I have mentioned almost all the points on the above chart.
Right at the movement, GRS has broken the weekly resistance with a green engulfing candle.
From here two possible scenarios,
1. The next candlestick would be going to test the new support which was resistance before at 2156. Most probably on 1st test 95 percent of the chances are the retracement.
Hi friends hope you are doing well. In this article I want to show you my technical analysis on Groestlcoin to understand how it has completed the setup for very big bullish move.
The major spike:
If we watch on the weekly chart then GRS was moving in a down channel. And on the candlestick that was started on the 4th May 2020 it was trying to break down the...
-weekly candle starts strong as the price holds 20W MA
-challenging the weekly resistance area between 2400-2700s
-I have two trading approach here
-first is to buy the break/close of weekly resist area
-or wait for the pullback and retest of old resist>new support
-the upside potential is up to 5300s
-stoploss is determined once we have an entry position
Welcome to this quick update guys.
GRS/BTC signals was provided on around 1850 sats thats the price were we bought.
It is extremely bullish right now.
Although this has become a P&D coin.We are buying heavy bags on this 2000 range with a target almost the range of the CUP and Handle pattern (Bullish in nature).
The price is retesting the resistance turned support...
BINANCE:GRSBTC , not very popular coin now but it doesn't matter much. They say: ''Every dog has its day'' . And so GRSBTC will have it soon.
It looks that bottom is in.
MACD looks good. Only more volume needed.
Targets are in the chart. Keep in mind that this coin likes to dump hard but when it pumps, it pumps hard as well so I wouldn't be surprised seeing GRS...
GRS is about to form a golden cross of 50MA & 200MA on the daily chart.
If GRS can hold current price levels or inside this bullish ascending triangle.
There is a high chance we could see mid-term growth for this coin.
The stop-loss is placed under both MAs and the upside target is up to 3550 sats area.