Technical Analysis:
1. Simplicity is absolutely KEY when trading, especially for GRS. Just combine long term trend lines, medium term, and short term trend lines. Furthermore, Fib retracement levels are an excellent way to indicate certain bounces.
- I have indicated three different trend lines within my chart (color coded in blue, red, and orange).
- These three trend lines are now approaching each other in all ways.
2. Either it gets resolved with a big push up, or big sell down? If not, continue sideways market.
Sentiment Analysis:
1. GRS has been trading very steadily on certain Fib levels as indicated on my chart, despite of the big pops we had in the past month. This is a very good sign, even with the market being very unstable due to Bitcoin.
- A good indicator to keep in mind is that even if the volume is low, we haven't had any worrisome big sell offs.
- Chartists are trading GRS accordingly, and my current chart as of now seems like most smart whales will take advantage of this next resolved takeoff.
2. GRS has been very active in terms of exchange listings.
- Fundamentals have remained more or less the same, even better for GRS.
Good luck, and keep it simple. If breakout strategies don't work, just keep tight stop loss at bay.
Previous Analysis back in January:
- My buying opportunities and resistances have been pretty spot on in terms of swing trades. We are looking great for GRS so far!
1. Simplicity is absolutely KEY when trading, especially for GRS. Just combine long term trend lines, medium term, and short term trend lines. Furthermore, Fib retracement levels are an excellent way to indicate certain bounces.
- I have indicated three different trend lines within my chart (color coded in blue, red, and orange).
- These three trend lines are now approaching each other in all ways.
2. Either it gets resolved with a big push up, or big sell down? If not, continue sideways market.
Sentiment Analysis:
1. GRS has been trading very steadily on certain Fib levels as indicated on my chart, despite of the big pops we had in the past month. This is a very good sign, even with the market being very unstable due to Bitcoin.
- A good indicator to keep in mind is that even if the volume is low, we haven't had any worrisome big sell offs.
- Chartists are trading GRS accordingly, and my current chart as of now seems like most smart whales will take advantage of this next resolved takeoff.
2. GRS has been very active in terms of exchange listings.
- Fundamentals have remained more or less the same, even better for GRS.
Good luck, and keep it simple. If breakout strategies don't work, just keep tight stop loss at bay.
Previous Analysis back in January:
- My buying opportunities and resistances have been pretty spot on in terms of swing trades. We are looking great for GRS so far!