$GRT - Accumulation/ Possible Inverse H & S Pattern forming.
Hello Traders,
Take a moment to look at GRT.
#TheGraph has been n a sideways motion for some time now and has been accumulating.
You can see within the accumulation channel that the price action has started to narrow and the pressure seems to be tightening the up/ down movements to less volatility.
If the price can continue to form the inverse Head and shoulders, we could see a break above the local resistance at the top of the accumulation box.
Tomorrow will give us a great indication of what the rest of the week should look like.
Either way, I do think GRT is a ticking time bomb and we will see a nice up tick from now until the end of May.
Good luck!
Take a moment to look at GRT.
#TheGraph has been n a sideways motion for some time now and has been accumulating.
You can see within the accumulation channel that the price action has started to narrow and the pressure seems to be tightening the up/ down movements to less volatility.
If the price can continue to form the inverse Head and shoulders, we could see a break above the local resistance at the top of the accumulation box.
Tomorrow will give us a great indication of what the rest of the week should look like.
Either way, I do think GRT is a ticking time bomb and we will see a nice up tick from now until the end of May.
Good luck!
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.