GRTUSDT At a key level!
Hey guys,
As you asked about GRTUSDT, We can say that the price is currently on a support area(However it is not a major) and we have different scenarios for it:
1. Breaking the support area:
it would be possible for price to drop till 0.5
2. Rejection happening:
At this situation the next target would be 1.1
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But let's see what we have on the chart right now:
1. Price made a new higher high and higher low (Bullish)
2. RSI hidden divergence (Bullish)
3. Support area (Bullish)
4. Double top pattern (Bearish)
5. Strong bearish engulfing candlesticks (Bearish)
6. Breaking the trend line and a pull back is done (Bearish)
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What's my idea?
Honestly speaking we don't have enough proofs to be seller or buyer at the moment.
But as the Bitcoin market is bearish and here we have strong bearish engulfing, so I have more bearish bias at this situation.
It was my opinion, but please let me know what do you think about this market? Bullish or Bearish and why?
Good Luck!
As you asked about GRTUSDT, We can say that the price is currently on a support area(However it is not a major) and we have different scenarios for it:
1. Breaking the support area:
it would be possible for price to drop till 0.5
2. Rejection happening:
At this situation the next target would be 1.1
-----------------------------------------------------------
But let's see what we have on the chart right now:
1. Price made a new higher high and higher low (Bullish)
2. RSI hidden divergence (Bullish)
3. Support area (Bullish)
4. Double top pattern (Bearish)
5. Strong bearish engulfing candlesticks (Bearish)
6. Breaking the trend line and a pull back is done (Bearish)
------------------------------------------------------------
What's my idea?
Honestly speaking we don't have enough proofs to be seller or buyer at the moment.
But as the Bitcoin market is bearish and here we have strong bearish engulfing, so I have more bearish bias at this situation.
It was my opinion, but please let me know what do you think about this market? Bullish or Bearish and why?
Good Luck!
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