GRT/USD Possible play for the coming wee
As GRT continues trading with a high-volume on exchanges it is still a trader's favorite in this month. We are currently retracing from the bounce from .32 to .49. This could be the beginning of a new trend upwards.
The current retracement from .49 to .39ish has created a possible bull flag. If this is true we should be testing the highs of .49/.50 again.
The resistance at .50 is pretty strong, I see us hitting it within the next few days or so and then retracing back to .45 before making our way into .50s -- .60s levels.
All this depends if the bull flag at .38 - .40 is true.
We should have an answer within the next 24h-48h.
The current retracement from .49 to .39ish has created a possible bull flag. If this is true we should be testing the highs of .49/.50 again.
The resistance at .50 is pretty strong, I see us hitting it within the next few days or so and then retracing back to .45 before making our way into .50s -- .60s levels.
All this depends if the bull flag at .38 - .40 is true.
We should have an answer within the next 24h-48h.
Note
Another reason to be bullish on this set up is that BTC is still sitting on a high 70%+ market dominance. I believe we should see some of that volume spread out to alts sometime this coming week(s).
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.