Gridcoin ready to jump higher
Updated
GRC had a massive shoulder-head-shoulder on the charts, but it did not trigger a huge sell off. There was some sort of downward channel though, which has now been left on the upside (small green oval). GRC has been reasonable steady in recent BTC-turmoil. Still the old neckline forms serious resistance. The upperline of the old downward channel should now give support, keep your eye on GRC breaking the line (big green oval) this could trigger a nice rise!
Comment
We have allready seen a nice upspike (profitable for short term traders), but if 'hodling' is more your thing: we are currently batteling the neckline, keep your eyes on a closingprice above it for a safe entrypoint!Comment
We are still battling the neckline, RSI is rising though.. we could see a definate break soonComment
Currently a bit in 'no-man's-land'..Comment
Still 'no-man's-land' more or less backtested the broken resistance.. propably find some support in current areaDisclaimer
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