GRSBTC trade ideas
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.
GRS back at DEC 7 th levelsGRS is sticking to 5.5k as its hard preliminary support its safe to say 5.5k sats and lower is a must buy for grs. A recycling of the daily ema's will occur and I expect x3 to x4 when alt bullrun comes. *tread caution again because it all depends on btc to go up as well*
GRS ready to move cause of Big News and Dev UpdateLets see if i am right.
Its simple Newstrading and a short/midterm IDEA. It is not an financial advise of me.
All important information you get at their website
www.groestlcoin.org
This coin has awesome developers and a nice community.
Cheers and good luck.
GRS - Get Ready...Soon?Thoughts
- 200EMA and 50EMA waiting for the "Golden Cross", but still not close enough
- Hovering on the 0.236 Fib, for some time now
- Dropped below Support trend line, it has been rejected by the now Resistance trend line
- Still within a strong support zone, accumulation zone almost.
- Personally, I dont like it when hovering around the support zone for too long.
- I think it's worth going long with a tight stop loss
- At time of post GRS is trading 0.000061, I think the stop loss would be just below the mid term low (0.00005)
- First target would be breaking through the trend line and heading towards 0.382 Fib (0.000085)
- Risk 18%, Reward 39%, R/R 2.1
GRSBTC long term trade 220%looking for a bounce on previous cycle floor, and an entry on break of local swing high.
Target: +102%
Stop: -38%
Risk/Reward: 2.66
GRS Found SupportMoreover, the downside pressure seems to be weakening, while the technical indicators are endorsing the bullish scenario. From the technical point of view, in the short-term timeframe, the MACD indicator is approaching the positive bullish crossover, while the RSI is moving slightly higher above the oversold zone. Also, the price has just hit the 200-Day EMA near 6k Sats.
Further gains could see the resistance barrier, which overlaps with the 50-Day and 100-Day EMA. A jump above the aforementioned obstacle could reinforce the bullish structure in the short-term and open the way towards the next key resistance at 10k Sats.
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!
GRS possible tradeGRS hasn't pumped hard in a while. We can speculate that the coin may find buyers near the special line and an upward trend may be realised. If it finds momentum we may see good returns. Allow 2 months for this trade. Set stop loss once it's up 10%.
GRS looking bullishGRS and that bullish rectangle... or is it a raising wedge? I'm trying to differentiate the two. Input is greatly appreciated!
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.
