GRASSUSDT.P Higher, but lacking conviction
Hello everyone!
It's U.S. election day, so I'll keep this one short so you can enjoy the election show!
Today we’re looking at **GRASS/USDT** on the 30-minute timeframe. The price seems to be moving higher, but I’m seeing a series of lower highs and low volume. The lower highs trendline is pushing the price toward the 200MA. If the 200MA holds and the price breaks above the trendline with an increase in volume, there could be a chance to challenge the previous top. In this scenario, I'd like to see some volume come in to confirm the breakout.
Alternatively, I’d prefer to see a brief dip below the 200MA with a bounce from the 0.236 Fibonacci level, supported by volume. Either of these scenarios could lead me to take action.
This is not financial advice.
Stay safe, and enjoy the day!
It's U.S. election day, so I'll keep this one short so you can enjoy the election show!
Today we’re looking at **GRASS/USDT** on the 30-minute timeframe. The price seems to be moving higher, but I’m seeing a series of lower highs and low volume. The lower highs trendline is pushing the price toward the 200MA. If the 200MA holds and the price breaks above the trendline with an increase in volume, there could be a chance to challenge the previous top. In this scenario, I'd like to see some volume come in to confirm the breakout.
Alternatively, I’d prefer to see a brief dip below the 200MA with a bounce from the 0.236 Fibonacci level, supported by volume. Either of these scenarios could lead me to take action.
This is not financial advice.
Stay safe, and enjoy the day!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.