Alikze »» GRT | Wave 3 or rising C scenario - 1W

🔍 Technical analysis: Wave 3 or C scenario in the ascending channel - the target of the previous major ceiling - 1W

- In the previously presented analysis, a bearish flag pattern was observed, after which the GRTUSDT currency entered a correction phase, which was completed by the size of the correction flag bar in the Buyer Zone box.

Alikze »»GRT | Bearish Flag Pattern


snapshot

- As can be seen, the weekly and daily timeframe is moving in an upward channel.

- Currently, a descending channel has been formed inside the ascending channel, the descending flag pattern has been completed in the Buyer Zone.

- Now, according to the current momentum, it can touch the neck line area in the first step.

💎 In addition, an AB=CD pattern has been formed, and the above modification is a response to the mentioned pattern.

- So it can include a motivational wave in the form of wave 3 or bigger C, which can crown the previous major ceiling.

⚠️Note: It should be noted that if the bottom area is touched before, the ascending scenario will be invalidated and must be updated again.⚠️
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GRTUSDT
snapshot
Uwaga
Near term targets: 0.2075 - 0.2197
Medium term targets: 0.3512 - 0.5046 and Fibo target 1.618 range 0.8546
Long term targets and previous major ceiling target: 1.9637 - 4.3531
After short goals, updates will be made again.
AB=CDalikzeasendingchannelcryptocurrencysignalscryptomarketElliott WaveGRTlongpositionlongtermsignalssignalserviceSupport and Resistance

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