Since last bull rally the price range will hit Fibonacci Level at 61.8% (~ $0.61673) which already did today BUT we need the body of the candle to close above that level as well to ensure continuity of the trend toward next levels 78.6%. In case today are highest price reached and correction begin then correction will take place between price range ($0.34967 - $0.39996). End of current trend as predicted in this scenario would be touching $0.80796 price range.
Here are the next scenario
On extreme scenario if the ALTs seasons last long and ALTs crypto market cap increased that would be helpful for all ALTs and for the GRT it needs to reach 61.8% Fibonacci Level priced at (~ $0.69845) to ensure the closure of the body of the candle. In case today are highest price reached and correction begin then correction take place between price range ($0.32645 - $0.39973). End of current trend as predicted in this scenario would be touching $1.02570 price range.
In case you missed the rally you can wait for the correction were the price range for entry are described previously for two scenarios
On a monthly basis and for hodlers if this coin got enough liquidity and trading volume with the same consistenet level now i think we will see it's price heading more than ($1.15251 - $2.55517) and maybe more than that.
It's a great coin going up slowly on a uptrend rally but after all you need to make your study first.
Good Luck
Trade active
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Hello All,
As predicted in my first scenario price range would reach $0.80796 as it did and goes beyond that to reach all the way to new ATH at $0.86500
Good job for Hodlers or whoever entered on correction range at $0.40 that would made him >100% profit
All the best.
Trade closed: target reached
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Hello All,
Quick Update: As predicted in previous TA both targets of both scenarios ($0.80796 & $1.02570) has been achieved and price goes beyond those range which is great, congratulations for the traders who have took some profit.
If you want an update share with me your comment below.
Looking like we’re getting a slight pull back (correction?), you think we’re going to .38 on fib so ~ $ 0.44 ?
decimalBoa50339
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@esemk, In the first scenario 38.2% Fib level priced at $0.49029. My advise for long term focus between 38.2%-50% and buy the dips (lower high). That way the average purchased ratio will be lowest and upon selling you will make also a profit.
Kingzenno
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Great Post. Thanks for sharing. We closed at 0.6195 today 18.Jan 2020 so is the rally is still hot?
decimalBoa50339
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@Kingzenno, Yes, but its long term investment so to jump in again you need to wait for a correction take place. Taking into consideration ALTs market cap now at $354 billions and its touching previous ATH and might see new ATH as well as in GRT we haven't touch its previous ATH too. if you're hodler keep it for next couple of months.
NFVeej
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Great analysis and summary - thanks
decimalBoa50339
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@viciousjohnson, Happy to share TA and help other gain some $$ ;)