Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.7387).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GRTUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Possible Cup and Handle formation here.
Could take to the upper channel line.
Will we see a break out as posted in my previous idea?
NOT FINANCIAL ADVICE
GRT price is consolidating in a symmetrical triangle.
What's next?
BREAKOUT or BREAK DOWN?
Would likely fall to the below trend line if BTC falls and would then continue its break out.
NOT FINANCIAL ADVICE.
The Graph in 1H time frame forms a double top pattern with a neckline near 0.7000 ( support ) every time it break it's support it drops only till the trend line. If it breaks it's neckline we see a drop till the below trend-line and for the further continuation of the bearish it needs to break the trend-line.
The Graph in 4H time frame has a major support near 0.6100. And it is respecting the both below and above trend line. Breakout on either trendline can give a good move
Trading Signal:
A Trading Signal is seen in the GRTUSDT The Graph
Traders can open their Buy Trades NOW
previous signal:
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