So many bullish indicators. Explained.
Updated
Lots of things happening in on the daily chart.
1.Triangle breakout
The chart shows a clear breakout out of the traingle and the price moved as with most breakouts.
Breakout, followed by a dip towards the top of the triangle (not completely but still at 0.88 hit) before the (hopefully) big blow to the upside.
2.Resistance/Support flip.
It broke out above the 1.05 resistance. Hopefully it confirms it as a new support before continuing the run up.
3. Cup and Handle
The same resistance line at 1.05 is the top of the cup and handle. Starting at 19/05/2021, finishing the cup at 21/08/2021 and finishing the handle at 26/10/2021. It already broke out above. Very bullish.
4. Daily 50MA and 200MA about to cross
These daily moving averages are about to cross at ~0.85. The 200MA passing 50MA is golden.
So, lots of indicators are yelling moon time.
What am I gonna do with this info?
I bought some more GRT just now and i'll be buying more if it dips to 1.05 and 0.85.
Good luck traders.
1.Triangle breakout
The chart shows a clear breakout out of the traingle and the price moved as with most breakouts.
Breakout, followed by a dip towards the top of the triangle (not completely but still at 0.88 hit) before the (hopefully) big blow to the upside.
2.Resistance/Support flip.
It broke out above the 1.05 resistance. Hopefully it confirms it as a new support before continuing the run up.
3. Cup and Handle
The same resistance line at 1.05 is the top of the cup and handle. Starting at 19/05/2021, finishing the cup at 21/08/2021 and finishing the handle at 26/10/2021. It already broke out above. Very bullish.
4. Daily 50MA and 200MA about to cross
These daily moving averages are about to cross at ~0.85. The 200MA passing 50MA is golden.
So, lots of indicators are yelling moon time.
What am I gonna do with this info?
I bought some more GRT just now and i'll be buying more if it dips to 1.05 and 0.85.
Good luck traders.
Trade closed manually
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