GRT was looking pretty good before the last crypto dump. But now it has put in a new low under the accumulation channel it was bouncing around in. Silver lining to this is a possible broadening channel/wedge for further accumulation before a pump. Also, worthy of note is a token release that is set to occur for GRT on the 17th of December, about half a billion tokens. I imagine this will create some significant resistance to moving up for a while until that selling pressure wears off. Should have plenty of time to establish a position in GRT at attractive prices before we're ready to move up.
So anyway, short term bearish, long term bullish. Still a solid project with a strong use case.
So anyway, short term bearish, long term bullish. Still a solid project with a strong use case.
Comment:
Broke the support and looking like an imminent bitcoin capitulation. RIP. See ya in 4 years.