After GRT's massive pump, it went into a correction phase which has formed a descending triangle that touched twice around $2.15, which is usually more of a bearish signal. Support holds around $2.12. If support breaks in the next day or two, then we could fall to $1.80 or lower. If the bulls are strong enough, then we could pop back up to our next high.
Comment:
It looks like GRT is now heading down further.
Comment:
Dump inbound. Time to buy.
Comment:
Bull flag + MACD possibly flipping upwards on the 2HR.
Comment:
Market dump inbound. Stand by.
Comment:
Assuming the market is not dumping any further tomorrow, if GRT is able to break above this trend line then we should be heading back toward the high $2 - low $3 level next.
If we dump further, then buy in at support levels as it goes down. I don't like giving people exact buy numbers because you never know how far the market will correct.
*** NOT FINANCIAL ADVICE ***
If we dump further, then buy in at support levels as it goes down. I don't like giving people exact buy numbers because you never know how far the market will correct.
*** NOT FINANCIAL ADVICE ***
Comment:
GRT is still consolidating.