GRT / TetherUSLong
MSR bullish divergence and false downside breakout GRTUSDT
3Day chart:
Bottom forming, Last candle had a large downwick, now MACD-H is ticking up. MACD-H and EFI are diverging with price. Price moves around -1 ATR, but it seems support has been found at these levels.
Daily:
Missing Right shoulder bullish divergence after bullish divergence, also a bullish divergence on ATR lines, MACD-Histogramd and MACD lines, even on Stochastic RSI. Price level currently in the value zone. I have placed buy orders at below 0.6, and will buy here only below 0.6 in pullbacks on lower timeframes
I expect price to rise up to +1 ATR because of the strong indicator combination as described.
After this target I will exit with 2/3 and reevaluate situation, to see if GRTUSDT completely reverses.
4H:
EMA's crossing, impulse green, uptrend started. Stochastic RSI overbought, but trend is up. I try to add in Pullbacks to the Value zone.
R/R: 1:2
entry: 0.58/0.59
exit: 0.795
SL: 0.494
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