#GRC (#GRIDCOIN) Trading below the monthly levelIt tried to test the monthly level back in September 17th 2018 and it was rejected creating new lows and more weekly levels. It seems that the last clear monthly level is around 366 satoshis and the newly created levels that have been formed for weekly moves are 230 satoshis, 179 satoshis and then 107 satoshis.
#GRC it is currently trading at 69 satoshis and its like 5 times less than its last monthly level. It should try to gain those newly created levels and hopefully pass the monthly level to be a confirm recovery.
Grcbitcoin
A trading opportunity to buy in GRCBTCTechnical analysis:
. Gridcoin/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000341 to 0.00000237). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000341)
Ending of entry zone (0.00000237)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000415
TP2= @ 0.00000480
TP3= @ 0.0000059
TP4= @ 0.0000066
TP5= @ 0.0000077
TP6= @ 0.0000090
TP7= @ 0.0000105
TP8= @ 0.0000119
TP9= @ 0.0000139
TP10= @ 0.0000189
TP11= Free
A trading opportunity to buy in GRCBTCTechnical analysis:
. Gridcoin/Bitcoin is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 32.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00000341 to 0.00000237). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.00000341)
Ending of entry zone (0.00000237)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.00000415
TP2= @ 0.00000480
TP3= @ 0.0000059
TP4= @ 0.0000066
TP5= @ 0.0000077
TP6= @ 0.0000090
TP7= @ 0.0000105
TP8= @ 0.0000119
TP9= @ 0.0000139
TP10= @ 0.0000189
TP11= Free
GRC Coin Long. 16-6-18Just noticed this coin looking through charts. If you are holding BTC it is probably a safe place to put some. It looks like it is starting to make a move. Up 7% or so today. The GRC coin can be played on Poloniex and Bittrex, not playing myself as I am not on them sites for now but just posting to see if I am correct.
The thing with this is the volume is tiny, something like 5BTC in total. If this moved just 50pts to 500 people would notice that % change and just a few more BTC could get it going. Its worth a go if you are holding BTC on either of these sites, use a SL just under where it has broken out for and keep an eye on its volume. It could go right up to the VWAP which is around 1200.
Would make a nice buy area, let the rsi etc reset.
Just to show the target zoomed out a bit, you could probably play this up as waves happen. Take profits on spikes and buy back on 0.5-0.7 fib pullbacks.
As you can see on the daily chart, it has hit a bottom as has happens 2 times before, each time with a big spike following. Last one took 30 days to make a 100%+ move.
A trading opportunity to buy in GridCoin ...Technical analysis:
. GRIDCOIN/BITCOIN is in a range bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000047 to 0.0000037). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000047)
Ending of entry zone (0.0000037)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000059
TP2= @ 0.0000066
TP3= @ 0.0000077
TP4= @ 0.0000090
TP5= @ 0.0000105
TP6= @ 0.0000119
TP7= @ 0.0000139
TP8= @ 0.0000189
TP9= @ 0.0000387
TP10= Free
A trading opportunity to buy in GridCoin ...Technical analysis:
. GRIDCOIN/BITCOIN is in a range bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Trading suggestion:
. The price is in a range bound, but we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support zone (0.0000047 to 0.0000037). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.0000047)
Ending of entry zone (0.0000037)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.0000059
TP2= @ 0.0000066
TP3= @ 0.0000077
TP4= @ 0.0000090
TP5= @ 0.0000105
TP6= @ 0.0000119
TP7= @ 0.0000139
TP8= @ 0.0000189
TP9= @ 0.0000387
TP10= Free
