We have seen GRINBTC in a correctional stage for a few weeks, forming a 5-3-5 Zigzag correction, being now in the last wave of the correctional phase. Yesterday GRINBTC has bounced off the monthly resistance line just to give it away again quickly. This is an indication that the market wants to go lower and we might see a drop all the way down to form a...
If BTC sees some consolidation around 10-12k then holders might see value buying back into Grin.
This is the first area of interest, where the price of Grin has fallen back down towards previous resistance( which has now become support)
GRINBTC has made some interesting moves breaking the monthly trendline and pushing towards the 3.6 line of the extended first wave. Here it found its resistance and has broken the trendline to find a better support zone. This is showing the great interest this
particular instrument has attracted. Three weeks until the first hard-fork of GRINBTC, we are...
Grin has just formed a bullish bat pattern (almost perfect in shape and proportions). As theory says, this is a signal of change in direction and Fib levels of CD could be used as resistance/support level. (Same grin/btc bat pattern could be seen throughout all major exchanges)