GridCoin at Strong Support
Updated
GridCoin(GRC) is at a strong support, where it has increased a lot the previous times it has reached this point. It seems to stay inside the rectangle, with a range of almost 10x.
The thing that worries me is 1. The low volume & 2. That it has been at the support for a while, with not much action. The previous times, it would spike back up once it touched the support, but now the price has just flattened at the support.
This could lead to a slow decrease through the support, with the price breaking the pattern. I will post a weekly chart below to better see the full picture.
Wait for a volume&price increase before entering into a trade. I will update once I enter into a trade.
Sudden increases will happen mostly in highly optimistic bull runs, so once that happens, the coins I have posted will likely increase much more than the market as they are near supports, some are near the breakout of trendlines, near all time lows(cheap), and have had much higher prices(potential to increase).
The thing that worries me is 1. The low volume & 2. That it has been at the support for a while, with not much action. The previous times, it would spike back up once it touched the support, but now the price has just flattened at the support.
This could lead to a slow decrease through the support, with the price breaking the pattern. I will post a weekly chart below to better see the full picture.
Wait for a volume&price increase before entering into a trade. I will update once I enter into a trade.
Sudden increases will happen mostly in highly optimistic bull runs, so once that happens, the coins I have posted will likely increase much more than the market as they are near supports, some are near the breakout of trendlines, near all time lows(cheap), and have had much higher prices(potential to increase).
Note
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