We successfully retested and bounced off of the weekly Gaussian channel. Looks like the next major resistance is around 36 dollars. Will likely hit it in July. If we break it, next stop is near all tike highs!
I was always of the mind set that trend lines were almost random, but the more I’ve learned about chart patterns they are very useful.
I’ve had this descending edge pattern for a few weeks now. We broke the pattern and now have retested it perfectly!
Flushed out sellers, resetting the RSI and it will go up to the Next resistance around .63 cents after a few...
On the weekly timeframe this has the best setup of almost any coin I’ve seen. Money flow and VWAP currently on a downtrend, but when it hits support in the next few weeks it will 2x very quickly. When the money flow flips to green it will do another 2x. Not finance advice.
If we reject off of all time highs we will form a MASSIVE cup and handle. The target will be 250k. This also lines up nicely with the all time trend lines! Not hopium just analysis and confluence.
Hey all,
Full disclosure, I am invested in GRT.
I expect GRT to do well in the bull market but it currently seems to be stuck at .30 resistance.
Im not an expert at bull pennants but it does seem to be forming that pattern. The pattern seems to have a target of around .48, which lines up close to the next resistance lines.
Is anyone else more familiar with...
Currently we have a break to the downside in the long term upward trending wedge on the total crypto market cap. As everyone knows, Over the past year we have had a downward trending wedge during the bear market.
I believe we will have a bounce at the current level as we find some support. We will then have massive resistance at 1.2T as we attempt to break...
