GRT- ELLIOT WAVE THEORY WAVE-2 COMPLETEDhrllo friends
today i share GRT day chart analyisis wave - 2 completed as soon as possible wave - 3 started when the breaks above the resistance level
now grt nearly in support zone it will break go to the next support level in 0.10 $ this month btc breaks 32k grt go to the next level of 0.3 $
guys if anything wrong please comment below it will help full for further process.
thanks
GRTUSDT trade ideas
GRT has cascade support to the shortThe coin has formed a descending structure in the form of a triangle with the highs being squeezed along the inclined line, which indicates the weakness of the buyer to update these values. Also, the level of support is confirmed by several touches, which indicates the accumulation of participants' stops, due to which I consider the continuation of the movement.
GRTUSDT wants to retest the weekly resistance?GRTUSDT is forming a new inverse head and shoulders pattern, which is a bullish reversal pattern. This pattern is formed by three lows, with the middle low (the head) being lower than the two surrounding lows (the shoulders). The pattern is complete when the price breaks above the neckline, which is formed by connecting the highs between the shoulders. The inverse head and shoulders pattern suggests that the market is transitioning from a bearish trend to a bullish trend, and traders often use it as a signal to enter a long position.
The 0.786 Fibonacci level is a key level for the market, as it represents a significant retracement level. This level is based on the Fibonacci sequence, a series of numbers where each number is the sum of the two preceding ones. The 0.786 Fibonacci level indicates that the market has retraced approximately 78.6% of the previous bullish impulse. This level is important for traders as it can act as a support or resistance level depending on the trend direction.
According to Plancton's rules, if the price breaks above the 0.18 USD area, a new long position until the 0.24 USD level is possible. This rule suggests that the breakout above the 0.18 USD level could signal a bullish trend continuation, and traders may want to consider entering a long position in anticipation of a potential price increase.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐