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Grin/Tether

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GRINUSDT trade ideas

$Grin/$Usdt Potential Bullish Butterfly (Daily)I plotted the potential Bullish Butterfly off of candle closes and some wicks to make it look more accurate. That being said, this just remains an idea for now and you would take big losses if you got stopped out, but the gains are exponential here if we were to hit targets. Conservative retraces are still big gains as well, but not really what you'd want in terms of your Win/Loss ratio and where you'd be stopped at if that were to be the scenario. You are currently at the PCZ of the potential Bullish Butterfly with Bullish Divergence on the daily time scale. You also broke out of a sloppy geometrical trend and are currently at the bottom of the fib channel. Overwhelmingly bullish signs here if I were to say so. After selling off tremendously, you'd imagine we'd at least hit our conservative retraces between the .382 and .618 fib lines.
Long
by ChArtWorks_TechnicalArts
1