On the above 4-day chart price action has corrected 97% since the sell signal (not shown) in August 2021 at $5.40, amazing. Now is an excellent moment to be long. Why?
1) A strong buy signal prints (not shown).
2) The strong signal also prints on the BTC pair.
3) Regular bullish divergence. Lots of it. This divergence is measured over a 3-month period.
4) IF upside breakout is confirmed, then ride price action back up to $5. Price action within falling wedge must breakout out by mid-February.
Is it possible price action falls further? Sure. Is it probable? No
On support, weekly support. Expect a strong upside move soonish.
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Some folks have asked about a target. I don't know, the cycle top is unknown to me. However a number of the alt-tokens that have made big moves did so to the 0.786, that would take C98 to 2.30 area.
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BTC pair GRM support confirmed, prepare for liftoff.