GRT Technical Analysis in Daily Timeframe

26 Tem

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Now, let’s dive into this chart analysis:

GRT has been in a bearish trend since March 2024, and it has respected the lower support level at $0.1463, forming a new support trendline.

The current rebound indicates a possible rally toward the resistance trendline, but first, it needs to break above the 50 EMA, which is the primary resistance for GRT.

Soon, GRT aims to reach the local high resistance level at $0.4935 once it breaks above the resistance trendline.

Key levels:

- Primary Support: $0.173.
- Lower Support: $0.1463.
- Primary Resistance: 50 EMA ($0.2178).
- Higher Resistance: $$0.2642.
- Target: $0.4935.
- Invalidation Point: A close below the lower support.

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