GRT/USDT is need breakout the resistance to continue upward!
💎 Paradisers, the recent market dynamics surrounding #GRT have been noteworthy.
💎 GRT is demonstrating significant bouncing from the support area around $0.22, coinciding with a golden cross on the MACD indicator, signaling bullish momentum for the price.
💎 Currently, the price is facing resistance at the $0.33 area, which aligns with both a horizontal resistance level and the resistance trendline of a descending channel.
💎 For GRT to continue its upward movement, it needs to successfully break out above the resistance level and the pattern. A breakout above $0.33 would not only indicate a bullish reversal but also pave the way for further upward movement, potentially backtesting the supply zone area.
💎 However, if GRT fails to break out above the resistance area and experiences a bearish rejection, it may retreat to the support area to gather new momentum for another attempt at breaking out.
💎 Upon revisiting the support area, there's potential for a bounce, but if GRT fails to bounce and breaks down below the support zone, the next likely destination is the demand area around $0.185. Here, a successful reclaiming of price above the support could lead to a significant upward movement.
💎 Conversely, if GRT fails to find support at the demand zone and breaks down below it, it would invalidate the bullish scenario, signaling further downward movement.
MyCryptoParadise
iFeel the success🌴
💎 GRT is demonstrating significant bouncing from the support area around $0.22, coinciding with a golden cross on the MACD indicator, signaling bullish momentum for the price.
💎 Currently, the price is facing resistance at the $0.33 area, which aligns with both a horizontal resistance level and the resistance trendline of a descending channel.
💎 For GRT to continue its upward movement, it needs to successfully break out above the resistance level and the pattern. A breakout above $0.33 would not only indicate a bullish reversal but also pave the way for further upward movement, potentially backtesting the supply zone area.
💎 However, if GRT fails to break out above the resistance area and experiences a bearish rejection, it may retreat to the support area to gather new momentum for another attempt at breaking out.
💎 Upon revisiting the support area, there's potential for a bounce, but if GRT fails to bounce and breaks down below the support zone, the next likely destination is the demand area around $0.185. Here, a successful reclaiming of price above the support could lead to a significant upward movement.
💎 Conversely, if GRT fails to find support at the demand zone and breaks down below it, it would invalidate the bullish scenario, signaling further downward movement.
MyCryptoParadise
iFeel the success🌴
Do you Want to start trading like a PRO?
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
Follow a team of traders with 10+ years of experience?
JOIN FREE👉 t.me/+IaNzEzXsdiBlNDg0
🎖️Or Fully Upgrade Your Trading With Clean strategy, and PRO Crypto Signals 👉 shorturl.at/ikpAV
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.