GRS-BTC
Greetings.
GRS coin has good trading volume, traded on many exchanges including binance.
Let's start by looking at the weekly chart, the main trend is downtrending.
The price has formed a descending channel, at the moment the price has broken through and consolidated inside the channel above its lower boundary.
On the daily chart we can see that since last summer the price was falling and formed a falling wedge, after which there was a 300% spike on which we managed to make some profit.
At the moment the instrument as well as many altcoins has formed a concave bottom, the price is moving in a local uptrend, to remove the noise from long candlestick tails, let's switch to a line chart.
With high probability we can expect the price to move to the upper boundary of the descending channel about 40%.
But the most interesting scenario is when the price breaks and stays above the trend channel >2,000 satos, and in this case the price may continue its upward movement, level targets. This pumping can be a news release scheduled for March 22, depending on the scale of the news will be the pumping scale, as you know, waiting for the news, many tools grow, well, and with their withdrawal time to close the position.
P.S. in no way did not take away this instrument by the news, it turned out at the time of writing this idea.
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe, so as not to miss anything.
GRS coin has good trading volume, traded on many exchanges including binance.
Let's start by looking at the weekly chart, the main trend is downtrending.
The price has formed a descending channel, at the moment the price has broken through and consolidated inside the channel above its lower boundary.
On the daily chart we can see that since last summer the price was falling and formed a falling wedge, after which there was a 300% spike on which we managed to make some profit.
At the moment the instrument as well as many altcoins has formed a concave bottom, the price is moving in a local uptrend, to remove the noise from long candlestick tails, let's switch to a line chart.
With high probability we can expect the price to move to the upper boundary of the descending channel about 40%.
But the most interesting scenario is when the price breaks and stays above the trend channel >2,000 satos, and in this case the price may continue its upward movement, level targets. This pumping can be a news release scheduled for March 22, depending on the scale of the news will be the pumping scale, as you know, waiting for the news, many tools grow, well, and with their withdrawal time to close the position.
P.S. in no way did not take away this instrument by the news, it turned out at the time of writing this idea.
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
If you found this information useful, please like it and subscribe, so as not to miss anything.
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