GRT - 4h. Sellers want to continue falling to $1.15The first wave of fall in the GRT market . We wrote about it in our previous idea:
Sellers managed to lower the price by 40% in 2 days and set a new local low of $1.3
The buyers managed to counterattack quite successfully. The critical point for continued growth is in the range of $2.13-2.26 .
From this range, a new wave of falling GRT prices may start. If buyers manage to keep $1.65 , they will have a chance to break the range of $2.13-2.26 and complete the correction in the GRT market. Otherwise, the price will continue to move within the white channel with the next target of $1.15
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Falling
BTC/USDT to fall to 50k, before receding a-Top 61k ATH.Shallow Idea for BTC/USDT, looking at potentially a 10% drop before a 27% uptick (from 50k)
As a forewarning, probably very obvious, I am new to trading/investing I'm mostly trying to get my feet wet... To make predictions with what little knowledge and resources i have and trying to add to the arsenal slowly but surly... thank you.
If you'd be so kind, please critique me.
Convergences and a significant retestADA is currently settling down after trending hard all day. ADA broke out of a relatively tight channel today and slightly over shot my price target of 1.049usd. Currently ADA is retesting the broad support area that it has been able to rubber band back into every time it has broke it as of late. This time however price has not rebounded with the same momentum. I expect a rebound if price can close hourly and higher above this area.
#Bitcoin : The King For A Correction To Build Its Empire.A possible scenario on Bitcoin's current correction bearish trend.
NOTES TO TAKE :
- Bitcoin is currently in a bearish sentimental trend with a formation of a bearish engulfing candle stick on the 1D chart. There is still a possibility that it is a bull trap unless we have a confirmation after the close of the current candle stick. The current support line is considered to be at around $51,700 and $52,000 and seems to be the #Bulls are losing it for a further correctional move towards the next support area of $47,000.
- Indications are also in favor of the #Bears for now which we might see a fall in the short run.
NEXT STOP : If #Bears can finish this run on their favor we are going to stop at around $46,500 - $47,000. Thethering seems to be the smart move now.
@TogetherWeAccumulate
NOWWhen the markets start slipping it's important to be able to play both sides. Sometimes, you find setups like this one where every technical looks overbought, and theres nothing stopping it from falling. At the same time, we're in a bull market, and although all the signs point down, stocks will go up. I'm taking puts on $NOW due to MACD and RSI curling downwards, an overall shift out of tech, and the imminent correction needed in this stock due to how overvalued it's been! There's also a gap to fill from 546 to 543, with an overall PT of 508 in the coming weeks. Good luck!