Long
MY VIEW ON THE CURRENT SCENARIO IN GRTBUSD
Technical analysis regarding the price of THE GRAPH in relation of dollar Binance for the next scenarios, based on daily movement.
Price has been going downhill for a long time, leaving bottoms and tops lower and lower. At some point, we have to expect a resumption in its high, correct!?
GRT is a well-established project with excellent fundamentals, it has everything for a good valuation at its price. Its governance is faithful and so far delivers what it says.
In a more technical view, the price is with the RSI above 50 (>60), with the MACD gaining momentum (buying mass coming in heavy) and, it should be noted the very considerable volume, plotted below the MACD, notice the expression of the volume.
I believe the price will seek the targets projected on the chart. And, there is also a very noticeable resistance region just above that the price could go to test.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Price has been going downhill for a long time, leaving bottoms and tops lower and lower. At some point, we have to expect a resumption in its high, correct!?
GRT is a well-established project with excellent fundamentals, it has everything for a good valuation at its price. Its governance is faithful and so far delivers what it says.
In a more technical view, the price is with the RSI above 50 (>60), with the MACD gaining momentum (buying mass coming in heavy) and, it should be noted the very considerable volume, plotted below the MACD, notice the expression of the volume.
I believe the price will seek the targets projected on the chart. And, there is also a very noticeable resistance region just above that the price could go to test.
disclaimer
*** In accordance with CVM Instruction No. 598, of May 3, 2018, Art. 21, I declare that the recommendations of this analysis reflect solely and exclusively my personal opinions and perceptions and that they were prepared independently and autonomously. Not being considered a purchase and/or sale recommendation. ***
Any questions do not hesitate to contact me. I'm happy to be able to help you in the best way I can. 🙏
Disclaimer
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