GRAM/USDT | Is Another Bullish Attempt Coming?

Sep 2

By analyzing the #GRAM chart on the weekly timeframe, we can see that after the previous analysis, price managed to recover toward the $1.57 region, but buyers were not strong enough to maintain that move and GRAM entered another correction.

Currently, GRAM is trading around $1.32 and is once again sitting very close to the bullish area at the bottom of the current structure. Despite the recent weakness, my broader view has not changed yet and I still believe there is room for another bullish attempt from these levels.

In the short term, the first upside targets I’m watching are $1.45, $1.60, $1.75 and $1.90. Reclaiming these levels would be the first sign that buyers are starting to regain control.

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For the medium term, the more important targets are around $2.10, followed by $2.50 and then the major $2.70 – $3.10 Bearish Breaker area marked on the chart. This zone could become a very important decision point if GRAM manages to recover that far.

If the larger bullish cycle returns, the longer-term targets I’m watching are around $3.40 – $4.10 first, followed by the major higher-timeframe supply area between roughly $6.80 and $8.00.

For now, I’m still bullish on GRAM, but buyers need to prove themselves by reclaiming the nearby structure. The current $1.25 – $1.35 area remains extremely important for this scenario.

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Best Regards , Arman Shaban

Sep 3

Trade active

By analyzing the #GRAM chart on the weekly timeframe, we can see that price is currently trading around $1.34 and the main scenario from the previous analysis remains valid.

As long as GRAM continues holding the important $1.25 – $1.35 area, I still expect another bullish attempt.

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The short-term upside targets remain $1.45, $1.60, $1.75 and $1.90. For the medium term, I’m still watching $2.10, $2.50 and the $2.70 – $3.10 area.

For now, my broader bias remains bullish.