GRT made a nice top at nearly $0.8 and now we are approaching the end of the corrective move (a nice -60%) if the falling wedge is confirmed (bullish signal).
The ABC corrective pattern seems to be completed as well and this means we should expect a pump and we can explore long opportunities.
Aim to long as soon as we break diagonal resistance with volume. Target is $0.5 cents.
Should a long opportunity not materialize or the broader market tanks for some reason, then GRT may fall lower at $0.20 cents. A break of support at $0.29 cents will also push us lower, so that support line must not fall if you are bullish and may provide a nice short opportunity, but be careful of fake outs.
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The ABC corrective pattern seems to be completed as well and this means we should expect a pump and we can explore long opportunities.
Aim to long as soon as we break diagonal resistance with volume. Target is $0.5 cents.
Should a long opportunity not materialize or the broader market tanks for some reason, then GRT may fall lower at $0.20 cents. A break of support at $0.29 cents will also push us lower, so that support line must not fall if you are bullish and may provide a nice short opportunity, but be careful of fake outs.
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📣 Find more Alpha by joining Your Crypto Community:
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
🔹 Over 10,000 members!
🔹 Real trades & wins explained
🔹 Trading ideas, crypto trends & alpha
Likes and follows appreciated! 🚀
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.