Grin looks like it wants to break out from the previous market structure, and possibly make another run up. Solid swing trade opportunity if this momentum holds, and if Bitcoin doesn't get too choppy as it threatens to break into a correction. A shallow Bitcoin correction could be good for alts, as altcoins historically thrive when Bitcoin is making shallow...
The 1-day chart above tells us the price action resistance is now broken. Additionally there is good volume coming in following the almost 3-month long divergence between price action and the oscillators. Great moment to go long.
The divergence is slightly clearer here on the 3-day chart following 2 bullish engulfing candles.
There's a good chance that the price of GRIN will go up.
Targets: 0.00013, 0.00016, 0.00020, 0.00025, 0.00030, 0.00035.
I do not advise you to hold this coin for a long time, as innosilicon still going to put the miners and the price in February should go down because of them.
I am noticing a bullish setup for Grin (GRIN). My trading idea is to buy around current levels with a stop loss order around 0.00016, an initial target around 0.00029, and a secondary target of 0.00035, but if bullish volumes come in, it could go higher. As seen in the chart below, GRIN/BTC appears to be have formed a market structure bottom and is...