GRCBTC build for long term Long

Description

⋅ Oct 9, 2017 2:33 AM

Gridcoin hit support today at 633, we can aim 78% profit target at 1155 in short term (2 weeks)

If we focus to yearly cycle, in next 122 days GRC will reach 5316 at maximum peak.
from this position its about 700% profit target from 633 to 5316.

however if this coin drop again, we still have 2 support line at 423 and 262 for maximal dropdown.

Trend Analysis Chart Patterns

Comments

Elander

⋅ Oct 13, 2017 8:54 PM

Do you expect another peak after this one?

barkalon

⋅ Oct 9, 2017 6:07 AM

I dont know if it's ready yo rally up quite now. take a look at the RSI - it's testing the 40 levels from bellow, feels like we're still in the bearish trend
but might still happen... gonna keep an eye on this one.
question- how do you establish targets? i was trying to understand the logic behind the target line you drew.
expecting a peek at 3500 is quite optimistic by itself, how would you explain your projection?

nomnom

⋅ Oct 9, 2017 4:44 PM

@barkalon, It's just a trend line