaz · 
I wasn't pretty much aware of this stuff... Thanks for the enlightenment.... Gifto here I come
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@thabiggdogg · 
No one cares about the shitcoins @Haejin promotes. You are better off putting your money into bitcoin & forget about Haejin's TA Charts. Check out @TruthTrader. Haejin is a FRAUD.
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@bitgeek ·
comment
Congratulations @haejin, this post is the seventh most rewarded post (based on pending payouts) in the last 12 hours written by a Superhero or Legend account holder (accounts hold greater than 100 Mega Vests). The total number of posts by Superhero and Legend account holders during this period was 44 and the total pending payments to posts in these categories was $2259.10. To see the full list of highest paid posts across all accounts categories, [click here](www.steemit.com/steemit/@bitgeek/payout-stats-report-for-30th-march-2018--part-ii). 

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@cryptoprofessor · 
I had never heard of Gifto until today. Thanks for the heads up, i'm gonna keep an eye on this one. It's so easy to get carried away with the coins that are already in the lime light when there's far more potential in other coins.
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@paolarosales · 
:)
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@statsmonkey ·
comment
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @ranchorelaxo valued at 111.65 SBD, based on the pending payout at the time the data was extracted.

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@thabiggdogg · 
![HaejinPost5.png](https://steemitimages.com/DQmRF8M5Vjdd6JjuWD1QQuXGSzrGw9E1iLFf3QVTqtQcF1y/HaejinPost5.png)
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