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Groestlcoin

GRS (Groestlcoin) | Fundamentals, price model, etc Launched on 22 March 2014 with a focus on technological advancement, Groestlcoin (GRS) is SEGWIT, TAPROOT and Lightning Network ready. Groestlcoin has been in constant active development, providing development updates and enhancements every 3 months for 8 years. It is the first coin that activated SEGWIT (January 2017) and TAPROOT (The last update was released on March 8, 2022) Groestlcoin's final supply is limited to 115 million coins from which around 80 million coins currently in circulation and only 15 million coins left. If you're familiar with the concept of scarcity, you know why it's important. Once something becomes scarce enough, it becomes precious and can be used as money. The market cap of Groestlcoin is around $57 million, while the capitalization of the entire crypto market exceeds $2 trillion. Therefore, it can grow significantly by attracting a small portion of this capital. Technical Analysis Take a look at the chart. Right after Bitcoin's third halving (July 2016), we have a falling wedge pattern on the chart. This consolidation pattern was actually an accumulation zone. As you can see, the 2017 Bull Run started right after the pattern completed. Each complete bitcoin cycle (Duration between two halving events) takes about 4 years. Now, about 4 years after the last bitcoin halving, we are again seeing a consolidation pattern formed on the chart. Now the triangle pattern is completed and the price is about to break out. So, this could be the beginning of a bull run. << However, always remember that past results are no guarantee of future performance >> Price Model Well, maybe a bull run is coming, but where can the targets be? I use a price model to determine the range of price movements. Bitcoin is the leader and in the crypto world everything follows it. I used linear regression to determine the relationship between the GRS price data and Bitcoin's stock-to-flow ratio. I have plotted the model price (black) over time on the chart. To estimate the range of price movements, I used a set of trendlines plotted one or two standard deviations (positively and negatively) away from the model. For more information on price models, see my article titled Ripple (XRP) Model Price via the link below the post. Terms What is segwit? Segwit stands for "segregated witness" and is a technique that reduces transaction fees. What is the taproot? Taproot is a modified advanced form of MAST that allows participants to aggregate their signatures and spend from a multi-sig just like a normal transaction together. What is lightning network? The Lightning Network is a second layer added to the blockchain that enables off-chain transactions, i.e. transactions between parties not part of the blockchain network. What is Bitcoin Stock-to-flow? The 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock.
GLong
by BobRivera990
[GRS] Bullish short term once again!Hi everyone. After two successful recent trades on GRS, it looks like we can already go for the third wave in the next couple of days and make some gains again. GRS has been considered a "sleeping giant" for a while by many people. Why I'm very bullish on GRS despite the very low volume: - Clear pennant triangle forming on 4h timeframe - We're reaching the end of a descending channel which means there is a high chance of bullish breakout - MACD is slooowly showing some signs of reversal (need the cross for confirmation though) - RSI is clearly showing a little divergence after being in the 30ish area for a while. - GRS always breaks in style with massive pumps - Fibonacci levels are on the chart. I expect it to touch 0.786. - Major release to be out in less than two weeks - And last but not least.. One of the rare coins that have not exploded yet on Binance during these insane times. For some reasons this coin seems to be unknown to most people but there is always a huge fomo during pumps This is still a risky trade as volume is extremely low. This is not an investment advice, I'm just sharing my thoughts about this coin. Good luck everyone, what are your thoughts on GRS? Let me know :)
GLong
by cryptologyy
[GRSBTC] Absolutely bullish SHORT termHi everyone! What a nice configuration. RSI is absolutely bullish MACD is almost crossing, need to wait for confirmation. We've been on a nice descending channel after last time's pump Bollinger's band show a movement that will happen very soon. Volume is still very low for the moment so risky trade. If it breaks by the top, enjoy the ride. Definetely bullish on GRS for the next few hours-days-weeks. This is not an investment advice, always do your own research. Good luck!
GLong
by cryptologyy
4
[GRS] Looks bullish for long term! 300%GRS is one of the rare coins that haven't exploded yet on Binance in the previous months (except December pump and dump). If we look at the chart, we can see a bullish divergence on MACD and a growing RSI. Bollinger bands are showing a movement that will happen soon (weekly timeframe). 300% seems to be a reasonable (yet awesome) target as there is absolutely no huge resistance before 0.382 fib area. This is not an investment advice, just sharing my thoughts. Good luck everyone!
GLong
by cryptologyy
3
✳️Groestlcoin/BTC (14-10) #GRS $GRS #GRSBTC1450-1550sts is the start point of previous rally and now it has went back to this zone so it is really worthy to buy in again. GRS is also forming a falling wedge pattern and its target should be the upper edge, and it should be 2000sts. If GRS breaks the upper edge of the falling wedge, it will be easy to hit the 2400sts. We will get out if GRS dump under 1400sts and wait for a clearer scenario! Private Idea (Published in 8-10)
GLong
by CryptoStation
1
GRS / BTC TIME TO SHOW SOME ACTION AND +1600% ProfitBINANCE:GRSBTC has been consolidating for a very long time. Touched All-Time support and bounced fast. Usually this kind of reaction means that it might not go down lower. Buying near 0.618 Fibonacci Line will be a safe investment with a stoplos below the RED horizontal line. Risk: 5 Reward: 7 Will GroestlCoin break out of consolidation? Lets see! What are your thought on this coin? Very interesting to read your opinion. Peace
GLong
by Crypto_Burns
3
Groestlcoin (GRS) A Big Pump AheadHi friends hope you are doing well. In this article I want to show you my technical analysis on Groestlcoin to understand how it has completed the setup for very big bullish move. The major spike: If we watch on the weekly chart then GRS was moving in a down channel. And on the candlestick that was started on the 4th May 2020 it was trying to break down the support. But soon in the second week of May 2020 it started the bullish rally up to more than 80% from the lowest point up to the highest point. All indicators gave clear bullish signals before the rally: Before the bullish rally almost all indicators gave very obviously signals. For example I have used the combination of five indicators to determine the bullish rally. Then it can be easily observed that on 8th May the moving average convergence divergence (MACD) indicator started turning bullish and the stochastic gave bull cross from oversold zone. Then on 12th May the momentum was started changing from bearish to bullish and finally we received a bullish signal by the directional movement indicator as well because the positive directional indicator (+DI) crossed up the negative directional indicator on 22nd May and then we have witnessed a powerful upward move. The SMAs are turning bullish: If we place the simple moving averages with the time period of 25, 50, 100 and 200. Then it can be easily observed that after the strong bullish rally the price action has crossed up all the moving averages. At this time the price action of GRS is crossing up the 200 simple moving average. This time the smallest time period moving average 25 is crossing the 50 simple moving average and the biggest time period moving average with the time period of 200 is above all other moving averages. Once the smallest moving average will be moved above all other moving averages and the biggest time period moving average will be moved below all the other moving averages then a complete opened alligator mouth can be formed by the SMAs that can trigger more powerful bullish move. And before the alligator’s mouth formation we can observe another bullish move when the 50 simple moving average will be crossing up the 200 SMA. Because this golden cross is considered as a powerful buying signal among the traders community and this bull cross between the two moving averages will be a big invitation to the traders to buy GRS. Harmonic moves with continuation: Now let’s move to my favorite part of the analyses and that is the harmonic moves by the price action of GRS. If we switch to the long-term weekly chart then it can be easily seen that the price action is continuously forming different harmonic patterns and all these patterns are bearish. For example 1st the price action formed a bearish Shark pattern and for the completion of final leg it produced more than 1700% bullish rally. Then price action started the formation of bearish Butterfly pattern and while completing the final leg of this butterfly the price action produced more than 600% rally. At this time the price action is forming another bearish Shark pattern. The formation of this pattern was started from the candlestick that was started on 23rd April 2018. And after the completion of initial leg the price action retraced up to 0.618 Fibonacci level. And this was the first confirmation of bearish Shark. Then B to C leg is projected between 1.13 upto 1.618 Fibonacci projection and this is the second confirmation of Shark. You can observe that on the chart I have placed the pattern up to 1.618 Fib level, but this level is in negative zone therefore it will be not possible for the priceline to enter in the negative zone. I have just placed the pattern up to this level only for educational purpose to show you the perfection of this pattern. However the priceline has found a strong support at 0.00001751 sats. Therefore the potential can be up to this level. Now as per Fibonacci sequence of bearish Shark. The priceline should move between 0.886 up to 1.13 Fibonacci retracement level. And once this leg will be completed then in it can produce up to 1650% big bullish rally. However as per Fibonacci sequence of bearish Shark I have also defined some secure targets as well. The complete buying and sell targets as per Fibonacci sequence are as below: Buy between: 0.00003480 to 0.00001751 sats Secure sell target zone: 0.00008636 to 0.0001591 sats Aggressive target sell zone (Upto the completion of shark's leg) 0.0002541 to 0.0003096 sats Conclusion: As previous history of GRS it is very easy for the price action to complete the formation of another harmonic pattern and that is almost formed. However it is not confirmed that this strong bullish move will be started before the testnet release that is announced by the GRS team.
Long
by moon333
1