cryptologyy

[GRS] Bullish short term once again!

Long
BINANCE:GRSBTC   Groestlcoin / Bitcoin
Hi everyone.

After two successful recent trades on GRS, it looks like we can already go for the third wave in the next couple of days and make some gains again.

GRS has been considered a "sleeping giant" for a while by many people.
Why I'm very bullish on GRS despite the very low volume:

- Clear pennant triangle forming on 4h timeframe
- We're reaching the end of a descending channel which means there is a high chance of bullish breakout
- MACD is slooowly showing some signs of reversal (need the cross for confirmation though)
- RSI is clearly showing a little divergence after being in the 30ish area for a while.
- GRS always breaks in style with massive pumps
- Fibonacci levels are on the chart. I expect it to touch 0.786.
- Major release to be out in less than two weeks
- And last but not least.. One of the rare coins that have not exploded yet on Binance during these insane times. For some reasons this coin seems to be unknown to most people but there is always a huge fomo during pumps

This is still a risky trade as volume is extremely low.
This is not an investment advice, I'm just sharing my thoughts about this coin.

Good luck everyone, what are your thoughts on GRS? Let me know :)

Comments