Hello Traders,
The GRT is showing a lot of potential upside. We already seen an initial push to the upside upon release on Coinbase. We then had a period of accumulation forming the cup. The handle has already finished forming as well. We also have a W shape forming currently. The break of the cup head will push this token to $1.15 as the profit target. With this setup CUP and HANDLE. You will typically see that 80-90% of the time it reaches the 1 to 1 measure move of the cup (take profit area) and then reverses back to retest the top of the cup before moving higher. The new accumulation phase will take longer before a push above all time high will happen.
If you also look at GRT/ETH pair, you will see that GRT will out perform ETH by 70-80% at current price. Meaning it is better to hold GRT over Ethereum for this next month.
Let me know what you think.
The GRT is showing a lot of potential upside. We already seen an initial push to the upside upon release on Coinbase. We then had a period of accumulation forming the cup. The handle has already finished forming as well. We also have a W shape forming currently. The break of the cup head will push this token to $1.15 as the profit target. With this setup CUP and HANDLE. You will typically see that 80-90% of the time it reaches the 1 to 1 measure move of the cup (take profit area) and then reverses back to retest the top of the cup before moving higher. The new accumulation phase will take longer before a push above all time high will happen.
If you also look at GRT/ETH pair, you will see that GRT will out perform ETH by 70-80% at current price. Meaning it is better to hold GRT over Ethereum for this next month.
Let me know what you think.
Trade active:
Target haven't fully reached yet. Took 50% of profit off at 93c. Letting the rest run.