Should be a good buy signal here but the way the market is acting today makes me cautious but I'm keeping the hope alive! Lets bounce! ..........
This is only my speculative idea of what GRT will do and is not meant to be considered as advice on your trades. As many are expecting a breakout from this pattern, I'm staying optimistic as BTC could take this down if and when it corrects from current high. This is what I'm expecting so I'll be looking for GRT to drop to our next support of 1.72 for a minor pop...
Fairly new chart from FTX but this coin has deep history. There are a few fundamental reasons I'm bullish on this crypto so I'm highly interested in this chart. As this chart grows I'll be posting more on the technical analysis . 1. SEC case. It's safe to say this project got over a huge hurdle considering they are still operating after paying heavy fines. Some...
-Next Estimated Target zone is $15,800 to $16.500 for quick profits considering we drop. -Volume gap showing with moving averages signaling a buy soon as the 55 day MA is on top. -We also have past support in this area that should hold. - Estimating Stochastic and regular RSI to turn down as price action approaches the zone. - Descending triangle formation...
To keep it simple, lets not forget about the 50% dump of the entire pump which is also a very high valued area. This is where the big money awaits. Good Luck.