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Madoir
Jul 10, 2023 2:25 AM

GRTUSDT Long

GRT / TetherUSBinance

Description

The current situation of BINANCE:GRTUSDT (Graph Token) is as follows:

A few days ago, we witnessed an unsuccessful breakout that led to a price decline up to this point. There has been a downtrend lasting for more than 150 days, but fortunately, we also have a supportive trend line with two strong supports.

we have a change of character from a downtrend to an uptrend, and we can confirm this with higher pivots that have been formed. However, this doesn't necessarily imply a reason for the price to go up.

In my opinion, a price of 0.105 could be a reasonable buying price with the target of retesting the downtrend line.

⚠️"Daily crypto market analyses I provide are personal opinions & not financial advice. Trading carries risks, so do your own research & seek advisor's help."
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