Updated
Gridcoin ready to jump higher
GRC had a massive shoulder-head-shoulder on the charts, but it did not trigger a huge sell off. There was some sort of downward channel though, which has now been left on the upside (small green oval). GRC has been reasonable steady in recent BTC-turmoil. Still the old neckline forms serious resistance. The upperline of the old downward channel should now give support, keep your eye on GRC breaking the line (big green oval) this could trigger a nice rise!
Note
We have allready seen a nice upspike (profitable for short term traders), but if 'hodling' is more your thing: we are currently batteling the neckline, keep your eyes on a closingprice above it for a safe entrypoint!Note
We are still battling the neckline, RSI is rising though.. we could see a definate break soonNote
Currently a bit in 'no-man's-land'..Note
Still 'no-man's-land' more or less backtested the broken resistance.. propably find some support in current area
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.