The price is testing the demand zone on 0.14$ and the market is getting new liquidity from this area.
The price is creating a tringle as well.
How to approach it?
the price needs to create a new Higher high above the 4h resistance. IF the price is going to have a breakout, According to Plancton's strategy , we can set a nice order
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Keep in mind.
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I have tried my best to bring the best possible outcome in this chart, Do not consider it...
Hello traders, Everything is clear on the chart for you like always.
Good luck.
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Shark
The Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13...
GRT is currently trading on the bottom, I personally think this is really good position to buy with very likely to have return at least about 40% with a massive upwards potentional.
TLDR: GRT breaks resistance with rsi above 50, yet BTC drop looms around, so it is best to wait for GRT to drop a little and find a support.
GRT has finally broken the resistance line from the top, and is near the bottom of the triangle formation.
The sell zones are highlighted on the chart.
Caution:
1 - To continue trending it must stay above the line mentioned...
Hello everyone, this analysis has been done using the downtrend line, I have drawn a resistance area above the trend line, which has been broken several times, and again this resistance can be easily broken and the damage limit is lower than the shadow. It has been taken before so that the trade does not close with a loss. Be successful and professional.
Hello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for GRTUSDT
The price is approaching the support line and actually it is now supported well. We predict that if it moves below this line, it will face more decline. Also it is possible for it to move gradually upward to the resistance line and face more...
The price is testing the demand zone on 0.26$ below the monthly support on 0.29$.
On the daily timeframe the price is creating a descending channel, and now the price is creating a falling wedge inside it.
How to approach it?
We need to wait the clear breakout from the supply zone at 0.35, where the market has the dynamic and static resistance.
IF the price is...
- 4h timeframe: Supertrend indicator > Short.
- 1h timeframe: Wait a correction (Long) and breakout long for short to open a Sell follow 4h timeframe.
... Long correction (Supertrend 1h)
...Long correction be broken:
* Author trades real at Binance Future.
Grt up to you but manage how much leverage you wanna use , there will be a scam wick which should hit the buy order so you can relax till target its meet or wait for that drop and buy at the retest of $0.291 Hope you make a decent profit , patience needed for the target. If using spot do not use stop loss.
The price got rejections from the dynamic daily resistance and now the price is testing the 4h resistance above the weekly support.
How to approach?
IF the price is going to have a breakout from the resistance and retest the resistance as new support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure ->...
BINANCE
