Alikze »» GRT | Ascending channel - 8H

Oct 22

🔍 Technical analysis: Ascending channel - 8H

- In the analysis presented in the weekly time frame, it was mentioned that an AB=CD pattern has been formed.



- It is moving in an ascending channel in the 8-hour time frame.

💎 In the OB area, it can face the demand again by creating demand and liquidity hunt at the bottom of the channel and continue its growth up to the top of the channel.

- Then I expect it to continue its growth to the supply area to form the third wave or wave C.

⚠️In addition, if the correction extends to the Invalidation LVL range, the bullish scenario in the 8-hour time frame is invalidated and must be reviewed and updated again.⚠️
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GRTUSDT

Nov 10

Trade active

It has had a zigzag correction, which has not entered the Invalidation LVL zone and is in the direction of movement, and the price direction is moving towards touching the target.

Nov 16

Note

According to the movement path, after meeting the supply zone, a zigzag can be seen, which is faced with an increase in demand and volume in the channel bottom zone, so we should wait for a break in the supply zone for the next target.

Dec 7

Trade closed: target reached

In line with the trend, with more than 120% growth, the target of the supply area was touched.
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