GRT/USD Possible play for the coming wee
Updated
As GRT continues trading with a high-volume on exchanges it is still a trader's favorite in this month. We are currently retracing from the bounce from .32 to .49. This could be the beginning of a new trend upwards.
The current retracement from .49 to .39ish has created a possible bull flag. If this is true we should be testing the highs of .49/.50 again.
The resistance at .50 is pretty strong, I see us hitting it within the next few days or so and then retracing back to .45 before making our way into .50s -- .60s levels.
All this depends if the bull flag at .38 - .40 is true.
We should have an answer within the next 24h-48h.
The current retracement from .49 to .39ish has created a possible bull flag. If this is true we should be testing the highs of .49/.50 again.
The resistance at .50 is pretty strong, I see us hitting it within the next few days or so and then retracing back to .45 before making our way into .50s -- .60s levels.
All this depends if the bull flag at .38 - .40 is true.
We should have an answer within the next 24h-48h.
Note
Another reason to be bullish on this set up is that BTC is still sitting on a high 70%+ market dominance. I believe we should see some of that volume spread out to alts sometime this coming week(s).
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