On the above 4-day chart price action has corrected over 90% since the sell signal in August 2021 (not shown). Now is a good opportunity to go long. Why?
1) A strong buy signal prints. (not shown).
2) Price action resistance breakout.
3) Strong positive divergence between price action and multiple oscillators. This divergence occurs over a 80 day period.
Is it possible price action could fall further? Sure. Is it probable? No.
PS: Does the above chart look familiar? ;-) (hint nudge wink etc - how thick do you want it?)
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excellent moment...
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first resistance $6.50
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A nudge and a wink.
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Reversal pattern confirmed.
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on support
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Think a ridiculous move is about to print. Not unique to this token, however. As with every alt-token recently (Graph, ASTRA, all recently examples) that has printed price action on the 3-day/50-day SMA following a strong buy signal fireworks followed..
3-day chart
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GRM support confirmed
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A few folks asking about targets. I don't know. However there are some notable areas of resistance after the current level is broken:
1st) $10
2nd) $38
3rd) Hard to believe.. but given the market capital, anything is possible.
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Past resistance on 3.30 now confirmed as support.
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GRM support confirmed
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The great thing about panicky sellers is they keep giving you opportunities...
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The market is producing some very clean patterns at the moment regardless of token I'm looking at. Just picking Badger as a random example, the corrective waves followed by the impulse waves, emotions are all in control, which is fascinating from a TA point of view.
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failed resistance
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Don't want to badger you, but it's time to get your bull on. I don't have a position so you'll need to ask for updates.
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Did you get your bull on?
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Past resistance confirms support. Currently up around 150%. Can be held until $20