-Hello everyone
GRT (the graph) looks pretty through its consolidation. So let’s make an deep insight on it.
Between March 23th-28th grt/usdt pair made inverse head and shoulder pattern on 4H time frame not shown on analysis sheet but is obvious, the token completed and confirmed the pattern with the long thick 28th March daily candle. Moreover, in confluence with this, grt broke above the moving average showing us it’s possible too make it bullish.
RSI trendline has broked and the money flow index create bullish scene on Daily time frame.
Another interesting factor about the token is a HVN zone followed by decreasing bar length shown in the analysis sheet.
If the bulls can hold the price above moving average, they will plan an powerful attack to the red zone and then to the last line of defense of bears in 2.2877$ and if can break it, the price of this token retest the high of the swing in 2.89$ and rally to the 3.82$ Will be in the instruction.
Please do your own research before any trade and just believe in your decision for risk management requirements.
The recommended stop loss for this analysis is a rectangle with the high of 1.39$ And the low of 1.35$ and if price broke below the stop loss’s zone low, the analysis become invalid.
Hope you joy from this analysis and with that: happy trading ;)
GRT (the graph) looks pretty through its consolidation. So let’s make an deep insight on it.
Between March 23th-28th grt/usdt pair made inverse head and shoulder pattern on 4H time frame not shown on analysis sheet but is obvious, the token completed and confirmed the pattern with the long thick 28th March daily candle. Moreover, in confluence with this, grt broke above the moving average showing us it’s possible too make it bullish.
RSI trendline has broked and the money flow index create bullish scene on Daily time frame.
Another interesting factor about the token is a HVN zone followed by decreasing bar length shown in the analysis sheet.
If the bulls can hold the price above moving average, they will plan an powerful attack to the red zone and then to the last line of defense of bears in 2.2877$ and if can break it, the price of this token retest the high of the swing in 2.89$ and rally to the 3.82$ Will be in the instruction.
Please do your own research before any trade and just believe in your decision for risk management requirements.
The recommended stop loss for this analysis is a rectangle with the high of 1.39$ And the low of 1.35$ and if price broke below the stop loss’s zone low, the analysis become invalid.
Hope you joy from this analysis and with that: happy trading ;)