GRT/BTC - ascending triangle and solid fundamentals
GRT/BTC has been setting up an ascending triangle since roughly two weeks and had two fakeouts in a row due to BTC's spike but now looks promising for a long position after successfully retesting the uptrend.
Either DCA as long as it's inside the triangle or buy after it breaks through the resistance.
Buy zone: 1640 - 1850 sats
Important resistance: 1900 sats
On the USDT pair it recently broke out of a symmetrical triangle and finished testing the prior resistance as new support:
Consider using a stop loss a bit below the uptrend in case the trade doesn't work as planned.
Best of luck and let me know what you think.
Either DCA as long as it's inside the triangle or buy after it breaks through the resistance.
Buy zone: 1640 - 1850 sats
Important resistance: 1900 sats
On the USDT pair it recently broke out of a symmetrical triangle and finished testing the prior resistance as new support:
Consider using a stop loss a bit below the uptrend in case the trade doesn't work as planned.
Best of luck and let me know what you think.
Note
Potential bounce spot for GRT here:
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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.
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.