Hanging in the balance
Grin spiked up on Poloniex on 19/06 to a high around 75155 sats( around $7). This coincided with a Buy alert from a pump ground called Palm beach research group who told their subs to buy Grin up to $7 on Bittrex or Poloniex.
whilst Poloniex hit 75155 the price of Grin didn't make it over 70000 on most other exchanges. Also, to note that the spike up to 75155 took out alot of the sell side liquidity and total Grin sell orders in the Polo book fell dropped to near 100k. However, they immediately started rising after that as miners and others sent coins in Polo following the spike in price. Current total sell orders are sitting at 129k( and earlier today got up to 134k) which is the highest it's been in the past month( Not exactly a bullish sign)
For the TA moon boys, the spike to 75155 lined up with a 78.6 Fib retracement of the downward leg into the ATL. Price is currently sitting on top of channel. Needs to hold here or we're going back to 40000.
whilst Poloniex hit 75155 the price of Grin didn't make it over 70000 on most other exchanges. Also, to note that the spike up to 75155 took out alot of the sell side liquidity and total Grin sell orders in the Polo book fell dropped to near 100k. However, they immediately started rising after that as miners and others sent coins in Polo following the spike in price. Current total sell orders are sitting at 129k( and earlier today got up to 134k) which is the highest it's been in the past month( Not exactly a bullish sign)
For the TA moon boys, the spike to 75155 lined up with a 78.6 Fib retracement of the downward leg into the ATL. Price is currently sitting on top of channel. Needs to hold here or we're going back to 40000.
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