The Graph (GRT) / BTC - Bullish divergence

On the above 1-day chart price action has corrected 60% since mid-February resulting in an oversold condition (orange column). Regular bullish divergence is now visible between lower lows in price action and higher highs with Stochastic RSI + Money Flow index (MFI).

Furthermore more price action has landed on past resistance as support, look left. Together with the divergence this is a great signal of a probable upside move with little downside risk.

Is it possible price action continues to fall? Sure.

Is it probable? Unlikely.

1st target 5000 sats. Good luck!

WW

Trade active

Trade active:

Bullish divergence with bullish engulfing candles.

Trade active:

Price action breaks out of resistance