GRTBTC - Inverse H&S on the RSI - 3H Chart
Updated
Spotted an inverse head and shoulders on the RSI. MACD is about to make a bullish cross. GRTBTC is testing support along the 0.5 fib line. I at a minimum, I expect a 10% gain as GRTBTC retests the MA 50 which has been a difficult line of resistance in the past. If GRTBTC does not hold above the 0.5 fib level, I will expect more movement to the downside as it tests the lower fib levels for support.
Happy trading!!:)
Happy trading!!:)
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GRT broke below the 0.5 fib level, and I am watching GRT very closely to see if it retests 0.5 and can break above or gets rejected. If it is rejected again I will expect more movement to the down side.
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