Groestlcoin
Groestlcoin About to go Up again?pattern seems to be closing. But again I'm not a pro, let see what happen.
Groestlcoin - How Far Can It Go?Following the previous idea on Groestlcoin , it has reached the upside target and broke above it. GRS coin remains one of the leaders in the recent performance. Since price has bottomed out at $0.26, the increase in value was 760%, resulting in the GRS/USD moving as high as $2.3 in just over two weeks.
The upside momentum remains very strong and the rise is likely to continue. The next resistance level is seen at $127.2% Fibonacci retracement level, that is $3.5. And the much stronger, key resistance is at 161.8% Fibs, that is $4.5. If GRS manages to break above the final resistance, then only sky is the limit, while the rejection of any of the resistance level should result in a several months of correctional move down.
On a downside, there are several support levels to watch, the nearest is at $1.27, that is 50% Fibs. The second is $0.58, which is 61.8% Fibs from the previous wave up, and remains the key support level. Break below first support at $1.27 could send it back to $0.58 from where the uptrend should continue. But only break and close below $0.26 should invalidate bullish outlook.
GRSBTC - Keep a close eye on this oneI will get straight to the point, we have seen this coin being manipulated for the past few days now, but when it comes to patterns and charts, 1H chart is looking bullish to me. As we can see we have a triangle formation and its very simple. If it breaks to the top, we have a breakout, and if it breaks to the bottom, we might see it dip or dump.
Most likely it should breakout to the top any moment now, so lets keep an eye on it. This is going to be a risky trade, so DYOR first. Also, this coin will be a good hold as it has a major development release coming up in the month on June. It will be interesting to watch how that shapes GRSBTC. Although, I would not recommend to buy it now and hold it till June. For that we will get our dips in between.
I will keep an eye on this if it develops in a trade, but feel free to do your own research and enter if you feel like it. I personally will just be watching this one out. Will update the trade as and when needed for this one. Stay tuned for more updates, and follow here so you can get the latest updates on my posts.
Happy Trading!
Groestlcoin 5th wave qucik trade 20.04.2018Volume is building up. We can see nice resistance at 0.618 fib level. First target at 0.382 fib then we might expect a quick dump before further movement. I will make more specific chart with bigger time frame if we reach 0.236 fib level.
Groestlcoin quick trade 20.04.2018 binanceChart speaks for itself, I will make an update after the next move.
Groestlcoin VS Bitcoin Range TradingGroestlcoin continues to range between 5.7k and 16k satoshi areas. These levels correspond to the Fibonacci retracement levels, 76.4% and 23.6% accordingly.
While there is no established trend as GRS/BTC continues to reject the support, the range trading is likely to continue. If that's the case, the price should go up once again towards the 16k satoshis resistance. Whether the resistance will be broken or rejected, remains to be seen.
Break above should confirm a bullish run, but rejection might result in a continuation of the consolidation. On the downside, break below the support area should send Groestlcoin lower towards 88.6% Fibonacci retracement level, that is 3.3k satoshis. Such a low price could attract more buyers, resulting in exponential growth.
GRSlooks as if we are back at where we were in November. If we can break through this I see us going right back up to where we were in December/Jan.
GroestlCoin Mid-Term ScenariosGroestlcoin has been corrected down for 47 days since it reached the $2.75 high on 21st of December 2017. Correction resulted in a 85% decline while reaching $0.4 support area.
GRS/USD nearly tested the 88.6% Fibonacci retracement, however, the support hasn't been touched, and while RSI formed a bullish divergence price started to move higher. The downtrend trendline has been broken and on a correctional move down 4/1 Gann Fan has been rejected, forming the local support at $0.54.
GRS Coin should continue moving higher towards either $1, that is technical as well as psychological level and should be treated as a key resistance. Break above could push price further towards $1.5 area. If $1-1.5 will be rejected it is possible that price will correct down again, but this time to test 88.6% support at $0.37.
GRS, 1-Day Showing Bullish SignalsGrsoetlcoin (GRS/BTC) has been having big price action fluctuations, all caused by the choppy market within the past month; however, it is now finally showing a massive bullish signal on the 1-day chart, with a huge potential for breaking out again:
- Ascending triangle is the biggest factor here; we are getting higher lows, and consistent touching of the trend line and top horizontal line for over a period of few weeks - this proves that people are aware of this coin.
- Top horizontal line is being tested over and over. This has been lasting for about a month now.
- Volume, MACD, CCI, and RSI are all showing upswing potential.
- We should be hearing news on GRS sooner or later, especially with their support for numerous wallets, including Ledger.
- Marketcap potential boost is HUGE with GRS.
GRS has been experiencing liquidity problems, and volume has been fluctuating due to shorts.
Good luck!
GRSBTC GroestlcoinProject appears as a very speculative. Even though it is vivid that every rise has an impulsive character, there is a little change in general price outcome.
I am guessing that GRS got to present any firm fundamental data to get over upper limits.
Groestlcoin More Growth To ComeFollowing the previous idea on Groestlcoin , it has reached the upside target, which was 161.8% Fibonacci retracement applied through the November high. But GRS/USD managed to break above the $1.9 resistance and currently it is acting as a support, while 4h candle failed to close below after producing a strong spike down.
The $1.9 support could be just another buying opportunity for Groestlcoin investors as it looks like the uptrend is likely to continue towards next Fibonacci retracement levels. First strong resistance is at 261.8%, that is $2.8. Second resistance is at $3.4, which is 237.2% Fibonacci retracement level.
The overall trend is very bullish and Groestlcoing could be rising fast. The only way where trend could turn bearish is if it breaks below the 200 Moving Average.
Groestlcoin GRS/BTC rally signalsbeen watching GRS for a while now. i noted 2 potential channels and X marks the spot for breakout
BTC will have to stay sideways
entry: >7000~
target 1: 8783
target 2: 9910
moontarget: 12937
rekt: < 6000~
Groestlcoin forming cup and handle GRSneeds a little more uptrend to confirm c&h, but by then the boat will have left.
rolling the dice on this one
GRS LongGRS has been in consolidation for quite some time and looks to be almost ready for takeoff. I would watch this one closely as it can break out at any moment.
Daily MACD line coming to cross, which as in the past has seen massive gains.
You can potentially enter now, but I would wait and see where the breakout is and confirmed with volume. Could potentially set up a small bear trap before exploding. Notice the amount of accumulation volume, and the fact that these massive buy orders haven't sold yet. Usually tells you something about the market.
Entry: .000068-60
Stop Loss: .000055-50
Happy Trading!
GRSBTC 60BITTREX:GRSBTC
Buy when price move up above 8970 level (Resistance 1) and sell at Resistance 2 at 10124 level.
Full retrace on Groestlcoin (GRS)Expecting a full ABC correction (won't be buying)
this is more of a warning signal (not to buy)
$GRS Cup and Handle Formation We had a nice bounce off the .618 inside of the handle confirming this chart pattern. Another key to this pattern is the volume and as we see right now we are having a breakout. Oversold on the RSI makes me think we will see bullish continuation.
3H GRS Low risk natural reward.RSI and MACD confirming downward movements. we are going down to the next supportline which in my opinion a good chance with a low risk for a neutral trade.
