GRT: Are we Breaking Out?

28 Mar 2021

Due to the Bitcoin dump last week, GRT has been hovering between $1.30 - $1.60. RSI levels hit a record low for GRT, almost approaching oversold territory.

What needs to happen to confirm a breakout and reversal?

• Bitcoin needs to hold up next week and not dump again back to 50K
• GRT would need a few solid candle closes on the daily at the .382 fib level (at minimum)
  
• MACD on the 1D chart needs a cross upward
  

I think April and May will be good months for crypto. March has historically been red in the past (especially in 2020). Of course, we will always see corrections, but overall I think new all-time highs will be made these next couple months and will lead up to the final mania phase of this bull run.

This is not financial advice. These are just my ideas and opinions.

28 Mar 2021

Not

Green candle started poking its head over the line. Like I said, if we hold above $1.91 then I'd say that's a clear breakout.

2 Nis 2021

Not

GRT is about to hit that .382 fib level to confirm the upward momentum. Keep in mind, this upward movement is with VERY little volume. Once we get a large volume push this thing is going to fly.

3 Nis 2021

Not

.382 fib level @ $1.91 has been reached. As long as we hold above then we should be set for the next move up.

10 Nis 2021

Not

GRT is about to retest the .382 fib level @ $1.91 again.