Alikze »» GROK | Wave 3 or 3 bullish scenario - 1D🔍 Technical analysis: Wave 3 or 3 bullish scenario - 1D
- After a bullish cycle it has had a complex zigzag correction inside a bearish channel on the daily time frame.
- Currently, it has completed an AB=CD cycle up to the range of the negative line of the ceiling of the descending channel.
💎 To continue the upward path, it can be broken with pullback to swing or the middle of the channel up to the range of the green box, and enter the next upward cycle.
⚠️If the correction touches the bottom of the previous range, the bullish scenario is invalidated and can form a double zigzag correction.⚠️
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MEXC:GROKUSDT
Grok
GROK/USDT Technical Analysis in a Daily TimeframeHello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:
GROK is currently in a downtrend, holding support at $0.00435. The price is in its accumulation range, and if it manages to maintain the current support, we could see a decent rally for GROK very soon.
The RSI is in the oversold zone, indicating a potential bullish momentum ahead. The blue EMA and the horizontal ray at $0.007 are the primary resistance levels that GROK needs to break for a higher rally.
Key levels:
- Primary Support: $0.0043.
- Primary Resistance: $0.007.
- Long-Term Target: 5x gain at $0.02627.
- Invalidation: A close below the $0.0043 support level.
DYOR, NFA
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GROK: Holding potential for a decent rallyGROK has recently broken out and bounced back from the support level of $0.007. GROK's performance has been amazing, and if it continues in the same manner, we can expect good results.
Entry: $0.007 to CMP (DCA if it dips).
Leverage: 5x to 10x.
Stop Loss: $0.00633.
Targets: $0.00943, $0.01182, $0.01523, $0.02066.
Note: Do not FOMO on this one and use low leverage with precise SL.
Not Financial Advice.
Trade safely.
Regards,
Team Dexter.
GROK Trade Setup: Potential for 150% Gain!GROK is gearing up for a potential rally, showing a decent rebound from the support line at $0.00679. In the past, GROK has performed well, and it is expected to do the same from the current market price.
Entry: $0.00679 to CMP.
SL: $0.00624.
Targets: $0.01058, $0.01344, $0.01794.
DCA the dip and keep the leverage between 5x to 10x.
DYOR, NFA.
Let me know your thoughts in the comments section. Please hit the like button if you found this helpful.
Thank you.
#Peace
$GROK Setting up nicely, bullish shitcoinTaking a look at $Grok chart seems very bullish
Number of holders almost doubling by the day and volume is insane.
This coin is memecoin for Twitter new Grok AI which will over take chatgpt
As we all seen whay happens with those coins, played this as it can be the next FWB:PEPE
Advanced Technical Analysis: GROK/USDT.Executive Summary:
Our technical scrutiny of the GROK/USDT pair on a daily timeframe offers a perspicacious glimpse into the asset's price momentum and potential future movements. Currently trading at 0.012860 USDT, the cryptocurrency has witnessed a 6.63% appreciation within the latest session. This analysis encapsulates the confluence of various technical indicators and chart patterns that suggest speculative price trajectories for GROK/USDT.
Technical Indicators:
Relative Strength Index (RSI): The RSI is hovering at 49.86, indicating a neutral momentum without immediate overbought or oversold conditions. This provides room for either a rally or a pullback, with the RSI pivot points at 70 (overbought) and 30 (oversold) serving as thresholds for potential trend reversals.
Stochastic Oscillator: The Stochastics are crossing upwards below the 20 level, typically a bullish signal suggesting a possible end to the downward price momentum and a forthcoming uptrend.
Moving Average Convergence Divergence (MACD): The MACD line remains below the signal line but appears to be reducing its divergence. The histogram bars are contracting towards the baseline, which may presage a bullish crossover in the proximate trading sessions.
On-Balance Volume (OBV): The OBV line is relatively flat, indicating a consolidation phase without significant volume to confirm a breakout in either direction.
Chart Patterns:
Ichimoku Cloud: The price is oscillating around the Ichimoku Cloud, currently trading slightly above the cloud. This could indicate a tentative bullish bias. Traders may seek the cloud as a dynamic support region for potential buy orders, should the price retrace.
Fibonacci Retracement: The asset's price has recently bounced off the 38.2% retracement level. Should bullish momentum continue, we might anticipate a move towards the 23.6% level at approximately 0.019370 USDT, while a bearish turn could see the price retesting the 61.8% level at 0.018395 USDT.
Volume and Volatility:
The current volume of 44.44M is below the 30-day average volume of 215.06M, suggesting a lower participation rate in the recent price movement, potentially undermining the reliability of the current price action.
Price Speculation and Potential Targets:
Assuming the bullish signals consolidate, we could set an initial speculative price target around the 0.019370 USDT, aligning with the 23.6% Fibonacci level and recent price resistances. A break above could open the gates towards 0.020000 USDT psychological round figure, followed by the 0.023000 USDT zone, marked by historical price interactions.
Conversely, should the bears regain control, a fall below the 38.2% Fibonacci retracement might trigger a decline towards the 50% level at approximately 0.015420 USDT, a pivotal area where previous price consolidation occurred.
Conclusion:
In the forthcoming sessions, market participants should meticulously monitor the MACD for a bullish crossover and the RSI for a sustained move above the midline to validate the potential upward trajectory. The key to riding the potential wave will be to watch for volume-backed moves as an affirmation of the prevailing trend. While speculative bullish targets are placed at 0.019370 USDT, it is imperative to consider stop-loss orders to mitigate risks due to market volatility or unforeseen fundamental shifts.
$Grok grok Cup and handle (channel) Pattern.....Breakout!$Grok Grok had a 60% retracement from $0.03 high..
Current Price: $0.011
#Grok price action currently in a cup and handle (channel) pattern!
Break out of channel handle will lead to 0.017, 0.022, 0.026, 0.03
Break down from handle will retest supports: 0.0092, 0.0055 (Perfect buy the dip areas)
GROKGROK is a meme cryptocurrency token on
Binance Smart Chain launched at 6/11/2023.
.....................................................................................................................
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature.
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
$GROK Grok Cup and Handle Pattern...$Grok Grok had a 60% retracement from $0.03 high..
Current Price: $0.012
#Grok price action currently in a cup and handle pattern!
Break out of handle will lead to 0.017, 0.022, 0.026, 0.03
Break down from handle will retest supports: 0.0092, 0.0055 (Perfect buy the dip areas)
GROK/USDT bullish horizons? 👀 🚀GROK Today Analysis💎 Paradisers, take note of a potential opportunity with #GROKUSDT. Recently, after breaking above its descending channel, it's showing signs of gearing up for a bullish movement.
💎 For a considerable time, #GROK has adhered to a descending channel pattern and has finally managed to break above it. Currently, it has successfully completed a Market Structure Shift (MSS), indicating a substantial chance for a bullish movement. With this continued upward momentum, GROK is set to target supply levels at $.009652, and might even stretch further to challenge higher supply levels at $.020208.
💎 Additionally, for #GROK, be prepared for a possible bullish rebound from the demand level of $0.006857. Yet, be aware that a drop below this level could indicate potential obstacles in maintaining the bullish trend.
💎 In this fluid and evolving market environment, strategic foresight and effective decision-making are critical. Crafting a comprehensive trading strategy that includes sound money management and an in-depth understanding of support and resistance levels is key to securing successful trading outcomes. 🌴💰
GROK-USDT INCREASE VOLUME (BREAK POSSIBLITY)Thank you for reading this update.
Depending on our study we see that GROK has a good chance of volume increase.
This updates depending on day trade, And the market should confirm with time the right market way.
The Supply provided by the whales makes it interesting that this coin can have more action.
#Nottradingadvice
