GRT has gone through a cool off correction after hitting its ATH in beginning of Feb. we have been seeing recent pushes up in our candles and then coming backdown throughout the days, I am looking for a golden cross on the MACD hinting at upcoming big movement for grt, also tomorrow i think we could see price come back up as our Stoch RSI is coming back up from the oversold zone. Ema ribbons slightly up but for the most part pointing sideways. I expect us to see some nice movement in GRT soon. Worst case if we do break into the 0.2 FIB which the bulls have so far been holding we could see a little more of a drop somewhere in the 0.2 level, i think this is the more unlikely scenario but if it does happen i will be buying the dip! Not financial advice just my opinion.
STOCH RSI is low but regular RSI is within normal level on the 1D, 4H and 2H mainly because of the lack of activity recently. GRT (and most alts) will continue its downward momentum for now, especially since BTC is very close to crossing downward on the 1D MACD. If BTC does a full downward cross then expect low 50K range, possibly high 40K range if support can't hold.
By the way, I'm bullish on GRT long-term. This is just my speculation for the short-term.
JacobR905
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@LA_Designer, Thanks for that i will definitely keep that in mind, agree GRT is a very beneficial asset to the blockchain! Big dips are a blessing in my mind
LA_Designer
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@JacobR905, agreed. It's happening as we speak :-)
By the way, I'm bullish on GRT long-term. This is just my speculation for the short-term.