A big falling wedge seems to be forming since the local top at 2.20 has been reached. When that top was reached BTC immediately started the correction from 64k. The price may actually dive into 0.3 - 0.4's which marks the bottom of that wedge but I think the relief rally to 1.2 - 1.5 is imminent because that correction was quite severe. In my opinion atm it's safe...
Last time in January I published the idea of GRT closing a week with an inverted bullish hammer, there were 6 weeks of growth. It seems like this reversal pattern actually marks the end of the bearish trend and the following reversal. The token is terribly oversold, RSI below or near 30, bullish divs on bigger timeframes, etc. Now waiting for confirmation (bullish...
DYOR but I believe there's no need to worry. After the nice growth GRT seems to be drawing an IHS pattern on 1D chart. I suppose it will reverse to test higher highs soon.
I really enjoyed the weekly close formed a bullish reversal hammer, to be honest I was afraid the pattern would be spoiled. Now waiting for bullish confirmation in shape of engulfing candle up to 0.42 and higher.
GRT drawing a double bottom at 0.32-0.318. If this level holds and the token bounces we'll be good to go for higher resistances. I personally see no bad news about this token for it to tank.
Not financial advice. Perhaps we could go lower, but the breakout is imminent. They're just trying to make us capitulate and panic sell the asset for nothing.
