🔥 GRT Triangle: Break Out Soon?
Around a month ago I made an analysis on GRT. Here I argued that GRT was trading inside a triangle and was likely to follow this triangle for the coming weeks.
As it appears now, GRT is nearing the outer point of the triangle. Statistically, a break out should happen soon and come with some decent volatility.
Since the current state of the market is dominantly bullish, I'm expecting a bullish break out. Be aware that the price could very well follow the triangle pattern for another week or so.
First target is around the $1 mark. After hitting this target, I'm expecting a retrace towards the upper resistance of the triangle to confirm it as support. Second long-term target at $1.7.
Happy trading!
As it appears now, GRT is nearing the outer point of the triangle. Statistically, a break out should happen soon and come with some decent volatility.
Since the current state of the market is dominantly bullish, I'm expecting a bullish break out. Be aware that the price could very well follow the triangle pattern for another week or so.
First target is around the $1 mark. After hitting this target, I'm expecting a retrace towards the upper resistance of the triangle to confirm it as support. Second long-term target at $1.7.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.