The Graph ABC Correction + Long-Term Support
An interesting pair... Looks good for a long shot.
The Graph (GRTBTC) is now moving above a "long-term support line."
This support level was established first in July 2023 with a very strong increase in trading volume once it was hit. It worked as support many times until the present.
➖ A recovery above this level in October 2023 led to a major bullish wave.
➖ This bullish wave ended with a classic ABC correction.
➖ This ABC correction can lead to a new up-burst now that prices are trading back above support.
Note: The ABC correction might not be over; It happens that sometimes we get one final drop before the bullish wave. On the other hand, it looks good to buy and hold; if prices drop, think-long term.
One can buy more and more and more on each drop and focus on long-term growth.
Remember to do your own research and planning.
This is not financial advice.
Thank you for reading and for your support.
P.S. Growth potential can go much higher than what is shown on the chart.
Namaste.
The Graph (GRTBTC) is now moving above a "long-term support line."
This support level was established first in July 2023 with a very strong increase in trading volume once it was hit. It worked as support many times until the present.
➖ A recovery above this level in October 2023 led to a major bullish wave.
➖ This bullish wave ended with a classic ABC correction.
➖ This ABC correction can lead to a new up-burst now that prices are trading back above support.
Note: The ABC correction might not be over; It happens that sometimes we get one final drop before the bullish wave. On the other hand, it looks good to buy and hold; if prices drop, think-long term.
One can buy more and more and more on each drop and focus on long-term growth.
Remember to do your own research and planning.
This is not financial advice.
Thank you for reading and for your support.
P.S. Growth potential can go much higher than what is shown on the chart.
Namaste.
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