The Graph (GRT) / BTC - Bullish divergence

27 May 2021

On the above 1-day chart price action has corrected 60% since mid-February resulting in an oversold condition (orange column). Regular bullish divergence is now visible between lower lows in price action and higher highs with Stochastic RSI + Money Flow index (MFI).

Furthermore more price action has landed on past resistance as support, look left. Together with the divergence this is a great signal of a probable upside move with little downside risk.

Is it possible price action continues to fall? Sure.

Is it probable? Unlikely.

1st target 5000 sats. Good luck!

WW

3 Haz 2021

İşlem aktif

30 Haz 2021

İşlem aktif

Bullish divergence with bullish engulfing candles.

12 Ağu 2021

İşlem aktif

Price action breaks out of resistance