π GRT has recently experienced notable shifts in the market. Currently, GRT has bounced from the demand area, with the candle exhibiting a positive response.
π If this bounce is validated, the next objective is the resistance trendline of the descending channel pattern. A successful breakout from this pattern probability could initiate a bullish momentum, facilitating an easy movement towards our target strong resistance area.
π However, should GRT fail to break out of the pattern, there's a potential retreat to the demand area to create new market momentum. Sustaining the demand zone is crucial, as a breakdown could signal a bearish trend, leading to a downward movement with the next support level situated at the support area, possibly extending further downward.
π If this bounce is validated, the next objective is the resistance trendline of the descending channel pattern. A successful breakout from this pattern probability could initiate a bullish momentum, facilitating an easy movement towards our target strong resistance area.
π However, should GRT fail to break out of the pattern, there's a potential retreat to the demand area to create new market momentum. Sustaining the demand zone is crucial, as a breakdown could signal a bearish trend, leading to a downward movement with the next support level situated at the support area, possibly extending further downward.
Trade closed: target reached:
Just as predicted, #GRT's up a smooth 115.91%!
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