Some "back of the envelope” style analysis explaining how the current $GRIN break out differs from the previous March *false break out*
-In March price increased a max of 54% from ATLs, this time price has increased a max of 136%( so far)
-From the March move, price made it’s high after 9 days and then only took 18 days before it made new ATLs again. This time there was alot more consolidation( The initial pump from ATLs pulled back and consolidated with some very small daily range bars and then broke out into new highs which were still being made 30+ days into the move.
-This current move would have looked a lot similar to the March move if price had broken down to ATLs again at the end of May. But it didn’t.
-Those big 2x big thrusts up on 8th & 12th of June had volume close to 2x greater than any other single day reported on Poloniex( the most legit/ largest real volume exchange)
-In March price increased a max of 54% from ATLs, this time price has increased a max of 136%( so far)
-From the March move, price made it’s high after 9 days and then only took 18 days before it made new ATLs again. This time there was alot more consolidation( The initial pump from ATLs pulled back and consolidated with some very small daily range bars and then broke out into new highs which were still being made 30+ days into the move.
-This current move would have looked a lot similar to the March move if price had broken down to ATLs again at the end of May. But it didn’t.
-Those big 2x big thrusts up on 8th & 12th of June had volume close to 2x greater than any other single day reported on Poloniex( the most legit/ largest real volume exchange)