The Graph (GRT) / BTC - Bullish divergence

By without_worries
Updated
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.

snapshot
Trade active
Price action breaks out of resistance


snapshot
OscillatorsSupport and Resistance
without_worries
BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

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Allow 3-6 months on ideas. Not investment advice. DYOR

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