GRT / TetherUS
Alış

🔥 GRT Break Out Is Here! 11 Month Consolidation Ended

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A couple of days ago I made an analysis on GRT. Here I argued that GRT was close to breaking out from the ~11 month triangle pattern in which it has been trading.

🔥 GRT Triangle: Break Out Soon?


As of today, we've finally got a strong break out! We're nearing the initial $1 target. With some luck we should reach that very soon.

I've added another line to the chart, at $1.08. I'm expecting the price to find some resistance in that area, potentially bouncing back to the triangle pattern resistance.

However, a break out is likely too, especially after a long consolidation period like this. In that case,. I'm looking for the $1.7 resistance as a second, longer-term target.

Happy trading!

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.