GRT - Doin' the bull dance, buyin the dip, hodl'n, hodl'n...
I was trying to make sense of the dip last night. Generally I see many tokens moving pretty much with bitcoin but still respecting their own trends. Anyways, this morning, I checked my email and realized that coinbase listed three new coins at about the time of the dip. Now, there are plenty of alts on coinbase, but not many that looked as good as GRT did before the dump.I can only assume that people dumped GRT to jump on the new listings. I'm sure they will dump those eventually (if they haven't already), and will be buying it back up at a 10% discount. I'm not really worried about the long term prospects of GRT, personally. So this morning, I did what any dumb risk taker would do, i increased my position substantially while it was on sale.
I still remain long-term and short-term bullish on GRT. It would appear that we bounced off of the 200 ema on the 12hr chart this morning (which is good news). I see a couple paths, one much more likely than the other. We could dip down to $1.00 if we break below the triangle (i mean, it's possible, but not likely). So the other path would be to break to the upside, and get back to ATH around $2.90, and beyooond.
I'm thinking no matter what happens in the next few hours/days/weeks, we're looking at a $4.00+ GRT in the coming months.
I still remain long-term and short-term bullish on GRT. It would appear that we bounced off of the 200 ema on the 12hr chart this morning (which is good news). I see a couple paths, one much more likely than the other. We could dip down to $1.00 if we break below the triangle (i mean, it's possible, but not likely). So the other path would be to break to the upside, and get back to ATH around $2.90, and beyooond.
I'm thinking no matter what happens in the next few hours/days/weeks, we're looking at a $4.00+ GRT in the coming months.
Note
Meant to say 4hr 200 ema (forgot i had static timeframe in there)...
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