2026-01-18 18:20:57

GPS has recently exhibited a classic "N" pattern on the daily chart. After hitting the bottom, the price showed a retest confirmation, followed by a strong rebound and reversal, with main capital clearly refusing to decline sharply. The appearance of that large bullish candle marks the end of the consolidation phase.

From a technical perspective, the conditions for the second wave of rally are gradually being met. The next key level is the previous high at 0.008036. Once this resistance is broken, it is very likely to trigger a new round of upward momentum. At this point, the entry risk is relatively controllable, but close attention must be paid to whether the trading volume can effectively cooperate and whether the key support level can be maintained.

The short-term trend is relatively fast-paced. If you are interested in the technical characteristics of this kind of reversal pattern, you can focus on observing the performance of the next few candlesticks.

GPS-4,77%

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MEVEye

· 6h ago

I've seen too many N-shaped patterns, I'm just worried it might be another false move. Can 0.008036 really break through this barrier? Is the trading volume strong enough? Is the main force refusing to let it fall? Hmm, let's see what the next few K-lines show.

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CodeZeroBasis

· 6h ago

The N-shaped pattern is indeed iconic; let's see if 0.008036 can break through. The main force's washout tactic this time is decent, with a strong rebound. If the volume matches well, it could be interesting. Wait and watch the trading volume; the concern is that it might suddenly shrink during a break below the level.

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HallucinationGrower

· 7h ago

The rebound looks good, just worried that the volume can't keep up. Let's see if it can break 0.008036, once broken, it'll be great. Every time there's an N-shaped pattern, people say the same, but what about the result? Is the main force shaking out the traders? I don't believe it, probably just trapping more people. If it can't break the resistance level, go all in directly; without some courage, what’s the point of trading coins?

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SatoshiSherpa

· 7h ago

GPS's rebound this time is indeed interesting, and the main funds' attitude is quite firm. It all depends on whether it can hold above 0.008036; only a break below would mean no hope. --- The shakeout has already happened; now it depends on whether the trading volume can support it. If the volume can't keep up, a rebound is pointless. --- N-shaped pattern, I've seen too many that fail halfway. Let's wait until a break occurs; no need to rush. --- A large bullish candle is good, but a second wave of rally requires sustainability. A single candlestick doesn't tell the whole story. --- Is risk controllable? Ha, the crypto market's risk is always controllable; the real issue is whether your mindset can stay in control. --- The key resistance level is 0.008036; whether it breaks or not is the dividing line. I feel there will be many points of interest next week. --- Rebound plus shakeout completed, I've heard this routine too many times. Only those that can actually succeed are truly successful. --- Closely watch the support level? To put it simply, it still depends on whether the main funds are truly bullish. Without capital support, any talk of support is useless.

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MiningDisasterSurvivor

· 7h ago

I've experienced this "classic pattern" myself. In 2018, those big influencers also said the same thing. And what happened? A single large bullish candle was enough to claim the correction was over, and that the main funds "refused to decline"? Laughable. Don't cry until it breaks below 0.008036.

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DegenRecoveryGroup

· 7h ago

The N-shaped pattern is quite interesting this time. Once the big bullish candle appears, the main force's intentions are exposed. Breaking through 0.008036 is the real test; otherwise, it's all just a bluff. If the trading volume can't keep up, avoid touching it. During such times, it's often the easiest to get cut.

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VirtualRichDream

· 7h ago

I'm very familiar with the N-shaped pattern, just wondering if it can really break through 0.008036, otherwise it's just a shakeout. Wait, does the trading volume match? That's the most critical part. The main force's quick rebound is indeed fierce; holding the support is the key. Only when breaking through the resistance level will I dare to buy in; for now, I'm still observing. This rebound is a bit interesting; the key is whether the volume will follow or not.

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