This is my idea. I have tried my best to bring the best possible outcome to this chart, Do not consider it FINANCIAL ADVICE.
This chart is likely to help you in making better trade decisions.
I am not a market maker I could be wrong.
Everything is on the chart.
Everything depends on the BTC movement
the price is testing the daily support on 0.09$ inside a falling wedge.
On the 4h timeframe the price is testing the dynamic resistance below the static 4h resistance.
How to approach it?
IF the price is going to have a breakout from the resistances and retest as new support, According to Plancton's strategy , we can set a nice order
Keep in mind.
Price is trading in a Downtrend.
Price is taking a correction from 0.125$
Price is also respecting a TL
Price if give a breakout of support then
TP:- $0.087$ ,0.767$
Price is currently bouncing off the support area around $0.9 which has already been tested multiple times. MACD is showing some bullish momentum, RSI is neutral and EMAs are bearish. We might see a sweep of this support area as lots of liquidity is resting below it however overall price should keep moving up in order to take out the equal highs at $0.1245.
GRT / USDT
It was located in two descending channels where the floor support was lost.
The possibility of falling to lower levels and even 3 cents is available.
#GRTUSDT #GRT #BTCUSDT #BTC #ETHUSDT #LUNA #LUNC
We have touched the overhead resistance 3/4 times now. Looking for some consolidation here, and grinding up against the resistance more and more, before a break out.
Down below on the upsloping support line would be a sensible place to take a long; with an easy invalidation/stop loss just below.
Good luck everyone!
There is an interesting view for GRT - that is back on before entry-level.
We will see if this coin will get some increased volumes above as it's an important zone.
As always there is no guarantee in markets, your real guarantee, is your risk management.
This coin's choice as markets Techincal signal shows as interesting.
Coins could have in a small time frame...
The desired currency code for the holders can be the best currency code. With the analysis I did based on my strategy, it can touch the desired 4 orders.
Be prepared for the beautiful benefits of this currency code for its holders.
I set the limit order above the neckline and will set the stop loss at 0.236 Fibonacci level. I will use the Parabolic Sar for trailing stop loss or just put the take profit order on the 0.618 Fibonacci level.
GRT/BTC looking ok also.
Falling wedge / bull flag formation on the 15 minute chart. Buy/long on the bottom line support to max risk reward, stops on a close below this.
Targets.....off the top of my head historical price action of 0.126
This is my opinion about GRT I hope It will be helpful for others ..
pray for me if it was helpful ..
green lines is the targets for long terms
turquoise line is for med scalping
yellow line is for quick scalping
red line is the stop loss
NOT FAINICIAL ADVICE ...!!
GRT is in a Descending Triangle and we can Expect the Price to Fall because Not only The Price is in a Bearish Pattern and That the Price would Decrease as much as the Measured Price movement (AB=CD) ,We also have a Hidden Bearish Divergence (-HD) on MACD as well! This Means that The Bulls are in Real Trouble Right now! The Price should Reach around 0.105$ after...