That's as far as I'm going to predict. Something will happen at some point in time, I can say with confidence!
Seriously though, This looks like a pretty strong structure. It looks to me like it will retest support, and if support holds I THINK it will get a good bounce because it's breaking the triangle right around where that lower trend comes into play.
Comment
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8% bounce, not a bad profit if you timed it right. I thought it would go a little higher so I missed my target, but I'm gonna stick around and see if it stays in the symmetrical triangle
If Bitcoin falls this thing going under a dollar. I hope it does not do this, I have some positions that would get smashed. GRT BTC chart is one of the worst in crypto right now.
Mirror_Riker
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There is nothing like supports and tests for GRT at this moment, as like for many other alts. Btc is regulating everything right now. Bitcoin falls, alts fall. Bitcoin goes up, well, alts fall. GRT lost 30% of its value for no obvious reason other than Btc's volatile corrections and is now stagnant for almost one month. And altseason is passing by quick.
bed87
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@Mirror_Riker, When are we having the "real altseason?"
Jemkie
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@bed87, We've not had a proper alt season yet lol. Check out Others.D and BTC Dom, we're close to having one though!
DrCoinelius
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It's frustrating, isn't it? Still, I've managed to squeeze some nice profit out of these little spikes. If I get 5% per day, I'm happy.
Barrabert
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@Mirror_Riker, Your talking total BS. What do you expect from a coin, which did rise 1150% within 30 days approx. to a 161.8 FIB on log scale ??? It's even a miracle, that still holding up and didn't drop down to 0.80 level yet. Especially with a 1.5Bn marketcap. The only reasons why is it up yet are: cycle is not finished yet and the fundamentals are very good, so most probably serious investors are holding longterm and not retail pumper losers. This actual few percent correction is nothing and it can still rise, definitely while the cycle end.