GRTBTC - Inverse H&S on the RSI - 3H Chart

Spotted an inverse head and shoulders on the RSI. MACD is about to make a bullish cross. GRTBTC is testing support along the 0.5 fib line. I at a minimum, I expect a 10% gain as GRTBTC retests the MA 50 which has been a difficult line of resistance in the past. If GRTBTC does not hold above the 0.5 fib level, I will expect more movement to the downside as it tests the lower fib levels for support.

Happy trading!!:)

Order cancelled:

GRT broke below the 0.5 fib level, and I am watching GRT very closely to see if it retests 0.5 and can break above or gets rejected.

If it is rejected again I will expect more movement to the down side.