Spotted an inverse head and shoulders on the RSI. MACD is about to make a bullish cross. GRTBTC is testing support along the 0.5 fib line. I at a minimum, I expect a 10% gain as GRTBTC retests the MA 50 which has been a difficult line of resistance in the past. If GRTBTC does not hold above the 0.5 fib level, I will expect more movement to the downside as it tests the lower fib levels for support.
Happy trading!!:)
Happy trading!!:)
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GRT broke below the 0.5 fib level, and I am watching GRT very closely to see if it retests 0.5 and can break above or gets rejected. If it is rejected again I will expect more movement to the down side.
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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.