Alikze »» GRT | Wave 3 or rising C scenario - 1W
🔍 Technical analysis: Wave 3 or C scenario in the ascending channel - the target of the previous major ceiling - 1W
- In the previously presented analysis, a bearish flag pattern was observed, after which the
GRTUSDT currency entered a correction phase, which was completed by the size of the correction flag bar in the Buyer Zone box.
- As can be seen, the weekly and daily timeframe is moving in an upward channel.
- Currently, a descending channel has been formed inside the ascending channel, the descending flag pattern has been completed in the Buyer Zone.
- Now, according to the current momentum, it can touch the neck line area in the first step.
💎 In addition, an AB=CD pattern has been formed, and the above modification is a response to the mentioned pattern.
- So it can include a motivational wave in the form of wave 3 or bigger C, which can crown the previous major ceiling.
⚠️Note: It should be noted that if the bottom area is touched before, the ascending scenario will be invalidated and must be updated again.⚠️
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GRTUSDT
- In the previously presented analysis, a bearish flag pattern was observed, after which the
GRTUSDT currency entered a correction phase, which was completed by the size of the correction flag bar in the Buyer Zone box.- As can be seen, the weekly and daily timeframe is moving in an upward channel.
- Currently, a descending channel has been formed inside the ascending channel, the descending flag pattern has been completed in the Buyer Zone.
- Now, according to the current momentum, it can touch the neck line area in the first step.
💎 In addition, an AB=CD pattern has been formed, and the above modification is a response to the mentioned pattern.
- So it can include a motivational wave in the form of wave 3 or bigger C, which can crown the previous major ceiling.
⚠️Note: It should be noted that if the bottom area is touched before, the ascending scenario will be invalidated and must be updated again.⚠️
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
GRTUSDT Note
Near term targets: 0.2075 - 0.2197
Medium term targets: 0.3512 - 0.5046 and Fibo target 1.618 range 0.8546
Long term targets and previous major ceiling target: 1.9637 - 4.3531
After short goals, updates will be made again.
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