GROK BULL RUN STILL POSSIBLE
Good morning traders
A few days ago i posted about GROK and the potential it has of starting its bull run
We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks
If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes
I am still very bullish on GROK at this time and the cup and handle pattern is still valid
An invalidation would be shown when the bottom of the cup pattern is breached and closed lower
Until then i will continue to add to my GROK holdings at a discount
Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved
Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis
MY TAKE ON COMMUNITY...
Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy
Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions
Enjoy the rest of your day!
A few days ago i posted about GROK and the potential it has of starting its bull run
We seen a heavy sell off last night back down to a previous support level that was set in the previous weeks
If we take a look at the volume it shows that it could be a measured move for traders to add more to their bags at lower prices before the bull market resumes
I am still very bullish on GROK at this time and the cup and handle pattern is still valid
An invalidation would be shown when the bottom of the cup pattern is breached and closed lower
Until then i will continue to add to my GROK holdings at a discount
Another thing to point out is we have now started to form a bullish ascending triangle pattern on all higher timeframes and we could be in for a bit of sideways action until around 4th February 2024 by which time i do believe we can break to the upside depending on other fundamental factors involved
Thanks for reading and if you could leave a like and a follow i would be very grateful as this helps me reach more users with my market analysis
MY TAKE ON COMMUNITY...
Do not join their telegram channel as if you ask any questions they will mute you pretty quickly and the moon kids will give you abuse for not living in pure hope alone, I found their community very toxic from the off and i left within 5 minutes, not a good luck for them as a team of mods with selective punishment based on their moon boy energy
Don't become a moon boy, it is not logical to invest in to something based on hope, do your own due diligence and more if you can to make yourself comfortable with your investment decisions
Enjoy the rest of your day!
I am personally not a fan that markets hope this man gets involved as the likelihood is very low that will happen and leads me to be a little more cautious on this trade
Their telegram and memes are all Elon Musk orientated and that is why i believe their twitter account was suspended
They need to be original and adopt their own image instead of riding Elon