GRS-BTCGreetings.
GRS coin has good trading volume, traded on many exchanges including binance.
Let's start by looking at the weekly chart, the main trend is downtrending.
The price has formed a descending channel, at the moment the price has broken through and consolidated inside the channel above its lower boundary.
On the daily chart we can see that since last summer the price was falling and formed a falling wedge, after which there was a 300% spike on which we managed to make some profit.
At the moment the instrument as well as many altcoins has formed a concave bottom, the price is moving in a local uptrend, to remove the noise from long candlestick tails, let's switch to a line chart.
With high probability we can expect the price to move to the upper boundary of the descending channel about 40%.
But the most interesting scenario is when the price breaks and stays above the trend channel >2,000 satos, and in this case the price may continue its upward movement, level targets. This pumping can be a news release scheduled for March 22, depending on the scale of the news will be the pumping scale, as you know, waiting for the news, many tools grow, well, and with their withdrawal time to close the position.
P.S. in no way did not take away this instrument by the news, it turned out at the time of writing this idea.
Always use a stop loss, and do not use a leverage greater than x3.
A trader should always have tomorrow.
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Grostelcoin
$GRS - Grostelcoin Daily ChartGrostelecoin is another coin that has a good monthly and weekly chart showing good possibilities for a longer term investment. Looking for sn entry i hope one comes soon. We have a slight correction going in a bearish channel right now, though we have signs of another trend reversal. AC oscillator going above the zero line and we have a bounce off some support near 13133 SATS. To confirm this trend change, the channel has to be broke at the top with a candle closing above it. If this occurred and the AC oscillator continues to show strength in a bullish trend, may be a good time to make an entry and start accumulating the coin.
GRS looking bullishGRS and that bullish rectangle... or is it a raising wedge? I'm trying to differentiate the two. Input is greatly appreciated!
