GRT-2h. Sellers are still weak.
The GRT token, recently launched on the cryptocurrency market, has grown by 2,500% since December 17.
The active phase of token purchase ended on December 19. Then the purchase was made by inertia. This is confirmed by the volume of trades, which decreased proportionally.
Now the GRT price is moving in a falling channel. The main liquidity of the token is located in two price zones. The first is $ 0.45-0.5. The nature of the fall does not look aggressive. Moreover, trading volumes during the fall are lower than during the rise.
This fact indicates a high probability of completion of the short-term trend of falling and re-test $0.69.
If buyers do not keep the $0.45-0.5 range, we do not recommend buying this token above the $0.235-0.257 range.
_____________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
The active phase of token purchase ended on December 19. Then the purchase was made by inertia. This is confirmed by the volume of trades, which decreased proportionally.
Now the GRT price is moving in a falling channel. The main liquidity of the token is located in two price zones. The first is $ 0.45-0.5. The nature of the fall does not look aggressive. Moreover, trading volumes during the fall are lower than during the rise.
This fact indicates a high probability of completion of the short-term trend of falling and re-test $0.69.
If buyers do not keep the $0.45-0.5 range, we do not recommend buying this token above the $0.235-0.257 range.
_____________________________
We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
Subscribe to us and get daily concise analytics!
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okx.com/join/20PSTRADE
🔥V-I-P cutt.ly/PwkLhT56
👍Daily bitcoin reviews here💲 cutt.ly/3wnaaG4s
🔵Telegram t.me/pstrade_eng
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