GRT sitting in a tight range, looking for a Break Out. I prefer break- and-retest entry, others go on break. Bulls need to flip the first red zone input support asap.
See "Related Ideas" below for info about my methods.
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Still bouncing inside the channel bound by strong fibs
Zoom IN (15min) for closer look at the zones we just smacked into the ceiling again, this time with a "Ping" (exact reflection off fib).
That may be a bad sign for bulls, because: "Not every Ping starts a Reversal, but Most reversals start with a Ping".
Broke out and Flying! Next target/barrier is Golden fib at $ 0.2341. What happens there will be quite telling. Probably reject at first, see if we can break.
Looks like we're above .2341 and holding. Thoughts from here?
EuroMotif
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@BCBackerBacker, ty for the coins! GRT keeps flying, blew through the golden fib at .2341 after just a brief pause. That tells me bulls are very strong, as that golden fib should have caused a pullback... So I will make some more measurements and post an update soon.
BCBackerBacker
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@EuroMotif, That sounds great. Appreciate the updates and your analysis!
PatioFurniture
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Headed right to .42
Marine420
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I'd love an update after the last few days of bullish momentum